Lake Shore Bancorp (LSBK) Proxy filing summary

Executive summary

• Special Meeting scheduled for February 4, 2025, to vote on the 2025 Equity Incentive Plan.

• Shareholders of record as of December 6, 2024, are eligible to vote; Lake Shore, MHC holds 63.4% of shares.

• Proxy materials are available online, with options for electronic or paper voting.

Voting matters and shareholder proposals

• Main proposal is the approval of the 2025 Equity Incentive Plan; Board recommends voting FOR.

• No other business is currently anticipated at the meeting.

• Shareholder proposals for the 2025 Annual Meeting must be submitted by December 12, 2024.

Board of directors and corporate governance

• Board and employees are committed to company success and shareholder value.

• Directors and executive officers collectively own less than 4% of outstanding shares, with Lake Shore, MHC as the majority holder.