Coastal Financial Corp Reports Board and Officer Changes
Ticker: CCB · Form: 8-K · Filed: Sep 22, 2025 · CIK: 1437958
| Field | Detail |
|---|---|
| Company | Coastal Financial Corp (CCB) |
| Form Type | 8-K |
| Filed Date | Sep 22, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $500,000, $15,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-election, officer-appointment
TL;DR
Coastal Financial Corp reshuffled its board and officers on Sept 22, 2025. Watch for new strategy.
AI Summary
Coastal Financial Corporation announced on September 22, 2025, changes in its board and officer appointments. The filing details the departure of directors and the election of new ones, alongside the appointment of certain officers and updates to compensatory arrangements. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the report.
Why It Matters
Changes in a company's leadership and board composition can signal shifts in strategy, governance, or future performance, impacting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — Changes in executive and board leadership can introduce uncertainty and potential shifts in company strategy, which may affect future performance.
Key Players & Entities
- Coastal Financial Corporation (company) — Registrant
- September 22, 2025 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the officer appointments?
The filing indicates appointments of 'certain officers' but does not specify the exact roles in the provided text.
Are there any financial details related to the compensatory arrangements mentioned?
The filing states 'Compensatory Arrangements of Certain Officers' as an item, but specific financial details are not included in this excerpt.
Who are the departing directors?
The filing mentions the 'Departure of Directors' but does not list their names in this section.
Who are the newly elected directors?
The filing mentions the 'Election of Directors' but does not list their names in this section.
What is the primary business of Coastal Financial Corp?
Coastal Financial Corp is in the 'STATE COMMERCIAL BANKS' industry, SIC code 6022.
Filing Stats: 1,148 words · 5 min read · ~4 pages · Grade level 13.2 · Accepted 2025-09-22 16:51:26
Key Financial Figures
- $500,000 — be entitled to an annual base salary of $500,000, subject to annual review by the Compen
- $15,000 — lso receive a one-time signing bonus of $15,000, and an award of 18,000 restricted stoc
Filing Documents
- ck1437958-20250922.htm (8-K) — 30KB
- soto-cfoxex991.htm (EX-99.1) — 11KB
- coastal-logoxcolorxonxdark.jpg (GRAPHIC) — 325KB
- 0001437958-25-000157.txt ( ) — 590KB
- ck1437958-20250922.xsd (EX-101.SCH) — 2KB
- ck1437958-20250922_lab.xml (EX-101.LAB) — 22KB
- ck1437958-20250922_pre.xml (EX-101.PRE) — 13KB
- ck1437958-20250922_htm.xml (XML) — 3KB
01 Regulation FD
Item 7.01 Regulation FD On September 22, 2025, the Company issued a press release announcing the appointment of Mr. Soto as Chief Financial Officer, effective as of October 1, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information being furnished pursuant to this Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that section. Further, the information being furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933 or the Exchange Act.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Number Description 99.1 Press Release, dated September 22, 2025 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: September 22, 2025 By: /s/ Joel G. Edwards Joel G. Edwards Executive Vice President and Chief Financial Officer