secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001437958-25-000127
Event type: other
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coastal Financial removes director age cap, strengthens shareholder proposal rules
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000127/0001437958-25-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000127/ck1437958-20250528.htm
  HTML page:      https://secwatch.observer/filing/0001437958-25-000127

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