All proposals are assured passage given MHC's 54.1% voting control. The name change to Greene Bancorp, Inc. is cosmetic and does not affect the GCBC ticker. Monitor the say-on-pay vote outcome for any signal of shareholder discontent, though the strong net income growth suggests high approval.
Price Chart
Executive Summary
Greene County Bancorp filed its definitive proxy statement for the November 7, 2026 annual meeting. The agenda includes the election of two incumbent directors, ratification of Bonadio & Co as auditor, a non-binding say-on-pay vote, and a charter amendment to rename the company to Greene Bancorp, Inc. The mutual holding company (MHC) owns 54.1% of shares and will vote in favor of all proposals, ensuring passage. CEO Donald Gibson's total compensation for FY2026 was $2,138,850, down slightly from $2,164,000 in FY2025, while net income rose to $41.0 million from $31.1 million, showing strong pay-for-performance alignment.
Key Facts
- Annual meeting scheduled for November 7, 2026; record date September 8, 2026
- 17,025,485 shares outstanding; MHC holds 54.1% (9,218,528 shares)
- Proposal 1: Election of directors Christopher Cannucciari and Peter W. Hogan (both incumbents)
- Proposal 2: Ratification of Bonadio & Co, LLP as auditor for FY2027
- Proposal 3: Non-binding advisory vote on executive compensation (say-on-pay)
- Proposal 4: Charter amendment to change company name to Greene Bancorp, Inc.
- CEO Donald Gibson total compensation FY2026: $2,138,850 (salary $750,750, bonus $286,000, non-equity incentive $744,500, other $357,600)
- Net income FY2026: $41.0 million, up from $31.1 million in FY2025
- Cumulative TSR on $100 investment: $117.33 at June 30, 2026, vs $76.31 at June 30, 2025
- Pension plan terminated effective September 30, 2025; obligations fully settled by June 30, 2026
- No shareholder proposals received; no contested director elections
Financial Impact
Routine proxy filing with no material financial impact. CEO compensation aligned with strong net income growth (41.0M vs 31.1M). Name change has no operational or financial effect.
Risk Factors
- No material risks identified; this is a routine annual meeting proxy statement
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEF 14A Filing (Primary) | 0001140361-26-037649 |
| Document: 0001140361-26-037649-index-headers.html | 0001140361-26-037649 |
| Document: 0001140361-26-037649-index.html | 0001140361-26-037649 |
| Document: 0001140361-26-037649.txt | 0001140361-26-037649 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $36.01 | awaiting T+60 | — | $35.75 (−0.72%) |
Oct 22, 2026 4d ago | Press Release | $36.01 | awaiting T+60 | — | $35.75 (−0.72%) |
Oct 21, 2026 5d ago | 8-K | $34.57 | awaiting T+60 | — | $35.75 (+3.41%) |
Oct 21, 2026 5d ago | Press Release | $34.57 | awaiting T+60 | — | $35.75 (+3.41%) |
Sep 25, 2026 4w ago | DEFA14A | $34.46 | awaiting T+60 | — | $35.75 (+3.74%) |
Sep 25, 2026 4w ago | DEF 14A | $34.46 | awaiting T+60 | — | $35.75 (+3.74%) |
Sep 15, 2026 5w ago | 8-K | $36.02 | awaiting T+60 | — | $35.75 (−0.75%) |
Jul 23, 2026 13w ago | 8-K | $32.68 $34.25 | ▲ +4.82% | ▲ +0.27% | $35.75 (+9.41%) |
Jul 22, 2026 13w ago | 8-K | $32.60 $34.25 | ▲ +5.06% | ▲ +1.80% | $35.75 (+9.66%) |
Jun 22, 2026 18w ago | 8-K | $29.09 $36.02 | ▲ +23.82% | ▲ +22.08% | $35.75 (+22.89%) |
US Market Status
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