secwatch.observer — SEC 8-K summary
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Issuer:     River Financial Corp (RVRF)
CIK:        0001641601
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0000950170-23-022951
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

River Financial shareholders approve increase in authorized common shares to 15M and new preferred stock class
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- Authorized common shares increased from 10M to 15M; preferred stock class authorized with board-determined terms; both passed with >90% approval.
- Board may now issue shares without further stockholder vote, potentially diluting existing ownership.
- Bylaws amended: new advance-notice requirements for stockholder proposals and director nominations, effective May 16, 2023.
- All nine director nominees re-elected with >99% votes for.
- Certificate of incorporation and bylaws restated to comply with Alabama Business Corporation Law; outdated provisions eliminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1641601/000095017023022951/0000950170-23-022951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1641601/000095017023022951/ck0001641601-20230516.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-022951

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