Northeast Community Bancorp (NECB) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on May 22, 2025, with voting available online, by phone, or by mail for shareholders of record as of April 4, 2025.

• Key business includes electing three directors for three-year terms and ratifying the appointment of S.R. Snodgrass, P.C. as independent auditor for 2025.

• Shareholders can submit questions and vote electronically during the meeting using a unique control number.

Voting matters and shareholder proposals

• Shareholders will vote on the election of three directors and the ratification of the independent auditor.

• The Board recommends voting FOR all director nominees and FOR the auditor ratification.

• Shareholders may submit proposals for the 2026 annual meeting by December 12, 2025, and must follow specific notice requirements for nominations and proposals.

Board of directors and corporate governance

• The Board consists of ten members, with staggered three-year terms; seven are independent under Nasdaq standards.

• The Board has Audit, Compensation, and Nominating/Corporate Governance Committees, all composed of independent directors.

• Corporate governance policies cover director duties, board structure, succession planning, and ongoing education.

• The Nominating Committee considers diversity, experience, and integrity in director nominations and welcomes qualified shareholder recommendations.