What changed in this filing

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Item 9A. Controls and Procedures

2023-12-15 compared with 2022-12-22 · 54 added, 58 removed, 101 unchanged (53% of the section changed)

Controls and Procedures

Disclosure Controls and Procedures

Under the supervision and with

4 unchanged sentences

Financial Officer concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective.

in Internal Control over Financial Reporting

Changes in Internal Control over

Financial Reporting

There has been no change in Magyar

1 unchanged sentence

affected, or is reasonably likely to materially affect, Magyar Bancorp, Inc.'s internal control over financial reporting.

by Management on Internal Control over Financial Reporting

Report by Management on Internal

Control over Financial Reporting

The management of Magyar Bancorp,

18 unchanged sentences

Other Information

Directors, Executive Officers, and Corporate

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Directors, Executive Officers, and Corporate Governance

Magyar Bancorp, Inc.

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The Code of Ethics, and any amendments to and waivers from the Code of

Ethics, will be posted on the Company’s website

located at www.magbank.com.

A copy of the Code will

be furnished without charge upon written request to the Secretary, Magyar Bancorp, Inc., 400 Somerset Street, New Brunswick, New Jersey.

Ethics, will be posted on the Company’s website located at www.magbank.com.

A copy of the Code will be furnished without charge

upon written request to the Secretary, Magyar Bancorp, Inc., 400 Somerset Street, New Brunswick, New Jersey.

Information concerning directors

7 unchanged sentences

of Directors.”

Security Ownership of Certain Beneficial

Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Information concerning security

ownership of certain owners and management is incorporated herein by reference from our Proxy Statement, specifically the sections captioned

“Voting Securities and Principal Holders Thereof” and “Proposal I - Election of Directors.”

Certain Relationships and Related Transactions,

and Director Independence

“Security Ownership of Certain Beneficial Owners and Management” and “Proposal I - Election of Directors.”

Certain Relationships and Related Transactions, and Director Independence

Information concerning relationships

and transactions is incorporated herein by reference from our Proxy Statement, specifically the section captioned “Transactions

with Certain Related Persons.”

and transactions is incorporated herein by reference from our Proxy Statement, specifically the section captioned “Proposal I -

Election of Directors - Transactions with Certain Related Persons.”

Principal Accountant Fees and Services

1 unchanged sentence

accountant fees and services is incorporated herein by reference from our Proxy Statement, specifically the section captioned “Proposal

II - Ratification of Appointment of Independent Registered Public Accounting Firm.”

II - Ratification of the Appointment of Independent Registered Public Accountants.”

Exhibits and Financial Statement Schedules

of Incorporation of Magyar Bancorp, Inc.

of Magyar Bancorp, Inc.

of Common Stock Certificate of Magyar Bancorp, Inc.

of the Capital Stock of Magyar Bancorp, Inc.

of Employee Stock Ownership Plan (2)

Director Supplemental Retirement Income and Deferred Compensation Agreement for Joseph A.

Certificate of Incorporation of Magyar Bancorp, Inc.

Bylaws of Magyar Bancorp, Inc.

Amendment to Certificate of Incorporation of Magyar Bancorp, Inc.

Form of Common Stock Certificate of Magyar Bancorp, Inc.

Description of the Capital Stock of Magyar Bancorp, Inc.

Form of Employee Stock Ownership Plan (2)

Restated Director Supplemental Retirement Income and Deferred Compensation Agreement for Joseph A.

Yelencsics (4)

Director Supplemental Retirement Income and Deferred Compensation Agreement for Edward C.

Restated Director Supplemental Retirement Income and Deferred Compensation Agreement for Edward C.

Stokes, III (4)

Director Supplemental Retirement Income and Deferred Compensation Agreement for Martin A.

Director Supplemental Retirement Income and Deferred Compensation Agreement for Thomas Lankey (4)

Director Supplemental Retirement Income and Deferred Compensation Agreement for Andrew G.

of Change in Control Agreement for Executive Officers (2)

Supplemental Retirement Income Agreement for John Fitzgerald (4)

Supplemental Retirement Income Agreement for Jon Ansari (4)

Agreement for John Fitzgerald (5)

Restated Director Supplemental Retirement Income and Deferred Compensation Agreement for Thomas Lankey (4)

Restated Director Supplemental Retirement Income and Deferred Compensation Agreement for Andrew G.

