# EDGAR Filing Document

**Accession Number:** 0001511291
**File Stem:** 0001398344-25-016345
**Filing Date:** 2025-8
**Character Count:** 16215
**Document Hash:** 2acf6a2bb0c2deea9872b67be3ce16d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-016345.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001398344-25-016345

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**EFFECTIVENESS DATE**: 20250822

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** M3F, Inc.
- **CENTRAL INDEX KEY:** 0001511291

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** UT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14066
- **FILM NUMBER:** 251242280

**BUSINESS ADDRESS:**
- **STREET 1:** 2070 E 2100 S
- **STREET 2:** SUITE 250
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84109
- **BUSINESS PHONE:** 202-246-9200

**MAIL ADDRESS:**
- **STREET 1:** 2070 E 2100 S
- **STREET 2:** SUITE 250
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84109

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001511291

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** M3F, Inc.

**Address:** 2070 E 2100 S, SALT LAKE CITY, UT 84109

**Telephone number:** 202-246-9200

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-14066

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                          | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                        | VOTE CATEGORY                |     SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| HMN FINANCIAL, INC.                     | 40424G108 | 09/12/2024     | Merger-related compensation proposal: Proposal to approve, on an advisory basis (non-binding) basis, the compensation payments that will or may be paid to HMNF named executive officers in connection with the merger. | SECTION 14A SAY-ON-PAY VOTES | 328132           |                0 | FOR         |                         328132           | FOR                         |  |
| PROVIDENT FINANCIAL HOLDINGS, INC.      | 743868101 | 11/21/2024     | Advisory approval of the compensation of our named executive officers as disclosed in this Proxy Statement.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 499700           |                0 | AGAINST     |                         499700           | AGAINST                     |  |
| BM TECHNOLOGIES, INC                    | 05591L107 | 01/03/2025     | To approve, by advisory (non-binding) vote, the compensation that may be paid or become payable to the Company's named executive officers in connection with the consummation of the Merger.                            | SECTION 14A SAY-ON-PAY VOTES | 994401           |                0 | FOR         |                         994401           | FOR                         |  |
| TIMBERLAND BANCORP, INC                 | 887098101 | 01/28/2025     | Advisory (non-binding) approval of the compensation of our named executive officers as disclosed in the proxy statement.                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 197877           |                0 | FOR         |                         197877           | FOR                         |  |
| TIMBERLAND BANCORP, INC                 | 887098101 | 01/28/2025     | Advisory (non-binding) vote on whether an advisory vote on executive compensation should be held every one, two or three years.                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 197877           |                0 | 1 YEAR      |                         197877           | FOR                         |  |
| MAGYAR BANCORP, INC.                    | 55977T208 | 02/20/2025     | An advisory vote (non-binding) on the frequency of stockholder voting on executive compensation.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 433289           |                0 | 1 YEAR      |                         433289           | FOR                         |  |
| MAGYAR BANCORP, INC.                    | 55977T208 | 02/20/2025     | An advisory vote (non-binding) to approve the compensation paid to our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 433289           |                0 | FOR         |                         433289           | FOR                         |  |
| FIRST BUSINESS FINANCIAL SERVICES, INC. | 319390100 | 04/25/2025     | To approve, in a non-binding advisory vote, the compensation of the Company's named executive officers.                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  94618           |                0 | FOR         |                          94618           | FOR                         |  |
| FIRST BUSINESS FINANCIAL SERVICES, INC. | 319390100 | 04/25/2025     | To approve, in a non-binding shareholder advisory vote, the frequency with which shareholders will vote on compensation of the Company's named executive officers.                                                      | SECTION 14A SAY-ON-PAY VOTES |  94618           |                0 | 1 YEAR      |                          94618           | FOR                         |  |
| AIR LEASE CORPORATION                   | 00912X302 | 05/02/2025     | Advisory vote to approved named executive officer compensation.                                                                                                                                                         | SECTION 14A SAY-ON-PAY VOTES | 370350           |                0 | FOR         |                         370350           | FOR                         |  |
| ALERUS FINANCIAL CORPORATION            | 01446U103 | 05/08/2025     | Approve, on a non-binding advisory basis, the compensation paid to our named executive officers.                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 187363           |                0 | FOR         |                         187363           | FOR                         |  |
| ALERUS FINANCIAL CORPORATION            | 01446U103 | 05/08/2025     | Approve, on a non-binding advisory basis, how often we will hold future advisory votes on the compensation paid to our named executive officers.                                                                        | SECTION 14A SAY-ON-PAY VOTES | 187363           |                0 | 1 YEAR      |                         187363           | FOR                         |  |
| EASTERN BANKSHARES, INC.                | 27627N105 | 05/19/2025     | Approve, on an advisory basis, the compensation of our named executive officers.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES | 506098           |                0 | FOR         |                         506098           | FOR                         |  |
