Magyar Bancorp (MGYR) investors approve directors, pay and auditor at 2026 meeting

Rhea-AI Filing Summary

Magyar Bancorp, Inc. reported the results of its 2026 Annual Meeting of Stockholders held on February 11, 2026. Stockholders elected Susan Eisenhauer with 2,978,702 votes for and 723,267 withheld, and Maureen Ruane with 2,938,424 votes for and 772,545 withheld, along with 1,052,123 broker non-votes for each nominee.

Stockholders approved, on an advisory and non-binding basis, the compensation of the Company’s named executive officers, with 3,434,822 votes for, 171,510 against, 104,637 abstentions, and 1,052,124 broker non-votes. They also ratified the appointment of US LLP as independent registered public accounting firm for the fiscal year ending September 30, 2026, with 4,628,684 votes for, 71,206 against, and 63,202 abstentions.

8-K Event Classification

2 items: 5.07, 9.01

2 items

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): February 11, 2026

Magyar Bancorp, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware	000-51726	20-4154978
(State or Other Jurisdiction)	(Commission File No.)	(I.R.S. Employer
of Incorporation)		Identification No.)
400 Somerset Street, New Brunswick, New Jersey		08901
(Address of Principal Executive Offices)		(Zip Code)

Registrant's telephone number, including area code: (732) 342-7600

Not Applicable

(Former name or former address, if changed since last report)

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 pursuant to Section 12(b) of the Act:

Title of Each Class		Trading Symbol(s)		Name of Each Exchange on Which Registered
Common Stock, par value $0.01 per share		MGYR		The NASDAQ Stock Market, LLC

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 5.07. Submission of Matters to a Vote of Security Holders

The 2026 Annual Meeting of Stockholders of Magyar Bancorp, Inc. (the “Company”) was held on February 11, 2026 (the “Annual Meeting”). The matters considered and voted on by the Company’s stockholders at the Annual Meeting and the vote of the stockholders were as follows:

Matter 1. The election of Susan Eisenhauer and Maureen Ruane as directors of the Company, each to serve a three-year term and until their successor is elected and qualified.

Nominee	Shares Voted For	Shares Withheld	Broker Non-Votes
Susan Eisenhauer	2,978,702	723,267	1,052,123
Maureen Ruane	2,938,424	772,545	1,052,123

Matter 2. The advisory, non-binding resolution to approve the compensation paid to the Company’s named executive officers.

Shares Voted For	Shares Voted Against	Abstentions	Broker Non-Votes
3,434,822	171,510	104,637	1,052,124

Matter 3. The ratification of the appointment of RSM US LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2026.

Shares Voted For	Shares Voted Against	Abstentions	Broker Non-Votes
4,628,684	71,206	63,202	—

Item 9.01. Financial Statements and Exhibits.

Not applicable.

SIGNATURES

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

		MAGYAR BANCORP, INC.
DATE: February 12, 2026	By:	/s/ John S. Fitzgerald
		John S. Fitzgerald
		President and Chief Executive Officer

FAQ

What did Magyar Bancorp (MGYR) stockholders vote on at the 2026 annual meeting?

Stockholders voted on electing two directors, approving executive compensation on an advisory basis, and ratifying US LLP as independent registered public accounting firm for the fiscal year ending September 30, 2026. All three matters received majority support based on the reported vote totals.

Were Magyar Bancorp (MGYR) director nominees elected at the 2026 annual meeting?

Yes. Susan Eisenhauer received 2,978,702 votes for and 723,267 withheld, while Maureen Ruane received 2,938,424 votes for and 772,545 withheld, each with 1,052,123 broker non-votes. Both nominees secured more votes for than withheld, indicating successful election to three-year terms.

How did Magyar Bancorp (MGYR) shareholders vote on executive compensation in 2026?

Shareholders approved the advisory, non-binding resolution on named executive officer compensation with 3,434,822 votes for, 171,510 against, and 104,637 abstentions, plus 1,052,124 broker non-votes. The strong majority in favor indicates overall support for the company’s current executive pay practices as presented.

Did Magyar Bancorp (MGYR) stockholders ratify the 2026 independent auditor?

Yes. Stockholders ratified the appointment of US LLP as independent registered public accounting firm for the fiscal year ending September 30, 2026, with 4,628,684 votes for, 71,206 against, and 63,202 abstentions. The large margin of approval confirms broad shareholder support for retaining this audit firm.

What are broker non-votes in the Magyar Bancorp (MGYR) 2026 meeting results?

Broker non-votes are shares held in street name where brokers did not receive voting instructions on certain proposals. At this meeting, there were 1,052,123 broker non-votes for each director and 1,052,124 for the say-on-pay proposal. Auditor ratification did not report broker non-votes.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL SCHEMA FILE 2.9 KB
• EX-101 XBRL LABEL FILE 34.1 KB
• EX-101 XBRL PRESENTATION FILE 22.3 KB