Corporate GovernanceJul 31, 2026, 08:53 AM
Citizens Community Bancorp Board Seat Request Under Advisement
AI Summary
Citizens Community Bancorp announced that a stockholder group, including Andrew Schornack, requested a seat on its Board of Directors during a recent meeting. The company noted that its Annual Meeting of Stockholders had just concluded on June 16, 2026, with three Class II directors elected, and there are currently no vacancies on the Board. The request will be taken under advisement and considered by the Board’s Governance and Nomination Committee, with no assurance of approval.
Key Highlights
- Andrew Schornack and other Reporting Persons requested a seat on the Board of Directors.
- The request was made during a bank analyst and investor meeting on July 27, 2026.
- The Company's Annual Meeting of Stockholders was held on June 16, 2026.
- Three Class II directors were elected to terms ending in 2029 at the Annual Meeting.
- There are currently no vacancies on the Board of Directors.
- The request will be taken under advisement by the Board’s Governance and Nomination Committee.
- There is no assurance that the Committee will recommend or the Board will approve the nominee.
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