Brief: Stilwell Activist Fund Served Notice To Nominate Timothy J. Andruschat For Election As Lake Shore Bancorp's Director

Lake Shore Bancorp

19/02/2026 11:47

Feb 19 (Reuters) - Lake Shore Bancorp Inc LSBK.O:

STILWELL ACTIVIST FUND LP - SERVED NOTICE OF INTENT TO NOMINATE TIMOTHY J. ANDRUSCHAT FOR ELECTION AS LAKE SHORE BANCORP'S DIRECTOR AT 2026 MEETING

STILWELL ACTIVIST- PROPOSAL CALLING FOR NO ACQUISITION OF ANY FINANCIAL INSTITUTION BY LAKE SHORE UNTIL STOCK CONSISTENTLY TRADES ABOVE BOOK VALUE

STILWELL ACTIVIST- HAD UNPRODUCTIVE MEETING WITH LAKE SHORE BANCORP'S MANAGEMENT, INTEND TO GAIN BOARD REPRESENTATION

STILWELL ACTIVIST- DO NOT BELIEVE VALUE OF LAKE SHORE ASSETS IS ADEQUATELY REFLECTED IN CURRENT MARKET PRICE OF COMMON STOCK

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