secwatch.observer — SEC 8-K summary
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Issuer:     MetroCity Bankshares, Inc. (MCBS)
CIK:        0001747068
Form:       8-K
Filed at:   2022-01-19T23:59:59+00:00
Accession:  0001747068-22-000003
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MetroCity Bankshares appoints Frank Glover to board; declares $0.15 quarterly dividend
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- Frank Glover (43) appointed to boards of Company and Bank, effective Jan 19; serves on Asset Liability and Credit Risk committees.
- Glover is Senior Director of Retirement Investments at Cox Enterprises; not independent as he is son-in-law of CEO Nack Paek.
- Quarterly cash dividend of $0.15 per share declared, payable Feb 11, 2022 to shareholders of record Feb 2, 2022.
- Glover will receive standard director compensation as previously disclosed; no arrangements or transactions with Company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747068/000174706822000003/0001747068-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747068/000174706822000003/mcbs-20220119x8k.htm
  HTML page:      https://secwatch.observer/filing/0001747068-22-000003

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