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SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K × ANNUAL REPORT UNDER SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended September 30 , 2021 OR TRANSITION REPORT UNDER SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Delaware to Commission File Number : 000-51726 Magyar Bancorp , Inc. ( Exact Name of Registrant as Specified in its Charter ) ( State or Other Jurisdiction of Incorporation or Organization ) 400 Somerset Street , New Brunswick , New Jersey ( Address of Principal Executive Office ) Title of Class ( 732 ) 342-7600 20-4154978 ( I.R.S. Employer Identification Number ) ( Issuer's Telephone Number including area code ) Securities Registered Pursuant to Section 12 ( b ) of the Act : Common Stock , par value $ 0.01 per share Trading Symbol ( s ) . MGYR 08901 ( Zip Code ) Name of Each Exchange On Which Registered The NASDAQ Global Market Securities Registered Pursuant to Section 12 ( g ) of the Act : None ( Title of Class ) Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act . Yes No Indicate by check mark whether the registrant : ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act during the preceding twelve months ( or for such shorter period that the registrant was required to file such reports ) and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes > No ☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No □ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of “ large accelerated filer , " " accelerated filer , ” “ smaller reporting company ” and “ emerging growth company " in Rule 12b - 2 of the Exchange Act : Large accelerated filer Non - accelerated filer Emerging growth company ☐ ☐ ☐ Accelerated filer Smaller reporting company ☐ ☑ If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . □ Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes No The aggregate value of the voting stock held by non - affiliates of the registrant , computed by reference to the closing price of the Common Stock as of March 31 , 2021 was $ 79.9 million . As of December 15 , 2021 , there were 7,097,825 outstanding shares of the registrant's Common Stock , DOCUMENTS INCORPORATED BY REFERENCE 1. Proxy Statement for the Annual Meeting of Stockholders to be held on February 16 , 2022 ( Part III )