BayFirst Financial Corp. Announces Annual Meeting of Shareholders on May 16, 2024

TL;DR

<b>BayFirst Financial Corp. is holding its Annual Shareholder Meeting on May 16, 2024, to elect 12 directors.</b>

AI Summary

BayFirst Financial Corp. (BAFN) filed a Proxy Statement (DEF 14A) with the SEC on April 5, 2024. BayFirst Financial Corp. will hold its Annual Meeting of Shareholders on May 16, 2024, at 4:30 p.m. Eastern Time. The meeting will take place at the St. Petersburg Marriott Clearwater, 12600 Roosevelt Boulevard North, St. Petersburg, Florida 33716. Shareholders will vote on the election of 12 directors. Directors will serve until the expiration of their terms or until successors are elected and qualified. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 5, 2024.

Why It Matters

For investors and stakeholders tracking BayFirst Financial Corp., this filing contains several important signals. This proxy statement provides shareholders with essential information regarding the upcoming annual meeting, including the agenda and the process for electing directors. Shareholder participation in the election of directors is crucial for corporate governance and ensures that the board represents shareholder interests.

Risk Assessment

Risk Level: low — BayFirst Financial Corp. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting and does not contain significant new financial or operational information that would alter the company's risk profile.

Analyst Insight

Shareholders should review the proxy materials to make informed decisions regarding director elections at the upcoming annual meeting.

Key Numbers

• 12 — Directors to be elected (Proposal 1: Election of Directors)
• May 16, 2024 — Annual Meeting Date (Notice of Annual Meeting of Shareholders)
• 4:30 p.m. Eastern Time — Annual Meeting Time (Notice of Annual Meeting of Shareholders)

Key Players & Entities

• BayFirst Financial Corp. (company) — Registrant and company name
• May 16, 2024 (date) — Date of Annual Meeting
• St. Petersburg Marriott Clearwater (company) — Location of Annual Meeting
• 12 directors (dollar_amount) — Number of directors to be elected
• April 5, 2024 (date) — Filing date of the proxy statement

FAQ

Industry Context

BayFirst Financial Corp. operates as a commercial bank, a sector characterized by regulatory oversight and sensitivity to economic conditions.

Regulatory Implications

As a financial institution, BayFirst Financial Corp. is subject to regulations from the SEC and other banking authorities, which govern its corporate governance and reporting.

What Investors Should Do

1. Review the proxy statement for details on director nominees and their qualifications.
2. Vote on the election of directors prior to the May 16, 2024, Annual Meeting.
3. Confirm meeting details and attendance options if planning to attend in person.

Key Dates

• 2024-05-16: Annual Meeting of Shareholders — Shareholders will vote on the election of directors.

Year-Over-Year Comparison

This filing is a DEF 14A proxy statement for the 2024 annual meeting, indicating routine corporate governance activities.

Filing Documents

• def14a-proxy2024.htm (DEF 14A) — 355KB
• a187198bayfirstproxycard_r.jpg (GRAPHIC) — 797KB
• a187198bayfirstproxycard_ra.jpg (GRAPHIC) — 505KB
• bayfirstbrnotice20240319_p.jpg (GRAPHIC) — 1520KB
• bayfirstbrnotice20240319_pa.jpg (GRAPHIC) — 210KB
• image_12.jpg (GRAPHIC) — 15KB
• tomssignature002.jpg (GRAPHIC) — 55KB
• 0001649739-24-000125.txt (&nbsp;) — 4625KB

Gender Identity

Part I Gender Identity Directors 2 10 — —

Demographic Background

Part II Demographic Background African American or Black — 1 — — Alaskan Native or Native American — — — — Asian 1 — — — Hispanic or Latinx — — — — Native Hawaiian or Pacific Islander — — — — White 1 9 — — Two or More Races or Ethnicities — — — — LGBTQ+ — — — — Did Not Disclose Demographic Background — — — — 9 Board Committees The Company's Board is divided into five committees. The following table discloses the membership and Chair of each committee. Name Audit and Risk Management Compensation Corporate Social Responsibility Executive Nominating Derek S. Berset Member Mark S. Berset Chair Chair Dennis R. DeLoach, III Member Chair Alexander Harris Member Tarek Helal Member Member Member Member Anthony N. Leo Member Member Christos Politis, M.D. Chair Anthony Saravanos Member Member Member Bradly W. Spoor Member Sheryl WuDunn Member Member Thomas G. Zernick Member Barbara J. Zipperian Chair Member Audit and Risk Management Committees. The Audit and Risk Management Committees are two distinct committees, with overlapping membership and which hold joint meetings. These committees assist our Board in performing its oversight responsibilities as they relate to the Company's accounting and financial reporting practices and audits of the financial statements, internal controls, and legal and regulatory compliance, including, among other things the quality and integrity of the Company's financial statements the Company's compliance with applicable laws and regulations the review of the independent auditors' qualifications and independence the performance of the Company's internal audit function and the Company's independent auditors and the application of the Company's Code of Ethics as established by management and the Board. Our Audit and Risk Management Committees have adopted written charters, which set forth the committees' duties and responsibilities. The Audit Committee Charter is available in the Investor Relations secti

View Full Filing

View this DEF 14A filing on SEC EDGAR