Coastal Financial removes director age cap, strengthens shareholder proposal rules

COASTAL FINANCIAL CORP

Removed Section 2.3 age restriction, allowing directors 72+ to serve.
Amended Section 9.2 to permit Board to alter bylaws affecting director qualifications/terms.
Added detailed advance notice and disclosure rules for shareholder proposals and nominations, including proxy solicitation requirements and updated timelines.
Amendments effective May 28, 2025, following shareholder and Board approval.

item 5.03item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.