Item 5.07Submission of Matters to a Vote of Security Holders
On December 28, 2021, PDL Community Bancorp ("PDL") held a special meeting of
stockholders. The items voted upon at the special meeting and the votes for each
proposal were as follows:
1. The approval of a plan of conversion and reorganization, whereby Ponce Bank
Mutual Holding Company ("Ponce Bank MHC") and PDL Community Bancorp, will
convert and reorganize from the mutual holding company structure to the stock
holding company structure, as more fully described in the attached proxy
statement.
For Against Withhold/Abstain Broker Non-Votes
15,242,314 37,667 3,414
0
2. The approval of the funding of the Ponce De Leon Foundation (the
"Foundation") with a contribution equal to 3% of the shares sold in the
concurrent offering, up to 416,588 shares of common stock at the adjusted
maximum of the shares to be offered, and $1.0 million in cash, for a total
contribution of up to $5.2 million.
For Against Withhold/Abstain Broker Non-Votes
15,036,789 237,850 8,696
0
3. The approval of the adjournment of the special meeting, if necessary, to
solicit additional proxies in the event that there are not sufficient votes at
the time of the special meeting to approve the plan of conversion and
reorganization and/or the funding of the Foundation.
For Against Withhold/Abstain Broker Non-Votes
13,531,362 1,735,033 17.000
0
4. The approval of a provision in Ponce Financial Group, Inc.'s articles of
incorporation requiring a super-majority vote of stockholders to approve certain
amendments to Ponce Financial Group, Inc.'s articles of incorporation.
For Against Withhold/Abstain Broker Non-Votes
12,655,229 2,604,683 23,483
0
5. The approval of a provision in Ponce Financial Group, Inc.'s articles of
incorporation requiring a super-majority vote of stockholders to approve
stockholder-proposed amendments to Ponce Financial Group, Inc.'s bylaws.
For Against Withhold/Abstain Broker Non-Votes
12,651,401 2,608,749 23,184
0
6. The approval of a provision in Ponce Financial Group, Inc.'s articles of
incorporation to limit the voting rights of shares beneficially owned in excess
of 10% of Ponce Financial Group, Inc.'s outstanding voting stock.
For Against Withhold/Abstain Broker Non-Votes
12,702,985 2,554,817 25,533
0
Item 9.01Financial Statements and Exhibits
Exhibits
Exhibit Description
Number
104 Cover Page Interactive Data File (embedded within the Inline XBRL)
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