On June 20, 2016, the boards of directors of MSB Financial Corp. and Millington Bank appointed Lawrence B. Seidman to their respective boards. His term of office will commence on July 1, 2016. He has been appointed to the class of directors, the term of which expires at the 2017 annual meeting. It is expected that Mr. Seidman will be appointed to the compensation committee of the registrant. Mr. Seidman has served as Manager of Seidman and Associates, LLC and related investment groups of Parsippany, New Jersey whose principal business includes investments in financial institutions since 1995.