UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): May 18, 2023

LAKE SHORE BANCORP, inc.

(Exact name of registrant as specified in its charter)

United States

000-51821

20-4729288

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

31 East Fourth Street, Dunkirk, NY 14048

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (716) 366-4070

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.01 per share

LSBK

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07Submission of Matters to a Vote of Security Holders.

On May 17, 2023, the Company held its Annual Meeting of Shareholders, at which time shareholders were asked to consider three proposals, as follows:

1.To elect two (2) directors to the Board of Directors of the Company for a three-year term expiring in 2026;

2.To approve, on an advisory basis, a non-binding resolution regarding the compensation of our named executive officers; and

3.To ratify the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.

The shareholders elected the directors to the terms stated above, approved the non-binding resolution regarding the compensation of our named executive officers and ratified the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.

The vote tabulation was as follows:

1.Election of two (2) directors to serve on the Board of Directors of the Company for a three-year term expiring in 2026.


	Votes For	Votes Withheld	Broker Non-Votes
Michelle M. DeBergalis (2026)	4,500,751	286,903	342,737
Jack L. Mehltretter (2026)	4,508,729	278,925	342,737

2.To approve, on an advisory basis, a non-binding resolution regarding the compensation of our named executive officers.


	Votes For	Votes Against	Votes Abstained		Broker Non-Votes
Number of votes	4,430,466	300,437		56,751	342,737

3.To ratify the appointment of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.





Votes For	Votes Against	Votes Abstained
4,918,847	204,090	7,455

Item 9.01Financial Statements and Exhibits.

(d)Exhibits

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.