AGM/EGMJul 23, 2026, 05:16 PM
Monroe Federal Bancorp Sets August 24, 2026 Annual Meeting
AI Summary
Monroe Federal Bancorp, Inc. announced its Annual Meeting of Stockholders to be held on August 24, 2026. Key agenda items include the election of one director, Lewis R. Renollet, for a three-year term, and the ratification of Wipfli LLP as the independent registered public accounting firm. Andrew L. Davidson will retire from the Board due to mandatory age limits, leading to a reduction in the Board's size. The proxy statement also details corporate governance practices, director compensation, and stock ownership information.
Key Highlights
- Annual Meeting of Stockholders scheduled for August 24, 2026, at 3:30 p.m. local time.
- Stockholders of record as of June 30, 2026, are eligible to vote at the meeting.
- Lewis R. Renollet nominated for a three-year director term expiring in 2029.
- Andrew L. Davidson to retire from the Board due to mandatory age limit.
- Board of Directors size to be reduced following Mr. Davidson's retirement.
- Stockholders to ratify Wipfli LLP as independent registered public accounting firm for fiscal year ending March 31, 2027.
- Monroe Federal ESOP holds 36,851 shares, representing 6.8% of outstanding common stock.
- All directors and executive officers as a group beneficially own 142,305 shares, or 26.3% of common stock.
Price Impact
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