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                <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Registration No. 333-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
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    <div style="text-align: center; font-weight: bold;"> <br>
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    <div style="text-align: center; font-weight: bold;">As filed with the Securities and Exchange Commission on August 26, 2022</div>
    <div style="text-align: center; font-weight: bold;"> <br>
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    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">UNITED STATES</font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">Washington, D.C.&#160; 20549</font></div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 8pt;">_________________________</div>
    <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 8pt;"> <br>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">FORM S-8</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">REGISTRATION STATEMENT</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">UNDER</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">THE SECURITIES ACT OF 1933 </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"> <br>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Magyar Bancorp, Inc.</div>
    <div style="text-align: center; font-size: 8pt;">(Exact Name of Registrant as Specified in its Charter)</div>
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    <table cellspacing="0" cellpadding="0" id="z2adceb4bd826413b85c1f53b4417ac53" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <div style="text-align: center; font-size: 12pt; font-weight: bold;">Delaware</div>
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            <div style="text-align: center; font-size: 12pt; font-weight: bold;">20-4154978</div>
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            <div style="text-align: center; font-size: 8pt;">(State or Other Jurisdiction of Incorporation or Organization)</div>
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          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-size: 8pt;">(I.R.S. Employer Identification No.)</div>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">400 Somerset Street</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">New Brunswick, New Jersey 08901</div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-size: 8pt;">(Address of Principal Executive Offices)</font><font style="font-weight: bold;"></font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: center; font-size: 12pt;"><font style="font-weight: bold;">Magyar Bancorp, Inc. 2022 Equity Incentive Plan</font></div>
    <div style="text-align: center; font-size: 8pt;">(Full Title of the Plan)</div>
    <div style="text-align: center; font-size: 8pt;"> <br>
    </div>
    <div style="text-align: center;">Copies to:</div>
    <table cellspacing="0" cellpadding="0" id="z5080d2f9d9e44603a2b0e08267796069" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

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            <div style="text-align: center;">John S. Fitzgerald</div>
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          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">John J. Gorman, Esq.</div>
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            <div style="text-align: center;">President and Chief Executive Officer</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">Steven T. Lanter, Esq.</div>
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            <div style="text-align: center;">Magyar Bancorp, Inc.</div>
          </td>
          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">Luse Gorman, PC</div>
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            <div style="text-align: center;">400 Somerset Street</div>
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            <div style="text-align: center;">5335 Wisconsin Ave., N.W., Suite 780</div>
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            <div style="text-align: center;">New Brunswick, New Jersey 08901</div>
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          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
          <td style="width: 47.32%; vertical-align: top;">
            <div style="text-align: center;">Washington, DC 20015-2035</div>
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            <div style="text-align: center;">(732) 342-7600</div>
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          <td style="width: 5.34%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center;">(202) 274-2000</div>
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            <div style="text-align: center;">(Name, Address and Telephone</div>
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            <div style="text-align: center;">Number of Agent for Service)</div>
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    <div>Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an
      emerging growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting company&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;):</div>
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            <div>Large accelerated filer &#9744;</div>
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          <td style="width: 33.34%; vertical-align: top;">
            <div>Accelerated filer &#9744;</div>
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          <td style="width: 66.66%; vertical-align: top;">
            <div>Non-accelerated filer&#160; &#8999;</div>
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          <td style="width: 33.34%; vertical-align: top;">
            <div>Smaller reporting company &#8999;</div>
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          <td style="width: 66.66%; vertical-align: top;">
            <div>Emerging growth company &#9744;</div>
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          <td style="width: 33.34%; vertical-align: top;">&#160;</td>
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    <div>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 7(a)(2)(B) of the Securities Act, as amended (the &#8220;Securities Act&#8221;).&#160; &#9744;</div>
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    <div><font style="font-weight: bold;">PART I.</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> </font><font style="font-weight: bold;">INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</font></div>
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    <div style="margin-bottom: 12pt;"><font style="font-weight: bold;">Items 1 and 2.</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> </font><font style="font-weight: bold;">Plan Information; and Registrant Information and Employee Plan Annual Information</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">The documents containing the information specified in Part I of Form S-8 have been or will be sent or given to
      participants in the Plan as specified by Rule 428(b)(1) promulgated by the Securities and Exchange Commission (the &#8220;Commission&#8221;) under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;).</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Such documents are not being filed with the Commission but constitute (along with the documents incorporated by
