Affinity Bancshares (AFBI) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held virtually on May 20, 2025, with participation instructions provided to shareholders.

• Shareholders will vote on the election of two directors, ratification of the independent auditor, and an advisory resolution on executive compensation.

• The Board unanimously recommends voting in favor of all proposals.

• Proxy materials and the 2024 Annual Report are available online for review.

Voting matters and shareholder proposals

• Proposals include electing two directors, ratifying Wipfli LLP as auditor for 2025, and an advisory vote on executive compensation.

• Shareholders of record as of April 3, 2025, are eligible to vote.

• Voting can be done by mail, phone, internet, or during the virtual meeting.

• Advance notice requirements and procedures for shareholder proposals and nominations are detailed, with deadlines for the 2026 meeting specified.

Board of directors and corporate governance

• The board consists of eight members divided into three classes, with two nominees up for election to three-year terms.

• All directors except the CEO are independent per Nasdaq standards.

• The board is chaired by an independent director and conducts regular and special meetings, with all directors attending at least 75% of meetings.

• Committees include Audit, Compensation, and Nominating and Corporate Governance, each with written charters available online.

• The board considers diversity, experience, integrity, and independence in director nominations.