Lake Shore Bancorp (LSBK) executive compensation, 2026 proxy

Kim C. Liddell, President and Chief Executive Officer, was paid $1.2M in 2025, up 8% from $1.1M the year before.

Filed
April 7, 2026
Annual meeting
May 20, 2026
Pay year
2025
Named executives
3
CEO total pay
$1.2M+8% vs prior year
CEO pay in equity
9%$98,754 in awards
CEO Base Salary
$604,9952025 base salary
CEO Stock Awards
$98,754Grant date fair value
CEO Non-Equity Incentive
$195,657Annual incentive plan payout
Company Net Income
$7,269,000For fiscal year 2025

How Liddell was paid

$1.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary52%Stock awards9%Non-equity incentive17%All other compensation22%

Named executive officers

ExecutiveTotal
Kim C. LiddellPresident and Chief Executive Officer$1,152,747
Jeffrey M. WerdeinExecutive Vice President, Commercial Division$512,645
Taylor M. GildenChief Financial Officer and Treasurer$444,147

What changed and why

  • $1.2MCEO Kim C. Liddell received total compensation of $1,152,747 for fiscal 2025, compared to $1,068,866 in the prior year.
  • $605KBase salary for the CEO increased to $604,995 from $560,555.
  • Annual incentive payouts for executive officers were based on performance measures established by the Compensation Committee.
  • No stock options were granted to named executive officers during 2025.
  • Restricted stock awards granted in 2025 vest over a four-year period.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.