NorthEast Community Bancorp OKs 2026 equity plan
NorthEast Community Bancorp, Inc. held its annual stockholder meeting on May 21, 2026, where stockholders approved the company’s 2026 Equity Incentive Plan.
Rhea-AI Filing Summary
NorthEast Community Bancorp, Inc. held its annual stockholder meeting on May 21, 2026, where stockholders approved the company’s 2026 Equity Incentive Plan. The plan’s key terms are described in the definitive proxy statement filed on April 10, 2026, and the full plan appears as Appendix A to that proxy.
At the same meeting, stockholders elected directors including Lynette Bennett, Jose M. Collazo, John F. McKenzie, and Joel L. Morgenthau, with several million shares voted “for” each nominee and broker non-votes recorded. Additional proposals received strong “for” support, with detailed vote counts for for, against, abstain, and broker non-votes reported.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.02, 5.07, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
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, or exhibit attachments filed with this report.
Key Figures
Bennett for votes: 8,529,022 shares
Collazo for votes: 8,269,155 shares
McKenzie for votes: 6,866,825 shares
+4 more
7 metrics
Bennett for votes
8,529,022 shares
Votes "for" director nominee Lynette Bennett at May 21, 2026 meeting
Collazo for votes
8,269,155 shares
Votes "for" director nominee Jose M. Collazo at May 21, 2026 meeting
McKenzie for votes
6,866,825 shares
Votes "for" director nominee John F. McKenzie at May 21, 2026 meeting
Morgenthau for votes
8,237,951 shares
Votes "for" director nominee Joel L. Morgenthau at May 21, 2026 meeting
Proposal votes with broker non-votes
8,177,774 for; 553,081 against; 139,307 abstain
Proposal with 2,328,210 broker non-votes at May 21, 2026 meeting
Proposal votes without broker non-votes
10,833,710 for; 138,801 against; 225,861 abstain
Proposal reporting no broker non-votes at May 21, 2026 meeting
Broker non-votes
2,328,210 shares
Broker non-votes reported for certain proposals at annual meeting
Key Terms
2026 Equity Incentive Plan, definitive proxy statement, Schedule 14A, broker non-votes, +1 more
5 terms
2026 Equity Incentive Plan financial
"approved the NorthEast Community Bancorp, Inc. 2026 Equity Incentive Plan (the “Plan”)"
definitive proxy statement regulatory
"summarized on pages 12 through 21 of the Company’s definitive proxy statement on Schedule 14A"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
Schedule 14A regulatory
"definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission"
Schedule 14A is a document that companies file with regulators to share important information with shareholders before a big vote, like approving a merger or election of directors. It matters because it helps investors understand what’s happening so they can make informed decisions about the company’s future.
broker non-votes financial
"There were 2,328,210 broker non-votes on the proposal."
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
Emerging growth company regulatory
"Emerging growth company x"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NECB stockholders approve at the May 21, 2026 annual meeting?
Stockholders approved NorthEast Community Bancorp’s 2026 Equity Incentive Plan at the May 21, 2026 annual meeting. The plan’s material terms appear in the April 10, 2026 definitive proxy statement, with the full text included as Appendix A to that document.
Which directors of NECB were elected at the 2026 annual meeting?
Stockholders elected Lynette Bennett, Jose M. Collazo, John F. McKenzie, and Joel L. Morgenthau as directors. Each nominee received several million “for” votes and some “withheld” votes, with detailed share counts disclosed in the meeting results.
How many votes did NECB director nominees receive in favor at the meeting?
Director nominees received between about 6.9 million and 8.5 million “for” votes each. For example, Lynette Bennett received 8,529,022 “for” votes, while John F. McKenzie received 6,866,825 “for” votes, alongside disclosed “withheld” vote totals.
Were there broker non-votes in NECB’s 2026 stockholder meeting results?
Yes. Certain proposals reported 2,328,210 broker non-votes. Broker non-votes occur when brokers hold shares in street name but do not receive voting instructions for non-routine matters, so those shares are not counted as for, against, or abstain.
Where can investors find details of the NECB 2026 Equity Incentive Plan?
Details are in NorthEast Community Bancorp’s definitive proxy statement on Schedule 14A filed April 10, 2026. The material terms are summarized on pages 12–21, and the complete plan text appears as Appendix A to that proxy statement.
Did NECB identify itself as an emerging growth company in this report?
Yes. NorthEast Community Bancorp marked the emerging growth company box in this report. That status relates to certain scaled disclosure and regulatory accommodations available to qualifying public companies under the Securities Exchange Act of 1934.
AI-generated analysis. How Rhea-AI works. Not financial advice.