| NI HOLDINGS INC                         | 65342T106 | 05/20/2025     | Proposal to approve the compensation of our Named Executive Officers.                                                                                                                                                   | SECTION 14A SAY-ON-PAY VOTES |      1.40984e+06 |                0 | FOR         |                              1.40984e+06 | FOR                         |  |
| PIONEER BANCORP, INC.                   | 723561106 | 05/20/2025     | Approval of a non-binding advisory resolution regarding the compensatoin of Pioneer Bancorp, Inc.'s named executive officers.                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      2.32075e+06 |                0 | FOR         |                              2.32075e+06 | FOR                         |  |
| PIONEER BANCORP, INC.                   | 723561106 | 05/20/2025     | Approval of a non-binding advisory vote as to whether advisory votes on named executive officer compensation should be held every year, every two years or every three years.                                           | SECTION 14A SAY-ON-PAY VOTES |      2.32075e+06 |                0 | 1 YEAR      |                              2.32075e+06 | FOR                         |  |
| CB FINANCIAL SERVICES, INC.             | 12479G101 | 05/21/2025     | Advisory (non-binding) vote to approve the compensation of the Named Executive Officers                                                                                                                                 | SECTION 14A SAY-ON-PAY VOTES |  97549           |                0 | FOR         |                          97549           | FOR                         |  |
| LAKE SHORE BANCORP, INC.                | 510700107 | 05/21/2025     | Approve, on an advisory basis, a non-binding resolution regarding the compensation of our named executive officers.                                                                                                     | SECTION 14A SAY-ON-PAY VOTES | 129125           |                0 | FOR         |                         129125           | FOR                         |  |
| BROOKLINE BANCORP, INC.                 | 11373M107 | 05/21/2025     | A proposal to approve, on a non-binding advisory basis, the compensation that may become payable to the named executive officers of Brookline in connection with the Mergers.                                           | SECTION 14A SAY-ON-PAY VOTES | 481183           |                0 | FOR         |                         481183           | FOR                         |  |
| RHINEBECK BANCORP, INC.                 | 762093102 | 05/21/2025     | The approval, on an advisory (non-binding) basis, of the compensation of our Named Executive Officers as presented in the Proxy Statement.                                                                              | SECTION 14A SAY-ON-PAY VOTES |      1.03e+06    |                0 | FOR         |                              1.03e+06    | FOR                         |  |
| RHINEBECK BANCORP, INC.                 | 762093102 | 05/21/2025     | The approval of the frequency of conducting advisory (non-binding) votes on the compensation of our Named Executive Officers.                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      1.03e+06    |                0 | 1 YEAR      |                              1.03e+06    | FOR                         |  |
| COLUMBIA FINANCIAL, INC.                | 197641103 | 06/05/2025     | To approve, on an advisory (non-binding) basis, the compensation of the Company's named executive officers.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES |    100           |                0 | FOR         |                            100           | FOR                         |  |
| AERSALE CORPORATION                     | 00810F106 | 06/05/2025     | To approve, on and advisory basis, the compensation of our named executive officers.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      3.15501e+06 |                0 | AGAINST     |                              3.15501e+06 | AGAINST                     |  |
| AERSALE CORPORATION                     | 00810F106 | 06/05/2025     | To vote, on an advisory basis, on the frequency of future advisory votes to approve named executive officer compensation.                                                                                               | SECTION 14A SAY-ON-PAY VOTES |      3.15501e+06 |                0 | 1 YEAR      |                              3.15501e+06 | FOR                         |  |
| PONCE FINANCIAL GROUP, INC.             | 732344106 | 06/12/2025     | Approval, on an advisory and non-binding basis, of the compensation of the named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES |      2.34662e+06 |                0 | AGAINST     |                              2.34662e+06 | AGAINST                     |  |
| SWK HOLDINGS CORPORATION                | 78501P203 | 06/13/2025     | Advisory Vote on Compensation of Certain Executives.                                                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 764296           |                0 | FOR         |                         764296           | FOR                         |  |
| OAK VALLEY BANCORP                      | 671807105 | 06/17/2025     | A non-binding advisory resolution to approve the compensation of the Company's named executive officers.                                                                                                                | SECTION 14A SAY-ON-PAY VOTES | 126841           |                0 | FOR         |                         126841           | FOR                         |  |
| OAK VALLEY BANCORP                      | 671807105 | 06/17/2025     | A non-binding advisory vote on the frequency of the advisory vote on the compensation of our named executive officers.                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 126841           |                0 | 1 YEAR      |                         126841           | AGAINST                     |  |
| BROADWAY FINANCIAL CORPORATION          | 111444709 | 06/30/2025     | To cast an advisory (non-binding) vote to approve executive compensation.                                                                                                                                               | SECTION 14A SAY-ON-PAY VOTES | 292829           |                0 | FOR         |                         292829           | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** M3F, Inc.

**By (Signature):** JASON A. STOCK

**By (Printed Signature):** JASON A. STOCK

**By (Title):** MANAGING DIRECTOR

**Date:** 08/19/2025