secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2021-10-04T23:59:59+00:00
Accession:  0001564590-21-049973
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coastal Financial appoints Michael Patterson to Board of Directors effective Oct 1
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- Michael Patterson, CPA with 38+ years of experience, joins board effective October 1, 2021.
- Patterson previously led EY LLP's Compliance Risk Management in Financial Services Office.
- Board expands to 11 directors, 8 of whom are independent including Patterson.
- Compensation follows non-employee director program; committee assignments are undetermined.
- No arrangements or transactions with Patterson requiring disclosure under Item 404(a).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000156459021049973/0001564590-21-049973-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000156459021049973/ck1437958-8k_20210928.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-049973

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer