{"schema_version":"secwatch.filing_event.v1","accession":"0001747068-24-000065","form_type":"8-K","ticker":"MCBS","cik":"0001747068","company_name":"MetroCity Bankshares, Inc.","filed_at":"2024-09-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:14.395120+00:00","generated_at":"2026-05-31T03:59:52.487382+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"MetroCity Bankshares appoints John Paek to Board; son of Chairman and CEO","bullets":["John Paek appointed to board of MetroCity Bankshares and Metro City Bank, effective September 18, 2024.","Paek is not independent; he is the son of Chairman and CEO Nack Paek.","He will serve on Asset Liability, Credit Risk Management, and Directors' Loan Committees.","Previously a Principal at Deloitte Tax LLP (2019-2023) and partner at Baker McKenzie (2011-2019).","Director compensation consistent with other board members, per 2024 proxy statement."],"urls":{"canonical":"https://secwatch.observer/filing/0001747068-24-000065","json":"https://secwatch.observer/filing/0001747068-24-000065.json","markdown":"https://secwatch.observer/filing/0001747068-24-000065.md","text":"https://secwatch.observer/filing/0001747068-24-000065.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1747068/000174706824000065/0001747068-24-000065-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1747068/000174706824000065/mcbs-20240918x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T03:59:52.487382+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"73a7c44a30","claim":"John Paek was appointed as Director at MetroCity Bankshares, Inc..","evidence_excerpt":"On September 18, 2024, upon the recommendation of the Nominating and Governance Committee, the Board of Directors (the “Board”) of MetroCity Bankshares, Inc. (the “Company”) appointed Mr. John Paek to serve as a member of the Boards of the Company and Metro City Bank, the wholly owned subsidiary of the Company (the “Bank”), effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1747068/000174706824000065/0001747068-24-000065-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}