USCB Financial Holdings amends articles to convert Class B stock 1-for-1 to Class A

USCB FINANCIAL HOLDINGS, INC.

Conversion factor for Class B non-voting to Class A voting common stock changed from 0.2 to 1-for-1.
Dividends on Class B common stock will also be paid on a one-for-one basis rather than 0.2 ratio.
Shareholders approved the amendment on May 22, 2023 at the annual meeting.
Amendment effective upon filing with Florida Department of State on May 24, 2023.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

USCB FINANCIAL HOLDINGS, INC.: Amendment changes conversion factor for Class B non-voting common stock to Class A voting common stock from 0.2 to one-for-one and aligns dividend treatment (effective 2023-05-24).

Change: charter amendment
Effective: 2023-05-24

Exact text from the filing

On May 24, 2023, USCB Financial Holdings, Inc. (the “Company”) filed an amendment, effective upon filing, to its Articles of Incorporation with the Florida Department of State (the “Amendment”).

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USCB FINANCIAL HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0000927089-23-000088

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