Marathon Bancorp, Inc. filings document its public-company reporting as the holding company for Marathon Bank and as the issuer of MBBC common stock listed on Nasdaq. The record includes 8-K disclosures for material corporate events such as stock repurchase programs and proxy-related filings for shareholder meetings.
Definitive proxy statements and voting reports describe board elections, independent auditor ratification, equity incentive plan matters and stockholder voting results. The filings also identify registered common stock, governance processes and capital actions for the bank holding company.
Marathon Bancorp, Inc. reported that stockholders approved its 2026 Equity Incentive Plan at a Special Meeting of Stockholders held on May 28, 2026. The plan allows the company and Marathon Bank to grant stock-based awards to officers, employees and directors, as previously described in the April 24, 2026 proxy statement.
The proposal to approve the plan received 2,024,653 votes for, 135,220 against and 98,908 abstentions. The approved plan is intended to support future equity-based compensation and alignment of management, staff and directors with stockholders.
Marathon Bancorp SVP and CCO Terry Cornish reported a small tax-related share disposition. On the reported date, 41 shares of common stock were withheld at $14.50 per share to cover tax obligations, a non‑market transaction coded as a tax-withholding disposition.
After this, Cornish directly held 3,003 common shares, plus indirect holdings of 1,478 shares through an ESOP and 25,816 shares through a 401(k). Cornish also held stock options over 4,804 shares at $6.48 expiring on May 16, 2033 and 4,498 shares at $8.13 expiring on June 28, 2032, which vest 20% per year starting in 2023 and 2024.
Marathon Bancorp, Inc. SVP and CFO Joy Selting-Buchberger reported updated holdings, including a tax-related share disposition. A total of 56 shares of common stock were withheld at $14.50 per share to cover tax obligations, leaving 5,282 directly held common shares. She also holds common stock indirectly through an ESOP (1,264 shares) and a 401(k) plan (21,788 shares). In addition, she retains stock options on 4,804 shares at an exercise price of $6.48 expiring on May 16, 2033, and options on 5,999 shares at $8.13 expiring on June 28, 2032. Footnotes note that related restricted stock and options vest 20% per year starting in 2023 and 2024.
Marathon Bancorp, Inc. EVP and CAO Nora Spatz reported updated holdings of the company’s common stock. A Form 4 entry shows an F-code tax-withholding disposition of 30 shares at $14.50 per share, leaving 19,949 directly held common shares.
She also reports several indirect holdings, including shares held by a spouse, ESOP, as custodian, a trust, and a 401(k) plan, plus stock options on 2,883 shares at $6.48 expiring in 2033 and 3,600 shares at $8.13 expiring in 2032, which vest 20% per year.
Marathon Bancorp, Inc. EVP and COO Michelle Knopf reported an update to her equity holdings in company securities. The filing shows a tax-withholding disposition of 86 shares of Common Stock at $14.50 per share, used to cover tax obligations rather than an open-market sale.
After this event, she holds 3,332 Common shares directly, plus indirect holdings of 1,274 shares through an ESOP and 18,298 shares through a 401(k). She also retains stock options over 4,804 shares at $6.48 and 4,498 shares at $8.13, which vest at 20% per year under existing equity award schedules.
Marathon Bancorp, Inc. reported sharply higher profitability for the quarter ended March 31, 2026. Quarterly net income rose to $487,863, up from $148,403 a year earlier, with basic and diluted earnings per share of $0.18 versus $0.05. For the nine months, net income increased to $1.43 million compared with $374,437 in the prior-year period, or $0.53 per share versus $0.13. Loan growth to $213.5 million and higher loan yields helped lift net interest income to $2.06 million for the quarter and $6.07 million year-to-date. Asset quality remained manageable, with nonaccrual one‑to‑four‑family residential loans of $190,013 and an allowance for credit losses on loans of $1.71 million. Total assets reached $249.0 million, deposits were $174.2 million, and Federal Home Loan Bank advances increased to $24.0 million. The bank’s tier 1 capital to average assets ratio was a strong 15.35%, and it remained categorized as well capitalized under regulatory standards.
Marathon Bancorp, Inc. director Ann M. Werth exercised employee stock options to acquire additional common shares. On May 5, 2026, she exercised options into 599 shares at $6.48 and 899 shares at $8.13, for a total of 1,498 common shares.
Following these exercises, Werth directly holds 5,115 shares of common stock. Footnotes indicate related restricted stock and option grants vest at a rate of 20% per year starting on specified prior dates.
Marathon Bancorp, Inc. has approved a stock repurchase program authorizing the buyback of up to 146,931 shares of common stock, described as approximately 5.0% of current outstanding shares. This is the company’s first repurchase program since its second step conversion and related stock offering completed in April 2025.
Repurchases are expected to begin after the company releases results for the three and nine months ended March 31, 2026. Shares may be repurchased in open market or private transactions, including block trades or trading plans under Rule 10b5-1, and may be subject to Rule 10b-18 limitations. The authorization is discretionary and can be suspended, modified or terminated at any time, and the company is not obligated to repurchase any specific number of shares.
Marathon Bancorp, Inc. is asking stockholders at a May 28, 2026 special meeting to approve its 2026 Equity Incentive Plan. The plan would authorize up to 237,077 shares of common stock for awards, including 169,341 shares for stock options and 67,736 shares for restricted stock or units.
The Board unanimously recommends voting “FOR” the plan, saying it is needed to attract, retain and reward employees and directors and to align pay with stockholder interests, especially following the company’s 2025 second-step mutual‑to‑stock conversion. No new awards will be granted under the 2022 Equity Incentive Plan once the 2026 plan is effective.
As of April 10, 2026, Marathon Bancorp, Inc. had 2,950,136 common shares outstanding. Directors and executive officers as a group beneficially owned 337,983 shares, or 11.3%. The Marathon Bank ESOP Trust held 254,445 shares, or 8.6%.
Marathon Bancorp director Thomas L. Grimm exercised stock options to acquire additional common shares through a trust. On March 20, 2026, options covering 3,599 shares of common stock were exercised at $8.13 per share and 599 shares at $6.48 per share, increasing indirect holdings "By Trust" to 21,994 shares.
Following these transactions, Grimm also holds 2,998 shares directly. The options and related restricted stock and option awards vest at a rate of 20% per year starting on June 28, 2023 and May 16, 2024, indicating these are compensation-related equity grants becoming exercisable over time rather than open-market purchases.