secwatch.observer — SEC 8-K summary
======================================

Issuer:     CoastalSouth Bancshares, Inc. (COSO)
CIK:        0001297107
Form:       8-K
Filed at:   2026-07-24T20:15:14+00:00
Accession:  0001297107-26-000011
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoastalSouth amends bylaws to add exclusive forum and 1% standing requirement for derivative suits
--------------------------------------------------------------------------------

- Board approved exclusive forum provision designating Georgia State-wide Business Court for internal entity claims.
- Shareholders must own at least 1% of outstanding shares to have standing to commence derivative proceedings.
- Exclusive forum does not apply to direct claims under federal securities laws (Securities Act or Exchange Act).
- Amendment effective July 23, 2026; full text filed as Exhibit 3.2 to the 8-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1297107/000129710726000011/0001297107-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1297107/000129710726000011/coso-20260723.htm
  HTML page:      https://secwatch.observer/filing/0001297107-26-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer