Company: NSTS
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001437749-25-011792
Chunk: 35

Company: NSTS Bancorp, Inc.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 35
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 Board of Directors, and the Board of Directors has approved, that the audited financial statements be included in the Company’s 2024 Annual Report for filing with the Securities and Exchange Commission.

<div align='center'>This report has been provided by the Audit Committee:

Apolonio Arenas (Chair)

Emily E. Ansani
Rodney J. True</div>

This report shall not be deemed incorporated by reference by any general statement incorporating by reference this proxy statement into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except to the extent that the Company specifically incorporates this information by reference, and shall not otherwise be deemed“soliciting material”or to be“filed”with the Securities and Exchange Commission under such acts.

<div align='center'>PROPOSAL III–CONSIDERATION OF NON-BINDING STOCKHOLDER PROPOSAL RECOMMENDING THE SALE OR MERGER OF THE COMPANY</div>

The Company received the proposal below from a stockholder and has been advised that such stockholder intends to have his representative present the following non-binding proposal at the Annual Meeting. The proposing stockholder, Robert T. Williamson, represented to the Company that he owns at least $25,000 in market value of the Company’s common stock for at least one year, and that he intends to continue to hold such shares through the date of the Annual Meeting. Mr. Williamson’s address is 2809 Baypointe Circle, Tampa, FL 33611. The stockholder’s proposal contains assertions about the Company and other matters that the Company believes are incorrect, but the Company has not attempted to refute those assertions. All statements contained in the resolution and supporting statement below are the sole responsibility of the stockholder and have been reproduced exactly as received by the Company. Neither the Company nor the Board accepts any responsibility for the content of the resolution or the supporting statement, which are included here as required by applicable SEC proxy rules and regulations.

“RESOLVED, that the Stockholders of NSTS Bancorp, Inc. recommend that the Board of Directors engage in an investment banking firm experienced in community bank mergers and acquisitions to guide the Company in promptly taking the reasonable and customary steps to merge or sell NSTS Bancorp, Inc on the best terms available so as to maximize stockholder value.

Supporting Statement

NSTS does not have the size and scale to compete effectively in the 21st century financial world. In fact, a CEO of another