Form of Change in Control Agreement for Executive Officers (2)

Executive Supplemental Retirement Income Agreement for John Fitzgerald (4)

Executive Supplemental Retirement Income Agreement for Jon Ansari (4)

Employment Agreement for John Fitzgerald (5)

Employment Agreement for Jon Ansari (9)

in Control Agreement for Peter Brown (5)

Executive Retirement Plan for John Fitzgerald (6)

Executive Retirement Plan for Jon Ansari (6)

Bancorp, Inc.

Change in Control Agreement for Peter Brown (5)

Supplemental Executive Retirement Plan for John Fitzgerald (6)

Supplemental Executive Retirement Plan for Jon Ansari (6)

Magyar Bancorp, Inc.

2022 Equity Incentive Plan (7)

of Registrant (2)

Consent of Experts and Counsel

Certification of Chief Executive Officer pursuant

to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of

Certification of Chief Financial Officer pursuant

to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of

Certification of Chief Executive Officer and

Chief Financial Officer pursuant to 18 U.S.C.

Subsidiaries of Registrant (2)

Consent of S.R.

Snodgrass, P.C.

Consent of RSM US LLP

Certification of Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

Certification of Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C.

Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

The following materials from the Company’s Annual Report on Form 10-K for the year

ended September 30, 2022, formatted in XBRL (Extensible Business Reporting Language):

(i) the Consolidated Balance Sheets, (ii) the Consolidated

Statements of Income, (iii) the Consolidated Statement of Comprehensive Income, (iv) the Consolidated Statements of Changes in Stockholders’

Equity, (v) the Consolidated Statements of Cash Flows and (vi) the Notes to Consolidated Financial Statements.

The following materials from the Company’s Annual Report on Form 10-K for the year ended September 30, 2023, formatted in XBRL (Extensible Business Reporting Language):

(i) the Consolidated Balance Sheets, (ii) the Consolidated Statements of Income, (iii) the Consolidated Statement of Comprehensive Income, (iv) the Consolidated Statements of Changes in Stockholders’ Equity, (v) the Consolidated Statements of Cash Flows and (vi) the Notes to Consolidated Financial Statements.

Inline XBRL Cover Page Interactive Data File

____________________________

Incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed on July 12, 2021 and the Registration

Statement on Form SB-2 of Magyar Bancorp, Inc.

333-128392), originally filed with the Securities and Exchange Commission on

September 16, 2005, as amended.

(1) Incorporated by reference to Exhibit 3.1 to the Registration Statement on Form SB-2 of Magyar Bancorp,

333-128392), originally filed with the Securities and Exchange Commission on September 16, 2005, as amended.

(2) Incorporated by reference to the Registration Statement on Form SB-2 of Magyar Bancorp, Inc.

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(6) Incorporated by reference to the Current Report on Form 8-K of Magyar Bancorp, Inc.

(file no 000-51726), originally

filed with the Securities and Exchange Commission on May 29, 2019.

(file no 000-51726),

originally filed with the Securities and Exchange Commission on May 29, 2019.

(7) Incorporated by reference to Appendix A to the Company’s definitive Proxy Statement (file no.

filed with the SEC on July 18, 2022.

(8) Incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed on July 12, 2021.

(9) Incorporated by reference to the Annual Report on Form 10-K of Magyar Bancorp, Inc.

filed with the Securities and Exchange Commission on December 22, 2022.

Form 10-K Summary

Pursuant to the requirements

of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by

the undersigned, thereunto duly authorized.

of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf

by the undersigned, thereunto duly authorized.

MAGYAR BANCORP, INC.

3 unchanged sentences

Pursuant to the requirements

of the Securities Exchange Act of 1934, this report has been signed by the following persons on behalf of the Registrant and in the capacities

and on the dates indicated.

of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in

the capacities and on the dates indicated.

President and Chief Executive Officer

26 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures