BROADWAY FINANCIAL CORPORATION (NASDAQ:BYFC) Files An 8-K Submission of Matters to a Vote of Security Holders

BROADWAY FINANCIAL CORPORATION (NASDAQ:BYFC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders

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The Annual Meeting of Stockholders of Broadway Financial Corporation (the “Company”) was held on July25, 2018. Only stockholders of record as of the close of business on May30, 2018, the record date for the Annual Meeting, were entitled to vote at the Annual Meeting. As of the record date, 18,662,402 shares of the Company’s voting stock were outstanding and entitled to vote at the Annual Meeting. The tabulation of the stockholder votes on each proposal brought before the Annual Meeting is as follows:

(1)To elect two directors to serve until the Annual Meeting to be held in the year 2021 or until their successors are elected and have been qualified.

The stockholders re-elected Wayne Bradshaw and Erin Selleck to serve as directors for three-year terms. The number of votes cast with respect to each of these persons was as follows:

For

Withheld

Wayne Bradshaw

13,458,602

11,314

Erin Selleck

13,337,531

132,385

Broker non-votes with respect to this proposal were 2,309,937.

(2)To ratify the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for the year ending December31, 2018.

The stockholders ratified the appointment of Moss Adams LLP as the Company’s independent registered public accounting firm for 2018, with 15,529,549 shares voting “for”, 45,663 shares voting “against” and 204,641 shares abstaining.

No broker non-votes were received with respect to this proposal.

(3)To approve the 2018 long term incentive plan.

The stockholders approved the Company’s 2018 long term incentive plan, with 13,241,643 shares voting “for”, 59,741 shares voting “against” and 168,532 shares abstaining.

Broker non-votes with respect to this proposal were 2,309,937.

(4)To cast an advisory (non-binding) vote on the Company’s executive compensation.

The stockholders approved the Company’s executive compensation, with 13,261,268 shares voting “for”, 28,653 shares voting “against” and 179,995 shares abstaining.

Broker non-votes with respect to this proposal were 2,309,937.


About BROADWAY FINANCIAL CORPORATION (NASDAQ:BYFC)

Broadway Financial Corporation is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal Bank, f.s.b. (the Bank). The Bank is a community-oriented savings institution. The Bank’s business consists of deposits from the general public and using such deposits, together with borrowings and other funds, to make mortgage loans secured by residential properties with over five or more units (multi-family); commercial real estate, and residential properties with one-to four-units (single family). Its loan portfolio consists of mortgage loans, which are secured by single family residential properties; multi-family properties, and commercial real estate, including churches. Its deposits consist of passbook savings accounts, checking accounts, negotiable order of withdrawal (NOW) accounts, money market accounts and fixed-term certificates of deposit.

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