M&A - NSTS Bancorp, Inc.

Form Type: DEF 14A

Filing Date: 2025-04-11

Corporate Action: Merger

Type: New

Accession Number: 000143774925011792

Filing Summary: NSTS Bancorp, Inc. has filed a definitive proxy statement for its 2025 Annual Meeting of Stockholders scheduled for May 21, 2025. Key business items include the election of two directors, the ratification of the appointment of Plante & Moran, PLLC as the independent registered public accounting firm for the year ending December 31, 2025, and a non-binding stockholder proposal recommending the engagement of an investment banking firm to advise on a potential merger or sale of the company. The Board unanimously supports the first two proposals but remains neutral on the stockholder proposal. Additionally, electronic delivery of proxy materials aims to reduce costs, with stockholders instructed on how to access their materials online. The mailing of notice regarding the availability of the proxy materials has also commenced, and stockholders are encouraged to participate in voting their shares either online or via mail.

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