Capital Bancorp Files 8-K on Shareholder Votes and Financials
Ticker: CBNK · Form: 8-K · Filed: Aug 16, 2024 · CIK: 1419536
| Field | Detail |
|---|---|
| Company | Capital Bancorp INC (CBNK) |
| Form Type | 8-K |
| Filed Date | Aug 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, financial-reporting, sec-filing
Related Tickers: CBNK
TL;DR
CBNK filed an 8-K on Aug 15 detailing shareholder votes and financials.
AI Summary
Capital Bancorp, Inc. filed an 8-K on August 15, 2024, reporting on matters submitted to a vote of security holders and including financial statements and exhibits. The filing details the company's corporate structure, including its state of incorporation (Maryland) and fiscal year end (December 31).
Why It Matters
This filing provides essential updates on corporate governance and financial reporting for Capital Bancorp, Inc., impacting investor understanding of the company's operations and decisions.
Risk Assessment
Risk Level: low — This is a routine filing detailing corporate actions and financial reporting, not indicating any immediate operational or financial distress.
Key Numbers
- 001-38671 — SEC File Number (Identifies the company's filing history with the SEC.)
- 52-2083046 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Capital Bancorp, Inc. (company) — Registrant
- Maryland (location) — State of incorporation
- August 15, 2024 (date) — Date of earliest event reported
FAQ
What specific matters were submitted to a vote of security holders?
The filing indicates that matters were submitted to a vote of security holders, but the specific details of these matters are not elaborated upon in the provided text excerpt.
What financial statements are included in this filing?
The filing states that 'Financial Statements and Exhibits' are included, but the specific financial statements are not detailed in the provided text.
When is Capital Bancorp's fiscal year end?
Capital Bancorp's fiscal year ends on December 31.
In which state was Capital Bancorp incorporated?
Capital Bancorp was incorporated in Maryland.
What is the primary business of Capital Bancorp?
Capital Bancorp is classified under 'NATIONAL COMMERCIAL BANKS' with SIC code 6021.
Filing Stats: 701 words · 3 min read · ~2 pages · Grade level 13.6 · Accepted 2024-08-16 13:45:28
Key Financial Figures
- $0.01 — ich Registered Common Stock, par value $0.01 per share CBNK NASDAQ Stock Market It
Filing Documents
- cbnk-20240815.htm (8-K) — 31KB
- 0001419536-24-000024.txt ( ) — 158KB
- cbnk-20240815.xsd (EX-101.SCH) — 2KB
- cbnk-20240815_lab.xml (EX-101.LAB) — 23KB
- cbnk-20240815_pre.xml (EX-101.PRE) — 13KB
- cbnk-20240815_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders On August 15, 2024, Capital Bancorp, Inc. (" CBNK ") held a Special Meeting of Stockholders (the " Special Meeting "). At the Special Meeting, the CBNK shareholders voted upon the proposals set forth in a joint proxy statement/prospectus (the " Proxy Statement/Prospectus ") prepared in connection with the Merger Agreement (as defined below), dated March 27, 2024, and filed with the U.S. Securities and Exchange Commission (the " SEC ") on April 1, 2024. As of June 20, 2024, the record date for the Special Meeting, there were 13,899,251 shares of the Company's common stock issued, outstanding, and eligible to be voted at the Special Meeting, and 10,042,930 shares were represented in person or by proxy at the Special Meeting, which constituted a quorum to conduct business at the meeting. The results of the votes cast by shareholders are as follows: Proposal 1 : CBNK's shareholders approved the proposal to approve the Agreement and Plan of Merger and Reorganization, dated as of March 27, 2024 (the " Merger Agreement "), by and between CBNK and Integrated Financial Holdings, Inc. (" IFHI "), including the merger of IFHI with and into CBNK, with CBNK as the surviving company (the " CBNK Merger Proposal "). The following is a tabulation of the voting results for the CBNK Merger Proposal: Proposal 1: The CBNK Merger Proposal: FOR AGAINST ABSTAIN BROKER NON-VOTES 9,992,732 37,871 12,327 — Proposal 2 : To adjourn the Special Meeting, if necessary or appropriate, to solicit additional proxies if, immediately prior to such adjournment, there are not sufficient votes to approve the CBNK Merger Proposal, or to ensure that any supplement or amendment to the Proxy Statement/Prospectus is timely provided to holders of CBNK common stock (the " Adjournment Proposal "). Because the CBNK Merger Proposal was approved, the Adjournment Proposal was withdrawn and not considered at the Special Meeting.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CAPITAL BANCORP, INC. Date: August 16, 2024 By: /s/ Dominic Canuso Name: Dominic Canuso Title: Chief Financial Officer 3