Company: CFBK
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000950170-25-060182
Chunk: 51

Company: CF BANKSHARES INC.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 51
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 votes cast is required to approve, on a non-binding advisory basis, one of the selections as to the frequency of future stockholder advisory votes on the compensation of the Company’s named executive officers. Abstentions and broker non-votes will not be counted as votes cast with respect to any of the selections and will have no effect on the outcome of this proposal.

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The Board of Directors recommends holding an advisory vote for the approval of the compensation of the Company’s named executive officers every “1 YEAR.”

<div align='center'>PROPOSAL 4 –

RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

The appointment of the Company’s independent registered public accounting firm is made annually by the Audit Committee. The Audit Committee, with the approval of the Board of Directors, has appointed Plante & Moran, PLLC ("Plante Moran") to serve as the Company’s independent registered public accounting firm for 2025, subject to ratification by stockholders.

Forvis Mazars, LLP ("Forvis Mazars") audited the Company's consolidated financial statements as of and for the fiscal year ended December 31, 2024, and the effectiveness of the Company's internal control over financial reporting as of December 31, 2024. See "AUDIT COMMITTEE MATTERS" below for additional information regarding the change in the Company's independent registered public accounting firm.

One or more representatives of Plante Moran is expected to be present at the Meeting to respond to appropriate questions from stockholders and will have the opportunity to make a statement should he, she or they desire to do so.

Under the Bylaws, the affirmative vote of a majority of the votes cast is required to ratify the appointment of Plante Moran as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. Abstentions will not be counted as votes “FOR” or “AGAINST” this proposal and will have no effect on the outcome of this proposal. Even if the appointment of Plante & Moran, PLLC is ratified by the stockholders, the Audit Committee, in its discretion, could decide to engage another firm if the Audit Committee determines such action is necessary or desirable. If the appointment of Plante Moran is not ratified, the Audit Committee will reconsider the appointment (but may decide to maintain the appointment).

The Board of Directors recommends that you vote “FOR” Proposal 4.

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