other material
confidence high
sentiment neutral
materiality 0.25
PCB Bancorp shareholders approve bylaw amendment and elect directors at annual meeting
PCB BANCORP
- Shareholders approved amendment to bylaws authorizing board size range of 7 to 13 directors.
- All nine director nominees were elected; each received >96% of votes cast (7,205,072 to 7,460,638 for).
- Advisory vote on executive compensation approved with ~94.8% of votes cast (7,112,997 for).
- Company will hold 'say-on-pay' advisory votes annually following the 1-year frequency approval.
- Ratification of Crowe LLP as independent auditor for FY 2024 passed with ~99.2% of votes cast.