secwatch.observer — SEC 8-K summary
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Issuer:     Third Coast Bancshares, Inc. (TCBX)
CIK:        0001781730
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001193125-22-269598
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781730/000119312522269598/0001193125-22-269598-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781730/000119312522269598/d252035d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-269598

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