Citizens Community Bancorp, Inc. filed a Form 8-K on October 28, 2026, disclosing that its Board of Directors decided not to create a vacancy and will maintain its size at eight directors.

Key Highlights

  • Board size maintained: The Board of Directors decided not to create a vacancy, keeping its membership at eight directors.
  • Decision date: The Board's decision was made on October 22, 2026.
  • Governance committee involvement: The decision was made acting on the recommendation of the Governance and Nomination Committee of the Board of Directors.
  • Stated commitment: The Board stated it "is committed to acting in the best interests of all Company stockholders," consistent with its fiduciary duties.
  • Signed by: The filing was signed by James S. Broucek, Chief Financial Officer, on October 28, 2026.

Citizens Community Bancorp Board Declines to Expand Membership in October 2026

Citizens Community Bancorp, Inc. (NASDAQ:CZWI), a Maryland-incorporated company headquartered at 2174 EastRidge Center, Eau Claire, WI 54701, filed a current report on October 28, 2026, under Item 8.01 (Other Events) of Form 8-K to disclose a board composition decision related to a stockholder nomination matter.

According to the filing, on October 22, 2026, the Board of Directors, acting on the recommendation of the Governance and Nomination Committee, decided not to create a vacancy in the board. The effect of that decision, as disclosed, is that the board will remain at its current size of eight directors. The filing does not identify the stockholder or describe the specific nomination that prompted the board's consideration.

The filing states that the Board of Directors, "consistent with its fiduciary duties," is "committed to acting in the best interests of all Company stockholders." No additional detail regarding the nomination process, the identity of any proposed nominee, or the reasoning behind the committee's recommendation was included in the disclosure. The report was signed by Chief Financial Officer James S. Broucek on behalf of the registrant.

What Was Disclosed

Citizens Community Bancorp reported via an 8-K that its Board of Directors, following a Governance and Nomination Committee recommendation, chose on October 22, 2026, not to create a board vacancy, holding board membership at eight directors.