Lake Shore Bancorp 8-K 2012
to Section 13 or 15(d) of the
Date of Report (Date of earliest event reported): May 23, 2012
LAKE SHORE BANCORP, INC.
(Exact name of registrant as specified in its charter)
East Fourth Street, Dunkirk, NY 14048
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:
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 23, 2012, the shareholders of Lake Shore Bancorp, Inc. (the “Company”) approved the Lake Shore Bancorp, Inc. 2012 Equity Incentive Plan (the “Plan”), which provides for the grant of stock-based incentive awards to officers, employees and directors of the Company. The Plan remains subject to the approval of the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”). The Federal Reserve Board, as of the date of the Annual Meeting, is reviewing the Plan. The Plan will not become effective unless we receive approval from the Federal Reserve Board. A description of the material terms of the plan is contained in the Company’s definitive proxy statement for the Annual Meeting of Shareholders filed with the Securities and Exchange Commission on April 11, 2012. A copy of the plan is being filed as Exhibit 10.1.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 23, 2012, the Company held its Annual Meeting of Shareholders, at which time shareholders were asked to consider three proposals, as follows:
The shareholders elected the directors to the terms stated above, approved the Lake Shore Bancorp, Inc. 2012 Equity Incentive Plan and ratified the appointment of ParenteBeard LLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012. The vote tabulation was as follows:
Item 9.01 Financial Statements and Exhibits
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 25, 2012