Stilwell nominated Board candidate to Lake Shore Bancorp, Inc (LSBK)
Key Summary: On July 31, 2025, Stilwell (9.4%) expressed intent to work with management and the board to enhance shareholder value. On October 6, 2025, Stilwell (9.9%) stated that he intends to seek board representation. On February 18, 2026, Stilwell (9.9%) has nominated Timothy J. Andruschat for election to the Board at the 2026 annual meeting.
Market Cap: $113 million | Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services in New York.
On July 31, 2025, Stilwell (9.4%) stated that he hopes to work with management and the board to maximize shareholder value. Source
On October 6, 2025, Stilwell (9.9%) stated that he intends to seek board representation at the company’s 2026 annual meeting of shareholders. Source
On February 18, 2026, Stilwell (9.9%) has nominated Timothy J. Andruschat for election to the Board at the 2026 annual meeting and submitted a proposal restricting the companyfrom acquiring any financial institution until its stock consistently trades above book value. Source
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