      reference into this Registration Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.</div>
    <div style="margin-bottom: 12pt;"><font style="font-weight: bold;">PART II.</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> </font><font style="font-weight: bold;">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></div>
    <div style="margin-bottom: 12pt;"><font style="font-weight: bold;">Item 3.</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> </font><font style="font-weight: bold;">Incorporation of Documents by Reference</font></div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">The following documents previously
        filed by Magyar Bancorp, Inc. (the &#8220;Company&#8221;) with the Commission under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), are incorporated herein by reference (other than any such documents or portions thereof that are furnished
        under Item 2.02 or Item 7.01 of Form&#160;8-K,&#160;unless otherwise indicated therein, including any exhibits included with such Items):</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(a)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The Company&#8217;s Annual Report on <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000117494721001150/0001174947-21-001150-index.html">Form
          10-K for the year ending September 30, 2021, filed with the Commission on December 20, 2021</a> (Commission File No. 000-51726) (including information specifically
          incorporated by reference therein from the <a href="https://www.sec.gov/Archives/edgar/data/1337068/000117494722000028/def14a-27134_mgyr.htm">Company&#8217;s definitive proxy statement on Schedule 14A, filed on January 6, 2022</a>);</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(b)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The Company&#8217;s Quarterly Report on <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000117494722000234/0001174947-22-000234-index.html">Form
          10-Q for the quarter ended December 31, 2021, filed with the Commission on February 11, 2022</a>, the Company&#8217;s Quarterly Report on <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000117494722000680/0001174947-22-000680-index.html">Form
          10-Q for the quarter ended March 31, 2022, filed with the Commission on May 12, 2022</a>, and the Company&#8217;s Quarterly Report on <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000117494722000957/0001174947-22-000957-index.html">Form 10-Q for the quarter ended June 30, 2022, filed with the Commission on August 15, 2022</a> (Commission File No. for all
        000-51726);</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(c)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The Company&#8217;s definitive proxy statement on <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000110465922080425/0001104659-22-080425-index.html">Schedule 14A, filed on July 18, 2022</a> (File No. 000-51726);</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(d)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The Company&#8217;s Current Reports on <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000117494722000076/0001174947-22-000076-index.html">Form
          8-K filed with the Commission on January 27, 2022</a>, <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000117494722000257/0001174947-22-000257-index.html">February 18, 2022</a>, <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000117494722000533/0001174947-22-000533-index.html">April 21, 2022</a>, <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000117494722000834/0001174947-22-000834-index.html">July
          21, 2022</a>, and <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000117494722000851/0001174947-22-000851-index.html">July 26, 2022</a> (filed portion only) (Commission File No. for all 000-51726); and</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">(e)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The description of the Company&#8217;s common stock contained in the Registration Statement on <a href="https://www.sec.gov/Archives/edgar/data/0001337068/000094337406000057/0000943374-06-000057-index.html">Form 8-A filed with the Commission on January 13, 2006</a>&#160;(Commission
        File No. 000-51726),<font style="font-weight: bold;">&#160;</font>as updated by the description of our common
          stock contained in <a href="https://www.sec.gov/Archives/edgar/data/1337068/000117494721001150/ex4-2.htm">Exhibit 4.2 to the Form 10-K</a><a href="https://www.sec.gov/Archives/edgar/data/1337068/000117494721001150/ex4-2.htm"> for the
          fiscal year ended September 30, 2021 filed with the Commission on December 20, 2021</a> (Commission File No. for all 000-51726), and including any subsequent amendments
          or reports filed for the purpose of updating such description.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">All documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d)
      of the Exchange Act, after the date hereof, and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed
      incorporated by reference into this Registration Statement and to be a part thereof from the date of the filing of such documents.&#160; Any statement contained in the documents incorporated, or deemed to be incorporated, by reference herein or therein
      shall be deemed to be modified or superseded for purposes of this Registration Statement and the prospectus to the extent that a statement contained herein or therein or in any other subsequently filed document which also is, or is deemed to be,
      incorporated by reference herein or therein modifies or supersedes such statement.&#160; Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement and the
      prospectus.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"> <br>
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    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">All information appearing in this Registration Statement and the prospectus is qualified in its entirety by the
      detailed information, including financial statements, appearing in the documents incorporated herein or therein by reference.</div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Item 4.&#160; Description of Securities</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">Not applicable.</div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Item 5.&#160; Interests of Named Experts and Counsel</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">None.</div>
    <div style="margin-bottom: 12pt; font-weight: bold;">Item 6.&#160;&#160;Indemnification of Directors and Officers</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Section 145 of the Delaware General Corporation Law (&#8220;DGCL&#8221;), inter alia, empowers a Delaware corporation to
      indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of
      the corporation), by reason of the fact that such person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, or
      other enterprise, against expenses (including attorneys&#8217; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in
      a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person&#8217;s conduct was unlawful. Similar indemnity
