secwatch.observer — SEC 8-K summary
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Issuer:     MetroCity Bankshares, Inc. (MCBS)
CIK:        0001747068
Form:       8-K
Filed at:   2024-09-18T23:59:59+00:00
Accession:  0001747068-24-000065
Event type: leadership
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

MetroCity Bankshares appoints John Paek to Board; son of Chairman and CEO
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1747068/000174706824000065/0001747068-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1747068/000174706824000065/mcbs-20240918x8k.htm
  HTML page:      https://secwatch.observer/filing/0001747068-24-000065

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