Coastal Financial Reports Officer/Director Changes, Comp Arrangements
Ticker: CCB · Form: 8-K · Filed: Jan 4, 2024 · CIK: 1437958
| Field | Detail |
|---|---|
| Company | Coastal Financial Corp (CCB) |
| Form Type | 8-K |
| Filed Date | Jan 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensation, 8-K
TL;DR
**Coastal Financial just filed an 8-K about leadership changes and pay, keep an eye on it.**
AI Summary
Coastal Financial Corporation announced on January 1, 2024, that it filed an 8-K report regarding the departure or election of directors or officers and compensatory arrangements. This filing indicates potential changes in leadership or executive compensation, which could impact the company's strategic direction and financial performance. Investors should monitor these developments as they can signal shifts in corporate governance or operational focus, directly affecting the stock's future value.
Why It Matters
Changes in executive leadership or compensation can signal shifts in company strategy or financial health, directly influencing investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation can introduce uncertainty regarding future company performance and strategic direction, posing a moderate risk to investors.
Analyst Insight
Investors should look for subsequent filings or press releases from Coastal Financial Corporation that provide specific details about the personnel changes or compensation arrangements mentioned in this 8-K, as these specifics will determine the actual impact on the company.
Key Players & Entities
- COASTAL FINANCIAL CORPORATION (company) — the registrant filing the 8-K
- January 1, 2024 (date) — date of earliest event reported
- 001-38589 (other) — Commission File Number
- CCB (other) — Trading Symbol for Common stock
- The Nasdaq Stock Market LLC (other) — exchange where common stock is registered
FAQ
What is the primary purpose of this 8-K filing by Coastal Financial Corporation?
The primary purpose of this 8-K filing by Coastal Financial Corporation is to report on the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Regulation FD Disclosure', as well as 'Financial Statements and Exhibits' as of January 1, 2024.
What is the earliest event reported date in this 8-K filing?
The earliest event reported date in this 8-K filing is January 1, 2024.
What is the trading symbol and the exchange where Coastal Financial Corporation's common stock is registered?
Coastal Financial Corporation's common stock has the trading symbol 'CCB' and is registered on The Nasdaq Stock Market LLC.
What is the business address of Coastal Financial Corporation as stated in the filing?
The business address of Coastal Financial Corporation is 5415 Evergreen Way, Everett, Washington 98203.
Is Coastal Financial Corporation considered an emerging growth company according to this filing?
The filing indicates that Coastal Financial Corporation is NOT an emerging growth company, as the box for 'Emerging growth company' is unchecked.
Filing Stats: 618 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-01-04 14:43:31
Filing Documents
- ck1437958-20240101.htm (8-K) — 26KB
- hamilton-ex991.htm (EX-99.1) — 10KB
- logo.jpg (GRAPHIC) — 22KB
- 0001437958-24-000007.txt ( ) — 196KB
- ck1437958-20240101.xsd (EX-101.SCH) — 2KB
- ck1437958-20240101_lab.xml (EX-101.LAB) — 24KB
- ck1437958-20240101_pre.xml (EX-101.PRE) — 13KB
- ck1437958-20240101_htm.xml (XML) — 3KB
01 Regulation FD
Item 7.01 Regulation FD A copy of the press release announcing the appointment of Brian Hamilton to the Company's Board of Directors issued by the Company on January 4, 2024, is attached hereto as Exhibit 99.1 to this current report on Form 8-K.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibits Number Description 99.1 Press Release, dated January 4, 2024 104 Cover Page Interactive Data File (Embedded within the Inline XBRL document)
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. COASTAL FINANCIAL CORPORATION Date: January 4, 2024 By: /s/ Joel G. Edwards Joel G. Edwards Executive Vice President and Chief Financial Officer