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Such other information regarding the candidate or the stockholder as would be required to be included in our
proxy statement pursuant to Regulation 14A of the Securities and Exchange Commission. |
For a director candidate to be
considered for nomination at an annual meeting of stockholders, the Board of Directors must receive the recommendation at least 120 calendar days before the date of our proxy statement for the previous years annual meeting, advanced by one
year.
Board and Committee Meetings
The business of CFSB Bancorp and Colonial Federal Savings Bank is conducted through meetings and activities of their respective Board of
Directors and committees. During the year ended June 30, 2023, the Board of Directors of CFSB Bancorp held 15 meetings and the Board of Directors of Colonial Federal Savings Bank held 15 meetings. No director attended fewer than 75% of the total
meetings of the Board of Directors and of the committees on which that director served.
Director Attendance at Annual Meeting
While CFSB Bancorp has no formal policy on director attendance at annual meetings of stockholders, directors are encouraged to attend. All
directors attended the annual meeting of stockholders held on February 21, 2023.
Code of Ethics for Senior Officers
We adopted a Code of Ethics for Senior Officers, which includes our principal executive officer and principal financial officer. The Code of
Ethics for Senior Officers addresses conflicts of interest, the treatment of confidential information, and compliance with applicable laws, rules and regulations. In addition, it is designed to deter wrongdoing and promote honest and ethical
conduct, the avoidance of conflicts of interest, full and accurate disclosure and compliance with all applicable laws, rules and regulations. The Code of Ethics for Senior Officers is available in the Corporate Governance portion of the Investor
Relations section of Colonial Federal Savings Banks website (www.colonialfed.com). Any amendments to and waivers from the Code of Ethics for Senior Officers will be disclosed in the Investor Relations section of Colonial Federal Savings
Banks website.
Employee, Officer and Director Hedging
CFSB Bancorp has not adopted a policy regarding the ability of employees, officers, and directors to purchase financial instruments (including
prepaid variable forward contracts, equity swaps, collars, and exchange funds) or otherwise engage in transactions, that hedge or offset, or are designed to hedge or offset, any decrease in the market value of registrant equity securities.
The information provided under this Employee, Officer and Director Hedging section shall not be deemed incorporated by reference into any
filing under the Securities Act or the Exchange Act, except to the extent that CFSB Bancorp specifically incorporates this information by reference.
Delinquent Section 16(a) Reports
Our executive officers and directors and beneficial owners of greater than 10% of the outstanding shares of common stock are required to file
reports with the Securities and Exchange Commission disclosing beneficial ownership and changes in beneficial ownership of our common stock. Securities and Exchange Commission rules require disclosure if an executive officer, director or 10%
beneficial owner fails to file these reports on a timely basis. Based on our review of ownership reports required to be filed during the year ended June 30, 2023, we believe that no executive officer, director or 10% beneficial owner of shares of
Company common stock failed to file an ownership report on a timely basis.
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