8-K
filed May 22, 2026, 4:00 PM ET
ticker MCBS
CIK 0001747068
other material
confidence high
sentiment neutral
materiality 0.15
MetroCity Bankshares shareholders elect all directors, ratify auditors at annual meeting
MetroCity Bankshares, Inc.
- Quorum of 71.19% (20,401,807 of 28,660,042 shares) represented at May 21, 2026 meeting.
- All five director nominees elected: Nack Paek, Frank Glover, William Hungeling, Francis Lai, David Shim (votes for ranged from 14.88M to 17.45M).
- Ratification of Crowe LLP as independent auditor passed with 20,346,364 votes for, 16,551 against, 22,912 abstain.
- Board adopted policy to hold shareholder advisory vote on executive compensation every two years based on non-binding advisory vote results.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MetroCity Bankshares, Inc. shareholders approved Election of four (4) incumbent Class II directors and one (1) new Class I director at the 2026-05-21 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2026-05-21
Exact text from the filing
Proposal 1 – Election of Directors: To elect four (4) incumbent Class II directors named in the proxy statement to serve until the 2029 Annual Meeting of Shareholders and one (1) new Class I director named in the proxy statement to serve until the 2028 Annual Meeting of Shareholders to align with the other Class I directors, in each case until their successors have been duly elected and qualified.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
MetroCity Bankshares, Inc. shareholders approved Ratification of Crowe LLP as independent registered public accounting firm for the year ended December 31, 2026 at the 2026-05-21 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2026-05-21
Exact text from the filing
Proposal 2 – Ratification of Auditors: To ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2026.
View on SEC.gov
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