Parke Bancorp (PKBK) Proxy Filing summary

Executive summary

• The 2025 Annual Meeting will be held virtually on April 22, 2025, with shareholders able to vote and ask questions online.

• Shareholders will vote on electing three directors for three-year terms and ratifying the appointment of S.R. Snodgrass, P.C. as independent auditor for 2025.

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

• As of March 12, 2025, there were 11,842,596 shares of common stock outstanding, each with one vote per share.

Voting matters and shareholder proposals

• Proposals include electing three directors and ratifying the independent auditor; no other matters are expected.

• Shareholder proposals for the 2026 meeting must be received by November 21, 2025, for inclusion in proxy materials.

• Shareholders can vote online, by phone, or by mail, and may revoke proxies before or during the meeting.

Board of directors and corporate governance

• The Board consists of eight members divided into three classes, with all non-employee directors deemed independent under Nasdaq rules.

• Board committees include Audit, Compensation, and Nominating, all composed of independent directors.

• The Board met 13 times in 2024, with all directors attending at least 75% of meetings.

• The company has a Code of Ethics and charters for each committee available on its website.

• Board leadership is separated between the CEO and Chairman to enhance oversight and independence.