      is authorized for such person against expenses (including attorneys&#8217; fees) actually and reasonably incurred in connection with the defense or settlement of any such threatened, pending or completed action or suit if such person acted in good faith
      and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and provided further that (unless a court of competent jurisdiction otherwise provides) such person shall not have been adjudged liable to the
      corporation. Any such indemnification may be made only as authorized in each specific case upon a determination by the shareholders or disinterested directors or by independent legal counsel in a written opinion that indemnification is proper because
      the indemnitee has met the applicable standard of conduct.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Any such indemnification and advancement of expenses provided under Section 145 shall continue as to a person who
      has ceased to be a director, officer, employee or agent and shall inure to the benefit of such person's heirs, executors and administrators.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">Section 145 further authorizes a corporation to purchase and maintain insurance on behalf of any person who is or
      was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or enterprise, against any liability asserted against him, and
      incurred by him in any such capacity, or arising out of his status as such, whether or not the corporation would otherwise have the power to indemnify him under Section 145.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">In accordance with the DGCL (being Chapter 1 of Title 8 of the Delaware Code), Articles 9 and 10 of the Company&#8217;s
      Certificate of Incorporation provide as follows:</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">NINTH:</div>
    <div>
      <div style="text-indent: 36pt; margin-top: 6pt;">A.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>Each person who was or is made a party or is threatened to be made a party to or is otherwise involved in any action, suit or proceeding, whether
          civil, criminal, administrative or investigative (hereinafter a &#8220;proceeding&#8221;), by reason of the fact that he or she is or was a Director or an Officer of the Corporation or is or was serving at the request of the Corporation as a Director,
          Officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to an employee benefit plan (hereinafter an &#8220;indemnitee&#8221;), whether the basis of such proceeding is
          alleged action in an official capacity as a Director, Officer, employee or agent or in any other capacity while serving as a Director, Officer, employee or agent, shall be indemnified and held harmless by the Corporation to the fullest extent
          authorized by the Delaware General Corporation Law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Corporation to provide broader indemnification rights
          than such law permitted the Corporation to provide prior to such amendment), against all expense, liability and loss (including attorneys&#8217; fees, judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement) reasonably incurred
          or suffered by such indemnitee in connection therewith; provided, however, that, except as provided in Section C hereof with respect to proceedings to enforce rights to indemnification, the Corporation shall indemnify any such indemnitee in
          connection with a proceeding (or part thereof) initiated by such indemnitee only if such proceeding (or part thereof) was authorized by the Board of Directors of the Corporation.</div>
      <div style="text-indent: 36pt; margin-top: 6pt;"> <br>
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      <div style="text-indent: 36pt; margin-top: 6pt;">B.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The right to indemnification conferred in Section A of this Article NINTH shall include the right to be paid by the Corporation the expenses
          incurred in defending any such proceeding in advance of its final disposition (hereinafter an &#8220;advancement of expenses&#8221;); provided, however, that, if the Delaware General Corporation Law requires an advancement of expenses incurred by an
          indemnitee in his or her capacity as a Director of Officer (and not in any other capacity in which service was or is rendered by such indemnitee, including, without limitation, service to an employee benefit plan) indemnification shall be made
          only upon delivery to the Corporation of an undertaking (hereinafter an &#8220;undertaking&#8221;), by or on behalf of such indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no
          further right to appeal (hereinafter a &#8220;final adjudication&#8221;) that such indemnitee is not entitled to be indemnified for such expenses under this Section or otherwise. The rights to indemnification and to the advancement of expenses conferred in
          Sections A and B of this Article NINTH shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a Director, Officer, employee or agent and shall inure to the benefit of the indemnitee&#8217;s heirs, executors and
          administrators.</div>
      <div style="text-indent: 36pt; margin-top: 6pt;">C<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>.If a claim under Section A or B of this Article NINTH is not paid in full by the Corporation within sixty days after a written claim has been received by
          the Corporation, except in the case of a claim for an advancement of expenses, in which case the applicable period shall be twenty days, the indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of
          the claim. If successful in whole or in part in any such suit, or in a suit brought by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee also shall be entitled to be paid the expense of
          prosecuting or defending such suit. In (i)&#160;any suit brought by the indemnitee to enforce a right to indemnification hereunder (but not in a suit brought by the indemnitee to enforce a right to an advancement of expenses) it shall be a defense
          that, and (ii)&#160;in any suit by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking the Corporation shall be entitled to recover such expenses upon a final adjudication that, the indemnitee has not met any
          applicable standard for indemnification set forth in the Delaware General Corporation Law. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to have made a determination
          prior to the commencement of such suit that indemnification of the indemnitee is proper in the circumstances because the indemnitee has met the applicable standard of conduct set forth in the Delaware General Corporation Law, nor an actual
          determination by the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) that the indemnitee has not met such applicable standard of conduct, shall create a presumption that the indemnitee has not met
          the applicable standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense to such suit. In any suit brought by the indemnitee to enforce a right to indemnification or to an advancement of expenses hereunder, or by
          the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee is not entitled to be indemnified, or to such advancement of expenses, under this Article NINTH or otherwise
