---
schema_version: "secwatch.filing_event.v1"
accession: "0001419536-23-000092"
form_type: "8-K"
ticker: "CBNK"
cik: "0001419536"
company_name: "Capital Bancorp Inc"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:08:26.803283+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Capital Bancorp shareholders approve three director elections and governance amendments at annual meeting

## Summary
- All three Class III director nominees elected: Jerome Bailey, Steven Schwartz, James Whalen.
- Majority-vote requirement for uncontested director elections approved (10,594,529 for; 265,679 against).
- Amendment to lower general amendment approval threshold from 2/3 to majority passed (10,554,058 for).
- Elliott Davis ratified as independent auditor for FY2023 (12,224,084 for; 50,131 against).

## SEC filing metadata
- accession: 0001419536-23-000092
- form_type: 8-K
- ticker: CBNK
- cik: 0001419536
- company_name: Capital Bancorp Inc
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000092/0001419536-23-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000092/cbnk-20230518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001419536-23-000092
- JSON: https://secwatch.observer/filing/0001419536-23-000092.json
- Plain text: https://secwatch.observer/filing/0001419536-23-000092.txt

## Key facts
- Shareholder Votes
  Capital Bancorp Inc shareholders approved Amend the Articles to require that directors be elected by a majority of votes cast in uncontested elections. at the 2023-05-18 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: Proposal 2 – To amend the Articles to require that directors be elected by a majority of votes cast in uncontested elections. FOR AGAINST ABSTAIN BROKER NON-VOTES 10,594,529 265,679 48,881 1,369,141
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000092/0001419536-23-000092-index.htm
- Shareholder Votes
  Capital Bancorp Inc shareholders approved Amend the Articles to require the approval of holders of a majority, rather than two-thirds, of the Company's shares for general amendments to the Articles. at the 2023-05-18 meeting.
  - Proposal: charter amendment
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: Proposal 3 – To amend the Articles to require the approval of holders of a majority, rather than two-thirds, of the Company's shares for general amendments to the Articles. FOR AGAINST ABSTAIN BROKER NON-VOTES 10,554,058 308,812 46,219 1,369,141
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000092/0001419536-23-000092-index.htm
- Shareholder Votes
  Capital Bancorp Inc shareholders approved Election of three Class III directors to serve for a three-year term ending at the 2026 Annual Meeting of Stockholders. at the 2023-05-18 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: CLASS III DIRECTORS FOR WITHHELD BROKER NON-VOTES Jerome R. Bailey 9,475,478 1,433,611 1,369,141 Steven J. Schwartz 8,496,461 2,412,628 1,369,141 James F. Whalen 8,212,046 2,697,043 1,369,141
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000092/0001419536-23-000092-index.htm
- Shareholder Votes
  Capital Bancorp Inc shareholders approved Ratify the appointment of Elliott Davis, PLLC as the Company's independent registered public accounting firm for fiscal year 2023. at the 2023-05-18 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-18
  source text: Proposal 4 – To ratify the appointment of Elliott Davis, PLLC as the Company’s independent registered public accounting firm for fiscal year 2023. FOR AGAINST ABSTAIN BROKER NON-VOTES 12,224,084 50,131 4,015 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1419536/000141953623000092/0001419536-23-000092-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.