UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 10, 2022, the shareholders of William Penn Bancorporation (the “Company”) approved the William Penn Bancorporation 2022 Equity Incentive Plan (the “Plan”). The material terms of the Plan are summarized on pages 4 through 16 of the Company’s definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 25, 2022 (the “Proxy Statement”), which description is incorporated herein by reference.
The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan, a copy of which was included as Appendix A to the Proxy Statement and will be filed as an exhibit to the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2022.
| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
The Company held a special meeting of shareholders (the “Special Meeting”) on May 10, 2022. At the Special Meeting, the shareholders of the Company considered and acted upon a proposal to approve the Plan, as disclosed in the Proxy Statement. The final results of the shareholder vote were as follows:
| 1. | Approval of the William Penn Bancorporation 2022 Equity Incentive Plan. |
| FOR | AGAINST | ABSTAIN |
| 8,297,511 | 534,275 | 638,581 |
There were no broker non-votes on the proposal.
| Item 9.01 | Financial Statements and Other Exhibits. |
| (d) | Exhibits | ||
| Number | Description | ||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.
| WILLIAM PENN BANCORPORATION | ||
| Date: May 11, 2022 | By: | /s/ Kenneth J. Stephon |
| Kenneth J. Stephon | ||
| President and Chief Executive Officer |