          shall be on the Corporation.</div>
    </div>
    <div>
      <div style="font-size: 8pt;">&#160;</div>
    </div>
    <div>
      <div style="text-indent: 36pt;">D.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The rights to indemnification and to the advancement of expenses conferred in this Article NINTH shall not be exclusive of any other right which any person may have or
          hereafter acquire under any statute, the Corporation&#8217;s Certificate of Incorporation, Bylaws, agreement, vote of stockholders or disinterested Directors or otherwise.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-indent: 36pt;">E.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The Corporation may maintain insurance, at its expense, to protect itself and any Director, Officer, employee or agent of the Corporation or another corporation, partnership,
          joint venture, trust or other enterprise against any expense, liability or loss, whether or not the Corporation would have the power to indemnify such person against such expense, liability or loss under the Delaware General Corporation Law.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-indent: 36pt;">F.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The Corporation may, to the extent authorized from time to time by the Board of Directors, grant rights to indemnification and to the advancement of expenses to any employee
          or agent of the Corporation to the fullest extent of the provisions of this Article NINTH with respect to the indemnification and advancement of expenses of Directors and Officers of the Corporation.</div>
    </div>
    <div>
      <div><br>
      </div>
      <div style="text-indent: 24.5pt;">TENTH: A Director of this Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for
        breach of fiduciary duty as a Director, except for liability (i)&#160;for any breach of the Director&#8217;s duty of loyalty to the Corporation or its stockholders, (ii)&#160;for acts or omissions not in good faith or which involve intentional misconduct or a
        knowing violation of law, (iii)&#160;under Section&#160;174 of the Delaware General Corporation Law, or (iv)&#160;for any transaction from which the Director derived an improper personal benefit. If the Delaware General Corporation Law is amended to authorize
        corporate action further eliminating or limiting the personal liability of Directors, then the liability of a Director of the Corporation shall be eliminated or limited to the fullest extent permitted by the Delaware General Corporation Law, as so
        amended.</div>
      <div style="text-indent: 24.5pt;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after: always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-indent: 24.5pt;">Any repeal or modification of the foregoing paragraph by the stockholders of the Corporation shall not adversely affect any right or
        protection of a Director of the Corporation existing at the time of such repeal or modification.</div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; font-weight: bold;">Item 7.&#160;&#160;Exemption From Registration Claimed</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">Not applicable.</div>
    <div style="font-weight: bold;">Item 8.&#160; List of Exhibits.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="zd2179fa7e84a43fa9e057883fcf35cb7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 10%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Regulation S-K</div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Exhibit Number</div>
          </td>
          <td style="width: 2%; vertical-align: bottom;">&#160;</td>
          <td style="width: 74.16%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div>Document</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="https://www.sec.gov/Archives/edgar/data/1337068/000118811205001668/tex4-7609.txt">4</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div style="text-align: justify;">Form of Common Stock Certificate (incorporated by reference to Exhibit 4 to the Registration Statement on Form SB-2, as amended (File No.
              333-128392), originally filed on September 16, 2005, as amended)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="ex5.htm">5</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div>Opinion of Luse Gorman, PC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="https://www.sec.gov/Archives/edgar/data/1337068/000110465922080425/tm2221043d1_def14a.htm">10.1</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div style="text-align: justify;">Magyar Bancorp, Inc. 2022 Equity Incentive Plan (incorporated by reference to Appendix A to the proxy statement for the Special Meeting of
              Stockholders (File No. 000-51726), filed under the Exchange Act on July 18, 2022)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="ex10-2.htm">10.2</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div>Form of Restricted Stock Award Agreement</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="ex10-3.htm">10.3</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div>Form of Incentive Stock Option Award Agreement</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="ex10-4.htm">10.4</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div>Form of Non-Qualified Stock Option Award Agreement</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="ex5.htm">23.1</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div>Consent of Luse Gorman, PC (contained in Exhibit 5)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="ex23-2.htm">23.2</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div>Consent of RSM US LLP (Independent Registered Public Accounting Firm)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="#POWEROFATTORNEY">24</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div>Power of Attorney (contained on signature page)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;"><a href="ex-107.htm">107</a></div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 74.16%; vertical-align: top;">
            <div>Filing Fee Table</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: -18pt; margin-left: 18pt; margin-bottom: 12pt; font-weight: bold;">Item 9.&#160;&#160;Undertakings</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">The undersigned registrant hereby undertakes:</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">1.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>To file, during any period in which offers or sales are being made, a post-effective amendment to the Registration Statement:</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">(i)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">(ii)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
        post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement.&#160; Notwithstanding the foregoing, any increase or decrease in volume of securities
        offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the
        Commission pursuant to Rule 424(b) (section 230.424(b)) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fees&#8221; table in the
        effective registration statement;</div>
    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;"> <br>
      </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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    <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt;">(iii)<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any
        material change to such information in this Registration Statement;</div>
    <div style="text-align: justify; margin-bottom: 12pt;"><font style="font-style: italic;">provided, however</font>, that
      paragraphs 1(i) and 1(ii) above do not apply if the information required to be included in a post-effective amendment by these paragraphs is contained in reports filed with or furnished to the Commission by the Corporation pursuant to Section 13 or
      Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">2.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new
        registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <font style="font-style: italic;">bona
          fide</font> offering thereof;</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">3.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of
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    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">4.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the
        registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in
        the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof; and</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;">5.<font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font>Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the
        registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.&#160;
        In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action,
        suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
        submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</div>
    <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after:always;">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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    <div style="text-align: center;"><font style="font-weight: bold;">SIGNATURES</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;"><font style="font-weight: bold;">The Registrant.</font>&#160;
      Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to
      be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New Brunswick, State of New Jersey, on August 26, 2022.</div>
    <table cellspacing="0" cellpadding="0" id="z9cb112a7f7474f4e8d45142ee8644c9e" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 44.94%; vertical-align: top;">&#160;</td>
          <td style="width: 10.14%; vertical-align: top;">&#160;</td>
          <td style="width: 44.92%; vertical-align: top;">
            <div style="text-align: justify; font-weight: bold;">MAGYAR BANCORP, INC.</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.94%; vertical-align: top;">&#160;</td>
          <td style="width: 10.14%; vertical-align: top;">
            <div style="text-align: right;">By:&#160;&#160; <br>
            </div>
          </td>
          <td style="width: 44.92%; vertical-align: top;">
            <div style="text-align: justify;"><u>/s/ John S. Fitzgerald</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.94%; vertical-align: top;">&#160;</td>
          <td style="width: 10.14%; vertical-align: top;">&#160;</td>
          <td style="width: 44.92%; vertical-align: top;">
            <div style="text-align: justify;">John S. Fitzgerald</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.94%; vertical-align: top;">&#160;</td>
          <td style="width: 10.14%; vertical-align: top;">&#160;</td>
          <td style="width: 44.92%; vertical-align: top;">
            <div style="text-align: justify;">President and Chief Executive Officer</div>
          </td>
        </tr>
        <tr>
          <td style="width: 44.94%; vertical-align: top;">&#160;</td>
          <td style="width: 10.14%; vertical-align: top;">&#160;</td>
          <td style="width: 44.92%; vertical-align: top;">
            <div style="text-align: justify;">(Duly Authorized Representative)</div>
          </td>
        </tr>

    </table>
    <div><br>
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    <div style="text-align: center; font-weight: bold;"><a name="POWEROFATTORNEY"><!--Anchor--></a>POWER OF ATTORNEY</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">We, the undersigned directors and officers of Magyar Bancorp, Inc. (the &#8220;Company&#8221;) hereby severally constitute and
      appoint John S. Fitzgerald, as our true and lawful attorney and agent, to do any and all things in our names in the capacities indicated below which said John S. Fitzgerald may deem necessary or advisable to enable the Company to comply with the
      Securities Act of 1933, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with the registration of shares of common stock to be granted and shares of common stock to be issued upon the
      exercise of stock options to be granted under the Magyar Bancorp, Inc. 2022 Equity Incentive Plan, including specifically, but not limited to, power and authority to sign for us in our names in the capacities indicated below the registration
      statement and any and all amendments (including post-effective amendments) thereto; and we hereby approve, ratify and confirm all that said John S. Fitzgerald shall do or cause to be done by virtue thereof.</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by
      the following persons in the capacities and on the date indicated.</div>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Signatures</div>
          </td>
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          <td style="width: 33.85%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Title</div>
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          <td style="width: 29.12%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">Date</div>
          </td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
          <td style="width: 33.85%; vertical-align: top;">&#160;</td>
          <td style="width: 3.96%; vertical-align: top;">&#160;</td>
          <td style="width: 29.12%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 29.14%; vertical-align: top;">&#160;</td>
          <td style="width: 3.94%; vertical-align: top;">&#160;</td>
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{"company-data": {"conformed-name": "Magyar Bancorp, Inc.", "cik": "0001337068", "assigned-sic": "6035", "irs-number": "204154978", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-267102", "film-number": "221205467"}, "business-address": {"street1": "400 SOMERSET STREET", "city": "NEW BRUNSWICK", "state": "NJ", "zip": "08901", "phone": "732-249-2438"}, "mail-address": {"street1": "400 SOMERSET STREET", "city": "NEW BRUNSWICK", "state": "NJ", "zip": "08901"}}
Registration No. 333-
As filed with the Securities and Exchange Commission on August 26, 2022
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
_________________________
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Magyar Bancorp, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware
20-4154978
(State or Other Jurisdiction of Incorporation or Organization)
(I.R.S. Employer Identification No.)
400 Somerset Street
New Brunswick, New Jersey 08901
(Address of Principal Executive Offices)
Magyar Bancorp, Inc. 2022 Equity Incentive Plan
(Full Title of the Plan)
Copies to:
John S. Fitzgerald
John J. Gorman, Esq.
President and Chief Executive Officer
Steven T. Lanter, Esq.
Magyar Bancorp, Inc.
