Northeast Community Bancorp (NECB) Proxy filing summary

Executive summary

• The annual meeting will be held virtually on May 21, 2026, with voting available online, by phone, or by mail for shareholders of record as of April 2, 2026.

• Key proposals include electing four directors for three-year terms, approving the 2026 Equity Incentive Plan, and ratifying the appointment of S.R. Snodgrass, P.C. as independent auditor for 2026.

• The Board recommends voting in favor of all proposals and has provided detailed instructions for proxy voting and revocation.

Voting matters and shareholder proposals

• Four directors are nominated for election to serve three-year terms; all are current directors.

• Shareholders will vote on the 2026 Equity Incentive Plan, which adds 185,000 shares to the pool for equity awards.

• Ratification of S.R. Snodgrass, P.C. as independent auditor for 2026 is up for approval.

• Shareholder proposals for the 2027 meeting must be received by December 11, 2026.

Board of directors and corporate governance

• The Board consists of ten members, with a majority independent; three are executive officers.

• Committees include Audit, Compensation, and Nominating/Corporate Governance, all with independent members.

• The Board reviews governance policies regularly and has adopted a Code of Ethics and Business Conduct.

• The Nominating/Corporate Governance Committee considers diversity, experience, and integrity in director nominations.