Tony Scavuzzo appointed to board; Castle Creek invests $35.75M in Series A Preferred and warrants

Third Coast Bancshares, Inc.

Tony Scavuzzo appointed as Class A director effective Oct 20, 2022; board expands from 10 to 11.
Scavuzzo is managing principal of Castle Creek, which purchased 30,000 Series A Preferred shares for $30M and warrants for 119,000 common shares at $22.50.
Castle Creek affiliate Fund VIII Co-Invest purchased 5,750 Series A Preferred shares for $5.75M.
Castle Creek retains board representation right while holding ≥4.9% of common stock on as-converted basis.
Scavuzzo will receive standard non-employee director compensation per company policy.

item 5.02

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Appointed

Tony Scavuzzo

Director

TCBX · Third Coast Bancshares, Inc.

Effective: 2022-10-20
Filed: October 26, 2022, 7:59 PM ET

On October 20, 2022, the Board of Directors (the “Board”) of Third Coast Bancshares, Inc. (the “Company”) appointed Tony Scavuzzo as a director of the Company effective October 20, 2022.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Tony Scavuzzo was appointed as Director at Third Coast Bancshares, Inc..

Action: appointed
Role: Director

Exact text from the filing

On October 20, 2022, the Board of Directors (the “Board”) of Third Coast Bancshares, Inc. (the “Company”) appointed Tony Scavuzzo as a director of the Company effective October 20, 2022.

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Third Coast Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-269598

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