Citizens Community Bancorp weighs board seat request

Citizens Community Bancorp, Inc. reports that a stockholder group including Andrew Schornack, identified in a Schedule 13D/A, requested a seat on the company’s Board of Directors during analyst and investor meetings on July 27, 2026.

Rhea-AI Filing Summary

Citizens Community Bancorp, Inc. reports that a stockholder group including Andrew Schornack, identified in a Schedule 13D/A, requested a seat on the company’s Board of Directors during analyst and investor meetings on July 27, 2026.

The company recently held its Annual Meeting on June 16, 2026, where stockholders elected three Class II directors to terms ending in 2029, and there are currently no Board vacancies. The request will be taken under advisement and considered by the Board’s Governance and Nomination Committee, which may evaluate a nominee under the company’s Corporate Governance Guidelines. The company states there can be no assurance that the committee will recommend, or the Board will approve, any such appointment, and emphasizes that the Board acts consistent with its fiduciary duties in the interests of all stockholders.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Annual Meeting date: June 16, 2026 Class II directors elected: 3 Class II director term end year: 2029 +1 more

4 metrics

Annual Meeting date June 16, 2026 Date stockholders elected three Class II directors to terms ending in 2029

Class II directors elected 3 Number of Class II directors elected at the June 16, 2026 Annual Meeting

Class II director term end year 2029 Year when current Class II director terms elected in 2026 are scheduled to end

Analyst and investor meeting date July 27, 2026 Date of meetings where Reporting Persons requested a Board seat

Key Terms

Schedule 13D/A, Governance and Nomination Committee, Corporate Governance Guidelines, fiduciary duties

4 terms

Schedule 13D/A regulatory

"persons identified in the Schedule 13D/A filed on July 29, 2026"

A Schedule 13D/A is an amended disclosure filed with regulators by an investor who already reported owning more than 5% of a company’s shares and needs to update their original filing. Think of it as a public status update that tells markets whether the investor’s ownership, plans, or source of funds have changed; such updates matter because they can signal a push for control, major strategic moves, or increased pressure on management, which can affect stock prices.

Governance and Nomination Committee regulatory

"considered by the Board’s Governance and Nomination Committee at a forthcoming meeting"

Corporate Governance Guidelines regulatory

"evaluate such nominee in accordance with the Company’s Corporate Governance Guidelines"

A company’s corporate governance guidelines are a set of written rules and practices that explain how its board and executives make decisions, oversee risks, and hold themselves accountable—think of them as the organization’s playbook for fair and responsible leadership. Investors care because these guidelines shape how transparent decision-making is, reduce the chance of surprises or conflicts, and influence long‑term stability and trust, much like house rules keep a household running smoothly.

fiduciary duties regulatory

"Consistent with its fiduciary duties, the Board is committed to acting"

Fiduciary duties are the legal and ethical responsibilities that company directors, officers, or financial advisors have to put shareholders’ interests ahead of their own, acting with honesty, care, and loyalty. Think of it like a guardian managing someone’s money: choices must prioritize the owner’s benefit, avoid conflicts, and be made with prudent judgment; investors rely on these duties to ensure decisions aren’t self‑serving and to provide grounds for legal action if abused.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board-related event did Citizens Community Bancorp (CZWI) disclose?

Citizens Community Bancorp disclosed that a stockholder group requested a seat on its Board of Directors. The request arose during analyst and investor meetings on July 27, 2026 and will be evaluated through the company’s governance processes.

Who approached Citizens Community Bancorp (CZWI) about a board seat?

A group of Reporting Persons, including Andrew Schornack, approached Citizens Community Bancorp about a Board seat. These persons are identified in a Schedule 13D/A filed July 29, 2026, and discussed the request at an analyst and investor meeting.

Does Citizens Community Bancorp (CZWI) currently have vacancies on its Board?

Citizens Community Bancorp reports that it currently has no vacancies on its Board of Directors. At the June 16, 2026 Annual Meeting, stockholders elected three Class II directors to terms ending in 2029, filling available positions.

How will Citizens Community Bancorp (CZWI) consider the stockholder’s board nominee?

Any nominee identified by the Reporting Persons will be considered by the Governance and Nomination Committee. The committee may recommend creating a vacancy and will evaluate the nominee under the company’s Corporate Governance Guidelines before any Board decision.

Did Citizens Community Bancorp (CZWI) agree to appoint the requested nominee to its Board?

No. Citizens Community Bancorp states there is no assurance the committee will recommend, or the Board will approve, the Reporting Persons’ nominee. The Board notes it will act consistent with its fiduciary duties to all stockholders.

When were the latest directors of Citizens Community Bancorp (CZWI) elected and for how long?

At the June 16, 2026 Annual Meeting, stockholders elected three Class II directors to terms ending in 2029. These elections mean the Board currently has no vacancies as it evaluates the stockholder group’s request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 07/31/2026 - 08:46 AM Accepted by SEC EDGAR 07/31/2026 - 08:46 AM Learn about SEC filing dates

0001367859false00013678592026-07-292026-07-29

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  July 29, 2026

CITIZENS COMMUNITY BANCORP, INC.

(Exact name of registrant as specified in its charter)

Maryland

(State or other jurisdiction of incorporation)

001-33003						20-5120010
(Commission File Number)						(I.R.S. Employer Identification No.)

2174 EastRidge Center

Eau Claire, WI 54701

(Address and Zip Code of principal executive offices)

715-836-9994

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐						Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐						Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐						Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐						Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $.01 par value per share			CZWI			NASDAQ Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933. (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter.)

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.  Other Events.

Stockholder Nomination

As is typical following its earnings releases, Citizens Community Bancorp, Inc. (the “Company”) participated in bank analyst and investor meetings on July 27, 2026. One such meeting was with Andrew Schornack and certain other persons identified in the Schedule 13D/A filed on July 29, 2026 (the “Reporting Persons”). At that meeting, the Reporting Persons asked for a seat on the Company’s Board of Directors (the “Board”). Having just concluded its Annual Meeting of Stockholders on June 16, 2026, at which the Company’s stockholders elected three Class II directors to terms ending in 2029, and because there are no vacancies on the Board, the Company indicated that the Reporting Persons’ request would be taken under advisement and considered by the Board’s Governance and Nomination Committee (the “Committee”) at a forthcoming Committee meeting. Assuming the Committee determines to recommend the creation of a vacancy, the Committee would evaluate such nominee (once he or she has been identified by the Reporting Persons) in accordance with the Company’s Corporate Governance Guidelines. There can be no assurance that the Committee will recommend, or that the Board will approve, the appointment of the Reporting Persons’ nominee to the Board. Consistent with its fiduciary duties, the Board is committed to acting in the best interests of all Company stockholders and regularly evaluates opportunities to maximize value for all Company stockholders.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CITIZENS COMMUNITY BANCORP, INC.

Date: July 31, 2026

By:

/s/ James S. Broucek

James S. Broucek

Chief Financial Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.3 KB