The 2022 Annual Meeting of Stockholders of Magyar Bancorp,
Inc. (the “Company”) was held on February 16, 2022 (the “Annual Meeting”). The matters considered and voted on
by the Company’s stockholders at the Annual Meeting and the vote of the stockholders were as follows:
The election John S. Fitzgerald, Thomas Lankey and Joseph
A. Yelencsics, as directors of the Company, each to serve a three-year term and until his successor is elected and qualified.
The advisory, non-binding resolution to approve
the compensation paid to the Company’s named executive officers.
The ratification of the appointment of RSM US LLP as the
Company’s independent registered public accounting firm for the fiscal year ending September 30, 2022.
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 16, 2022, director
Martin A. Lukacs retired from the Board of Directors pursuant to a provision of the Company’s bylaws that requires retirement from
the Board at the Annual Meeting immediately following the year in which the Director attains age seventy-five (75).
Financial Statements and Exhibits
Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto
MAGYAR BANCORP, INC.
DATE: February 18, 2022
/s/ John S. Fitzgerald
John S. Fitzgerald
President and Chief Executive Officer
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