SECURITY FEDERAL CORP
For the period ended May 9, 2024. Filed Apr 8, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 9, 2024 · Filed Apr 8, 2024
Contents
Cover page
Show cover page
DEF 14A 1 sfdl20240326_def14a.htm FORM DEF 14A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. __)
Filed by the Registrant ☒
Filed by a party other than the Registrant ☐
Check the appropriate box:
| ☐ | Preliminary Proxy Statement |
|---|
| ☐ | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
|---|
| ☒ | Definitive Proxy Statement |
|---|
| ☐ | Definitive Additional Materials |
|---|
| ☐ | Soliciting Material under § 240.14a‑12 |
|---|
SECURITY FEDERAL CORPORATION
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
| ☒ | No fee required. |
|---|
| ☐ | Fee paid previously with preliminary materials |
|---|
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a‑6(i)(1) and 0‑11. |
|---|
Dear Fellow Shareholder:
It is with great pleasure that I invite you to attend Security Federal Corporation’s virtual annual meeting of shareholders, to be held on May 9, 2024 at 11:00 a.m., Eastern Time. The Annual Meeting of Shareholders will again this year be held by means of remote communication only. To register for the annual meeting, email shareholders@securityfederalbank.com or, if you cannot email, call (803) 502‑5603, and provide your name, mailing address, and a valid phone number or email address. If your shares are held in “street name” by a broker, bank or other nominee, you must also provide proof of ownership and the control number found on the voting instruction form. Upon confirmation of registration, you will be provided instructions for attending the annual meeting. Registration for the annual meeting is now open and will close at 5:00 p.m. Eastern Time on May 8, 2024.
A critical aspect of the annual meeting is the shareholder vote on corporate business items. I urge you to exercise your voting rights as a shareholder and participate. All the materials you need to vote via the mail are enclosed in this package. Please look them over carefully and then MARK, DATE, SIGN AND PROMPTLY RETURN YOUR PROXY in the envelope provided so that your shares can be voted at the meeting in accordance with your instructions.
The annual meeting will include management’s report to you on our financial and operating performance for the year ended December 31, 2023, as well as an update on the progress we’ve made in achieving our longer term corporate goals. Please have available the charts on pages 9-14 of the Annual Report to Shareholders. These charts will be discussed by Darrell Rains, Chief Financial Officer, during the meeting. Your Board of Directors and management are committed to the continued success of Security Federal Corporation and to the enhancement of your investment. As your Chairman, I want to express my appreciation for your confidence and support.
Sincerely, /s/Timothy W. Simmons Timothy W. Simmons Chairman
P.O. Box 810
Aiken, South Carolina 29802
(803) 641-3000
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.