Luse Gorman, PC
400 Somerset Street
5335 Wisconsin Ave., N.W., Suite 780
New Brunswick, New Jersey 08901
Washington, DC 20015-2035
(732) 342-7600
(202) 274-2000
(Name, Address and Telephone
Number of Agent for Service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, 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 Securities Exchange Act of 1934, as amended (the "Exchange Act"):
Large accelerated filer ☐
Accelerated filer ☐
Non-accelerated filer  ⌧
Smaller reporting company ⌧
Emerging growth 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 7(a)(2)(B) of the Securities Act, as amended (the "Securities Act").  ☐
PART I.
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
Items 1 and 2.
Plan Information; and Registrant Information and Employee Plan Annual Information
The documents containing the information specified in Part I of Form S-8 have been or will be sent or given to
      participants in the Plan as specified by Rule 428(b)(1) promulgated by the Securities and Exchange Commission (the "Commission") under the Securities Act of 1933, as amended (the "Securities Act").
Such documents are not being filed with the Commission but constitute (along with the documents incorporated by
      reference into this Registration Statement pursuant to Item 3 of Part II hereof) a prospectus that meets the requirements of Section 10(a) of the Securities Act.
PART II.
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
The following documents previously
        filed by Magyar Bancorp, Inc. (the "Company") with the Commission under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are incorporated herein by reference (other than any such documents or portions thereof that are furnished
        under Item 2.02 or Item 7.01 of Form 8-K, unless otherwise indicated therein, including any exhibits included with such Items):
(a)
The Company's Annual Report on
Form
          10-K for the year ending September 30, 2021, filed with the Commission on December 20, 2021
(Commission File No. 000-51726) (including information specifically
          incorporated by reference therein from the
Company's definitive proxy statement on Schedule 14A, filed on January 6, 2022
);
(b)
The Company's Quarterly Report on
Form
          10-Q for the quarter ended December 31, 2021, filed with the Commission on February 11, 2022
, the Company's Quarterly Report on
Form
          10-Q for the quarter ended March 31, 2022, filed with the Commission on May 12, 2022
, and the Company's Quarterly Report on
Form 10-Q for the quarter ended June 30, 2022, filed with the Commission on August 15, 2022
(Commission File No. for all
        000-51726);
(c)
The Company's definitive proxy statement on
Schedule 14A, filed on July 18, 2022
(File No. 000-51726);
(d)
The Company's Current Reports on
Form
          8-K filed with the Commission on January 27, 2022
,
February 18, 2022
,
April 21, 2022
,
July
          21, 2022
, and
July 26, 2022
(filed portion only) (Commission File No. for all 000-51726); and
(e)
The description of the Company's common stock contained in the Registration Statement on
Form 8-A filed with the Commission on January 13, 2006
(Commission
        File No. 000-51726),
as updated by the description of our common
          stock contained in
Exhibit 4.2 to the Form 10-K
for the
          fiscal year ended September 30, 2021 filed with the Commission on December 20, 2021
(Commission File No. for all 000-51726), and including any subsequent amendments
          or reports filed for the purpose of updating such description.
All documents subsequently filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14, or 15(d)
      of the Exchange Act, after the date hereof, and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed
      incorporated by reference into this Registration Statement and to be a part thereof from the date of the filing of such documents.  Any statement contained in the documents incorporated, or deemed to be incorporated, by reference herein or therein
      shall be deemed to be modified or superseded for purposes of this Registration Statement and the prospectus to the extent that a statement contained herein or therein or in any other subsequently filed document which also is, or is deemed to be,
      incorporated by reference herein or therein modifies or supersedes such statement.  Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement and the
      prospectus.
All information appearing in this Registration Statement and the prospectus is qualified in its entirety by the
      detailed information, including financial statements, appearing in the documents incorporated herein or therein by reference.
Item 4.  Description of Securities
Not applicable.
Item 5.  Interests of Named Experts and Counsel
None.
Item 6.  Indemnification of Directors and Officers
Section 145 of the Delaware General Corporation Law ("DGCL"), inter alia, empowers a Delaware corporation to
      indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of
      the corporation), by reason of the fact that such person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, or
      other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and in
      a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful. Similar indemnity
      is authorized for such person against expenses (including attorneys' fees) actually and reasonably incurred in connection with the defense or settlement of any such threatened, pending or completed action or suit if such person acted in good faith
      and in a manner he reasonably believed to be in or not opposed to the best interests of the corporation, and provided further that (unless a court of competent jurisdiction otherwise provides) such person shall not have been adjudged liable to the
      corporation. Any such indemnification may be made only as authorized in each specific case upon a determination by the shareholders or disinterested directors or by independent legal counsel in a written opinion that indemnification is proper because
      the indemnitee has met the applicable standard of conduct.
Any such indemnification and advancement of expenses provided under Section 145 shall continue as to a person who
      has ceased to be a director, officer, employee or agent and shall inure to the benefit of such person's heirs, executors and administrators.
