Five Star Bancorp Announces 2024 Annual Meeting of Shareholders

TL;DR

<b>Five Star Bancorp is holding its 2024 annual shareholder meeting on May 16, 2024, to elect directors and ratify auditors.</b>

AI Summary

FIVE STAR BANCORP (FSBC) filed a Proxy Statement (DEF 14A) with the SEC on April 3, 2024. Annual meeting scheduled for May 16, 2024, at The Sutter Club in Sacramento, CA. Shareholders will vote on electing 11 director nominees. Shareholders will vote on ratifying Moss Adams LLP as the independent auditor for FY2024. The board of directors unanimously recommends voting 'FOR' director nominees and auditor ratification. Proxy materials are available online at www.edocumentview.com/FSBC.

Why It Matters

For investors and stakeholders tracking FIVE STAR BANCORP, this filing contains several important signals. Shareholder participation is crucial for corporate governance decisions, including director elections and auditor ratification. The meeting provides an opportunity for shareholders to engage with the company and influence its strategic direction.

Risk Assessment

Risk Level: — FIVE STAR BANCORP shows moderate risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Review the director nominees and auditor ratification proposal to make an informed voting decision.

Key Numbers

• 11 — Director Nominees (Number of director nominees to be elected)
• 2024 — Fiscal Year (Fiscal year for which Moss Adams LLP is proposed as auditor)
• May 16, 2024 — Meeting Date (Date of the annual meeting)

Key Players & Entities

• FIVE STAR BANCORP (company) — Registrant and Company Name
• Moss Adams LLP (company) — Independent registered public accounting firm
• May 16, 2024 (date) — Date of annual meeting
• 2024 (date) — Fiscal year for auditor appointment
• 11 (dollar_amount) — Number of director nominees

FAQ

Industry Context

Five Star Bancorp operates as a commercial bank, subject to regulations governing the financial industry.

Regulatory Implications

As a publicly traded company, Five Star Bancorp is subject to SEC regulations regarding proxy solicitations and shareholder meetings.

What Investors Should Do

1. Review the proxy statement for details on director nominees.
2. Consider the ratification of Moss Adams LLP as the independent auditor.
3. Vote your shares by the deadline, either online, by phone, or by mail.

Key Dates

• 2024-05-16: Annual Meeting of Shareholders — Shareholders will vote on director nominees and auditor ratification.

Year-Over-Year Comparison

This is a DEF 14A filing for the 2024 annual meeting, following the previous year's reporting cycle.

Filing Documents

• def14a-proxy2024.htm (DEF 14A) — 457KB
• fsblogoa.jpg (GRAPHIC) — 55KB
• proxycard2024_1a.jpg (GRAPHIC) — 406KB
• proxycard2024_2a.jpg (GRAPHIC) — 384KB
• signature-hlucka.jpg (GRAPHIC) — 57KB
• signature-jbeckwitha.jpg (GRAPHIC) — 26KB
• 0001275168-24-000079.txt (&nbsp;) — 1725KB

– ELECTION OF DIRECTORS

ITEM 1 – ELECTION OF DIRECTORS 14 Election and Classification of Directors 14

– RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

ITEM 2 – RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 17 Audit and Non-Audit Fees 17 Pre-Approval of Services by Moss Adams LLP 17 Audit Committee Report 18 INFORMATION ABOUT OUR EXECUTIVE OFFICERS 19

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 21 Summary Compensation Table 21 Narrative Discussion of Summary Compensation Table 22 Employment Agreements with Named Executive Officers 23 Outstanding Equity Awards at Decembe r 31, 2023 24 2021 Equity Incentive Plan 24 Limitation of Liability and Indemnification 25 Rule 10b5-1 Sales Plans 26 DIRECTOR COMPENSATION 27 STOCK INFORMATION 28

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 28 Delinquent Section 16(a) Reports 30 OTHER INFORMATION 31 Transactions with Related Parties 31 Shareholder Communications 34 4 INFORMATION ABOUT THE ANNUAL MEETING This proxy statement is furnished in connection with the solicitation of proxies by the board of directors of Five Star Bancorp (which we refer to in this proxy statement as "we," "us," "our," or the "Company") to be used at the 2024 annual meeting of shareholders of the Company (the "annual meeting"). The Company is a bank holding company that operates through its wholly owned subsidiary, Five Star Bank ("Five Star" or the "Bank"). Internet Availability of Proxy Materials This proxy statement and the Annual Report on Form 10-K for the year ended December 31, 2023 (the "Annual Report on Form 10-K") are available on the Company's investor relations website at httpsinvestors.fivestarbank.comfinancial-informationsec-filings. You can also obtain copies free of charge on the Securities and Exchange Commission's ("SEC") website at www.sec.gov. A Notice of Internet Availability of Proxy Materials regarding this proxy statement is being first mailed to shareholders on or about April 3, 2024, containing instructions on how to access and review this proxy statement and the Annual Report on Form 10-K. The Notice of Internet Availability of Proxy Materials also instructs you as to how you may submit your proxy card via the internet, telephone, or mail (if you received printed proxy materials). If you would like to receive a printed copy of our proxy materials, you should follow the instructions for requesting those materials included in the Notice of Internet Availability of Proxy Materials. Website addresses referenced herein are intended to provide inactive, textual references only, and the information on these websites is not part of this proxy statement. Time and Location The annual meeting will be held in person at The Sutt

View Full Filing

View this DEF 14A filing on SEC EDGAR