Scott J. Dworschak, nominee of Joseph Stilwell secures Board seat at IF Bancorp, Inc (IROQ)
Market Cap: $83 million| IF Bancorp, Inc. operates as the savings and loan holding company for Iroquois Federal Savings and Loan Association that provides a range of banking and financial services to individual and corporate clients.
On Augut 26, 2025, Joseph Stilwell (8.9%) announced his intent to nominate Scott J. Dworschak for election as a director at the upcoming annual meeting of stockholders, with Douglas P. Hutchison as his alternate nominee. Source
On September 11, 2025, Stilwell Activist Investments criticized IROQ’s board for failing to act on last year’s shareholder-approved proposal to sell the bank, accusing it of inaction and incompetence. Stilwell announced it will nominate Scott J. Dworschak to replace long-serving director Alan D. Martin at the upcoming annual meeting. Source
On September 17, 2025, Joseph Stilwell stated that under a Standstill Agreement, nominee Scott J. Dworschak will be appointed to the board, leading to the withdrawal of his election nomination and that of alternate nominee Douglas P. Hutchison Jr. at the 2025 Annual Meeting.
Past
On December 14, 2018, Joseph Stilwell (6.2%) urged management and the board to maximize shareholder value through repurchases of outstanding Common Stock with excess capital. He stated that he would aggressively seek board representation if the company pursued any action that diluted tangible book value per share. Source
On September 24, 2019, Joseph Stilwell reduced his stake to 0.6% stating, that the Board had acted in good faith to maximize shareholder value through share repurchases.
On September 18, 2023, Joseph Stilwell (6.6%) stated that he hopes to work with management and the board to maximize shareholder value. Source
On May 28, 2024, Joseph Stilwell (7.5%) announced the submission of a stockholder proposal to prompt the sale of the company. Further, he stated if the Proposal doesn't result in the prompt sale, the intention is to pursue board representation.
On November 15, 2024, Joseph Stilwell increased his stake to 8.5%
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