---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-23-000071"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:23:03.380235+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial reports 2023 annual meeting results; directors re-elected

## Summary
- Shareholders elected Rilla R. Delorier, Michael R. Patterson, and Gregory S. Tisdel as directors for three-year terms.
- Moss Adams LLP ratified as independent auditor for FY 2023 with 10,701,936 votes in favor.
- Quorum of 80.7% of shares represented; 941,588 broker non-votes on director elections.
- No other shareholder proposals or material changes were reported at the meeting.

## SEC filing metadata
- accession: 0001437958-23-000071
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2023-05-25T23:59:59+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/1437958/000143795823000071/0001437958-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000071/ck1437958-20230523.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-23-000071
- JSON: https://secwatch.observer/filing/0001437958-23-000071.json
- Plain text: https://secwatch.observer/filing/0001437958-23-000071.txt

## Key facts
- Shareholder Votes
  COASTAL FINANCIAL CORP shareholders approved Ratification of selection of Moss Adams LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-23 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: 2. The selection of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was ratified by the shareholders by the following vote: FOR AGAINST ABSTAIN 10,701,936 2,829 11,462 There were no broker non-votes on the proposal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000071/0001437958-23-000071-index.htm
- Shareholder Votes
  COASTAL FINANCIAL CORP shareholders approved Election of Directors for a three-year term until the 2026 annual meeting at the 2023-05-23 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-05-23
  source text: The final results for each of the matters submitted to a vote of the shareholders at the Annual Meeting are as follows: 1. The following individuals were elected as directors of the Company for a three-year term until the 2026 annual meeting of shareholders, or until their successors are elected, by the following vote: FOR WITHHELD Rilla R. Delorier 7,553,405 2,221,234 Michael R. Patterson 7,753,647 2,020,992 Gregory S. Tisdel 6,907,593 2,867,046 There were 941,588 broker non-votes on the proposal.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000071/0001437958-23-000071-index.htm

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