Coastal Financial Corp Files 8-K: Officer/Director Changes & More
Ticker: CCB · Form: 8-K · Filed: Oct 3, 2024 · CIK: 1437958
| Field | Detail |
|---|---|
| Company | Coastal Financial Corp (CCB) |
| Form Type | 8-K |
| Filed Date | Oct 3, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $470,000, $75, $90, $105.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
TL;DR
Coastal Financial Corp 8-K: Leadership changes and financial updates filed as of Sept 30, 2024.
AI Summary
Coastal Financial Corporation filed an 8-K on October 3, 2024, reporting events as of September 30, 2024. The filing includes information regarding the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. It also covers Regulation FD disclosures and financial statements/exhibits.
Why It Matters
This filing provides crucial updates on the company's leadership and governance structure, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate events and does not indicate any immediate financial distress or significant negative developments.
Key Players & Entities
- COASTAL FINANCIAL CORP (company) — Registrant
- September 30, 2024 (date) — Date of earliest event reported
- October 3, 2024 (date) — Date of report
FAQ
What specific officer or director positions were affected by the changes reported in this 8-K?
The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers', but the specific names and positions are not detailed in the provided excerpt.
Are there any new compensatory arrangements for officers detailed in this filing?
The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of information, but the specifics of these arrangements are not included in the provided text.
What is the primary business of Coastal Financial Corp?
Coastal Financial Corp operates in the 'STATE COMMERCIAL BANKS' sector, as indicated by its Standard Industrial Classification code.
Where is Coastal Financial Corp headquartered?
Coastal Financial Corp is headquartered at 5415 Evergreen Way, Everett, Washington 98203.
What is the filing date of this 8-K report?
This 8-K report was filed on October 3, 2024.
Filing Stats: 1,151 words · 5 min read · ~4 pages · Grade level 12.9 · Accepted 2024-10-03 16:18:20
Key Financial Figures
- $470,000 — led to an initial annual base salary of $470,000. He will also receive a one-time award
- $75 — hes at 60-day sustained stock prices of $75.00, $90.00, and $105.00 and (2) 15,000
- $90 — 0-day sustained stock prices of $75.00, $90.00, and $105.00 and (2) 15,000 performa
- $105.00 — ned stock prices of $75.00, $90.00, and $105.00 and (2) 15,000 performance-based restri
Filing Documents
- ck1437958-20240930.htm (8-K) — 32KB
- hamiltonpresident-ex991.htm (EX-99.1) — 11KB
- coastal-logoxcolorxonxdark.jpg (GRAPHIC) — 325KB
- 0001437958-24-000134.txt ( ) — 599KB
- ck1437958-20240930.xsd (EX-101.SCH) — 2KB
- ck1437958-20240930_lab.xml (EX-101.LAB) — 22KB
- ck1437958-20240930_pre.xml (EX-101.PRE) — 13KB
- ck1437958-20240930_htm.xml (XML) — 3KB
01 Regulation FD
Item 7.01 Regulation FD A copy of the press release announcing the appointment of Brian Hamilton as the President of CCBX issued by the Company on October 3, 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 (d) Exhibits Number Description 99.1 Press Release, dated October 3, 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: October 3, 2024 By: /s/ Joel G. Edwards Joel G. Edwards Executive Vice President and Chief Financial Officer