Five Star Bancorp amends bylaws to comply with SEC universal proxy rules

FIVE STAR BANCORP

Board approved Second Amended and Restated Bylaws on December 21, 2023.
Amendments reflect SEC Rule 14a-19 universal proxy card requirements for contested director elections.
Shareholders must provide notice of intent to solicit proxies per Rule 14a-19 and deliver proxy statement to required capital stock percentage.
Company may request supplemental information and evidence that shareholders meet Rule 14a-19(a)(3) requirements.
Company may disregard proxies or votes if shareholders fail to comply with Rule 14a-19(a)(2) and (a)(3).

Key facts

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

FIVE STAR BANCORP: Board approved Second Amended and Restated Bylaws to incorporate universal proxy card requirements under SEC Rule 14a-19 and related technical changes (effective 2023-12-21).

Change: bylaw amendment
Effective: 2023-12-21

Exact text from the filing

On December 21, 2023, the Board of Directors of Five Star Bancorp (the “Company”) approved the Company’s Second Amended and Restated Bylaws (the “Bylaws”). The Bylaws were amended to reflect the requirements of the United States Securities and Exchange Commission relating to the use of universal proxy cards in contested director elections, along with certain other technical changes related thereto.

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Source: SEC EDGAR

accession 0001275168-23-000139

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