Here are the DEF 14A proxy statements from Security Midwest Bancorp (SBMW) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow SBMW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SBMW filings page.
Security Midwest Bancorp, Inc. (SBMW) is soliciting proxies for its 2026 annual stockholders meeting on October 19, 2026 in Springfield, Illinois. Stockholders of record on August 31, 2026 may vote on three proposals: electing three directors, ratifying Wipfli LLP as independent auditor for 2026, and approving the 2026 Equity Incentive Plan.
The proxy describes board structure, independence and committee activity, with eight of nine directors deemed independent under Nasdaq standards. As of August 31, 2026, there were 889,781 common shares outstanding; all directors and executive officers together beneficially owned 146,725 shares, or 16.5%. An ESOP held 62,285 shares, or 7.0%, and other institutional holders owned between 7.0% and 8.6%.
The proposed 2026 Equity Incentive Plan would reserve 124,569 shares, equal to 14% of the shares sold in the mutual-to-stock conversion, split between 35,591 restricted stock/RSU shares (4%) and 88,978 option shares (10%). Initial non-employee director awards are set to self-execute if the plan is approved, vesting over five years. The filing also details 2025 executive pay, director fees, related-party loans of $7.8 million made on market terms, and 2025 audit and other fees paid to Wipfli LLP.