Lake Shore Bancorp (LSBK) AGM 2025 summary

Opening remarks and agenda

• Meeting commenced with a call to order by the Chairman, followed by introductions of directors and nominees, secretary's report, presentation of proposals, executive management report, vote report, and adjournment.

Board and executive committee updates

• Board includes experienced members with roles in audit, risk, compensation, and governance committees.

• New director nominees and committee assignments were introduced.

Shareholder proposals

• Election of three Class Two directors to serve until the 2028 annual meeting.

• Non-binding "say on pay" proposal for executive compensation.

• Ratification of Yount, Hyde & Barbour, P.C. as independent auditors for 2025.