Section 145 further authorizes a corporation to purchase and maintain insurance on behalf of any person who is or
      was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or enterprise, against any liability asserted against him, and
      incurred by him in any such capacity, or arising out of his status as such, whether or not the corporation would otherwise have the power to indemnify him under Section 145.
In accordance with the DGCL (being Chapter 1 of Title 8 of the Delaware Code), Articles 9 and 10 of the Company's
      Certificate of Incorporation provide as follows:
NINTH:
A.
Each person who was or is made a party or is threatened to be made a party to or is otherwise involved in any action, suit or proceeding, whether
          civil, criminal, administrative or investigative (hereinafter a "proceeding"), by reason of the fact that he or she is or was a Director or an Officer of the Corporation or is or was serving at the request of the Corporation as a Director,
          Officer, employee or agent of another corporation or of a partnership, joint venture, trust or other enterprise, including service with respect to an employee benefit plan (hereinafter an "indemnitee"), whether the basis of such proceeding is
          alleged action in an official capacity as a Director, Officer, employee or agent or in any other capacity while serving as a Director, Officer, employee or agent, shall be indemnified and held harmless by the Corporation to the fullest extent
          authorized by the Delaware General Corporation Law, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Corporation to provide broader indemnification rights
          than such law permitted the Corporation to provide prior to such amendment), against all expense, liability and loss (including attorneys' fees, judgments, fines, ERISA excise taxes or penalties and amounts paid in settlement) reasonably incurred
          or suffered by such indemnitee in connection therewith; provided, however, that, except as provided in Section C hereof with respect to proceedings to enforce rights to indemnification, the Corporation shall indemnify any such indemnitee in
          connection with a proceeding (or part thereof) initiated by such indemnitee only if such proceeding (or part thereof) was authorized by the Board of Directors of the Corporation.
B.
The right to indemnification conferred in Section A of this Article NINTH shall include the right to be paid by the Corporation the expenses
          incurred in defending any such proceeding in advance of its final disposition (hereinafter an "advancement of expenses"); provided, however, that, if the Delaware General Corporation Law requires an advancement of expenses incurred by an
          indemnitee in his or her capacity as a Director of Officer (and not in any other capacity in which service was or is rendered by such indemnitee, including, without limitation, service to an employee benefit plan) indemnification shall be made
          only upon delivery to the Corporation of an undertaking (hereinafter an "undertaking"), by or on behalf of such indemnitee, to repay all amounts so advanced if it shall ultimately be determined by final judicial decision from which there is no
          further right to appeal (hereinafter a "final adjudication") that such indemnitee is not entitled to be indemnified for such expenses under this Section or otherwise. The rights to indemnification and to the advancement of expenses conferred in
          Sections A and B of this Article NINTH shall be contract rights and such rights shall continue as to an indemnitee who has ceased to be a Director, Officer, employee or agent and shall inure to the benefit of the indemnitee's heirs, executors and
          administrators.
C
.If a claim under Section A or B of this Article NINTH is not paid in full by the Corporation within sixty days after a written claim has been received by
          the Corporation, except in the case of a claim for an advancement of expenses, in which case the applicable period shall be twenty days, the indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of
          the claim. If successful in whole or in part in any such suit, or in a suit brought by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the indemnitee also shall be entitled to be paid the expense of
          prosecuting or defending such suit. In (i) any suit brought by the indemnitee to enforce a right to indemnification hereunder (but not in a suit brought by the indemnitee to enforce a right to an advancement of expenses) it shall be a defense
          that, and (ii) in any suit by the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking the Corporation shall be entitled to recover such expenses upon a final adjudication that, the indemnitee has not met any
          applicable standard for indemnification set forth in the Delaware General Corporation Law. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to have made a determination
          prior to the commencement of such suit that indemnification of the indemnitee is proper in the circumstances because the indemnitee has met the applicable standard of conduct set forth in the Delaware General Corporation Law, nor an actual
          determination by the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) that the indemnitee has not met such applicable standard of conduct, shall create a presumption that the indemnitee has not met
          the applicable standard of conduct or, in the case of such a suit brought by the indemnitee, be a defense to such suit. In any suit brought by the indemnitee to enforce a right to indemnification or to an advancement of expenses hereunder, or by
          the Corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee is not entitled to be indemnified, or to such advancement of expenses, under this Article NINTH or otherwise
          shall be on the Corporation.
D.
The rights to indemnification and to the advancement of expenses conferred in this Article NINTH shall not be exclusive of any other right which any person may have or
          hereafter acquire under any statute, the Corporation's Certificate of Incorporation, Bylaws, agreement, vote of stockholders or disinterested Directors or otherwise.
E.
The Corporation may maintain insurance, at its expense, to protect itself and any Director, Officer, employee or agent of the Corporation or another corporation, partnership,
          joint venture, trust or other enterprise against any expense, liability or loss, whether or not the Corporation would have the power to indemnify such person against such expense, liability or loss under the Delaware General Corporation Law.
F.
The Corporation may, to the extent authorized from time to time by the Board of Directors, grant rights to indemnification and to the advancement of expenses to any employee
          or agent of the Corporation to the fullest extent of the provisions of this Article NINTH with respect to the indemnification and advancement of expenses of Directors and Officers of the Corporation.
TENTH: A Director of this Corporation shall not be personally liable to the Corporation or its stockholders for monetary damages for
        breach of fiduciary duty as a Director, except for liability (i) for any breach of the Director's duty of loyalty to the Corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a
        knowing violation of law, (iii) under Section 174 of the Delaware General Corporation Law, or (iv) for any transaction from which the Director derived an improper personal benefit. If the Delaware General Corporation Law is amended to authorize
        corporate action further eliminating or limiting the personal liability of Directors, then the liability of a Director of the Corporation shall be eliminated or limited to the fullest extent permitted by the Delaware General Corporation Law, as so
        amended.
Any repeal or modification of the foregoing paragraph by the stockholders of the Corporation shall not adversely affect any right or
        protection of a Director of the Corporation existing at the time of such repeal or modification.
Item 7.  Exemption From Registration Claimed
Not applicable.
Item 8.  List of Exhibits.
Regulation S-K
Exhibit Number
Document
4
Form of Common Stock Certificate (incorporated by reference to Exhibit 4 to the Registration Statement on Form SB-2, as amended (File No.
              333-128392), originally filed on September 16, 2005, as amended)
5
Opinion of Luse Gorman, PC
10.1
Magyar Bancorp, Inc. 2022 Equity Incentive Plan (incorporated by reference to Appendix A to the proxy statement for the Special Meeting of
              Stockholders (File No. 000-51726), filed under the Exchange Act on July 18, 2022)
10.2
Form of Restricted Stock Award Agreement
10.3
Form of Incentive Stock Option Award Agreement
10.4
Form of Non-Qualified Stock Option Award Agreement
23.1
Consent of Luse Gorman, PC (contained in Exhibit 5)
23.2
Consent of RSM US LLP (Independent Registered Public Accounting Firm)
24
Power of Attorney (contained on signature page)
107
Filing Fee Table
Item 9.  Undertakings
The undersigned registrant hereby undertakes:
1.
To file, during any period in which offers or sales are being made, a post-effective amendment to the Registration Statement:
(i)
to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
        post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement.  Notwithstanding the foregoing, any increase or decrease in volume of securities
        offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the
        Commission pursuant to Rule 424(b) (section 230.424(b)) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fees" table in the
        effective registration statement;
(iii)
to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any
        material change to such information in this Registration Statement;
provided, however
, that
      paragraphs 1(i) and 1(ii) above do not apply if the information required to be included in a post-effective amendment by these paragraphs is contained in reports filed with or furnished to the Commission by the Corporation pursuant to Section 13 or
      Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
2.
That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new
        registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona
          fide
offering thereof;
3.
To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of
        the offering;
4.
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the
        registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in
        the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof; and
5.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the
        registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. 
        In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action,
        suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
        submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
The Registrant.
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to
      be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New Brunswick, State of New Jersey, on August 26, 2022.
MAGYAR BANCORP, INC.
By:
/s/ John S. Fitzgerald
John S. Fitzgerald
President and Chief Executive Officer
(Duly Authorized Representative)
POWER OF ATTORNEY
We, the undersigned directors and officers of Magyar Bancorp, Inc. (the "Company") hereby severally constitute and
      appoint John S. Fitzgerald, as our true and lawful attorney and agent, to do any and all things in our names in the capacities indicated below which said John S. Fitzgerald may deem necessary or advisable to enable the Company to comply with the
      Securities Act of 1933, as amended, and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with the registration of shares of common stock to be granted and shares of common stock to be issued upon the
      exercise of stock options to be granted under the Magyar Bancorp, Inc. 2022 Equity Incentive Plan, including specifically, but not limited to, power and authority to sign for us in our names in the capacities indicated below the registration
      statement and any and all amendments (including post-effective amendments) thereto; and we hereby approve, ratify and confirm all that said John S. Fitzgerald shall do or cause to be done by virtue thereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by
      the following persons in the capacities and on the date indicated.
Signatures
Title
Date
/s/ John S. Fitzgerald
President and Chief Executive Officer
August 26, 2022
John S. Fitzgerald
(Principal Executive Officer)
/s/ Jon R. Ansari
Executive Vice President and Chief Financial Officer
August 26, 2022
Jon R. Ansari
(Principal Financial and Accounting Officer)
/s/ Thomas Lankey
Chairman of the Board
August 26, 2022
Thomas Lankey
Signatures
Title
Date
/s/ Andrew Hodulik
Vice Chairman of the Board
August 26, 2022
Andrew Hodulik
/s/ Joseph A. Yelencsics
Director
August 26, 2022
Joseph A. Yelencsics
/s/ Edward C. Stokes, III
Director
August 26, 2022
Edward C. Stokes, III