MetroCity Bankshares Files 8-K on Shareholder Votes
Ticker: MCBS · Form: 8-K · Filed: May 16, 2024 · CIK: 1747068
| Field | Detail |
|---|---|
| Company | Metrocity Bankshares, Inc. (MCBS) |
| Form Type | 8-K |
| Filed Date | May 16, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, shareholder-vote
Related Tickers: MCBS
TL;DR
MCBS filed an 8-K for shareholder votes on 5/16. Details TBD.
AI Summary
MetroCity Bankshares, Inc. filed an 8-K on May 16, 2024, to report on matters submitted to a vote of its security holders. The filing does not contain specific details about the votes or outcomes, but it fulfills the requirement for reporting such events.
Why It Matters
This filing indicates that MetroCity Bankshares held a shareholder vote, a standard corporate governance event. The lack of specific details in this particular filing means further information would be needed to understand the implications of the vote.
Risk Assessment
Risk Level: low — This is a routine corporate filing reporting on a shareholder vote, with no immediate financial or operational impact disclosed.
Key Players & Entities
- MetroCity Bankshares, Inc. (company) — Registrant
- May 16, 2024 (date) — Date of earliest event reported
FAQ
What specific matters were submitted to a vote of MetroCity Bankshares' security holders?
The filing states that matters were submitted to a vote of security holders, but does not specify what those matters were.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on May 16, 2024.
What is the exact name of the registrant?
The exact name of the registrant is MetroCity Bankshares, Inc.
What is the principal executive office address of MetroCity Bankshares, Inc.?
The address of the principal executive offices is 5114 Buford Highway, Doraville, Georgia 30340.
What is the telephone number of MetroCity Bankshares, Inc.?
The telephone number of MetroCity Bankshares, Inc. is (770) 455-4989.
Filing Stats: 522 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-05-16 16:39:01
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share MCBS The Nasdaq Stock Mar
Filing Documents
- mcbs-20240516x8k.htm (8-K) — 54KB
- 0001747068-24-000026.txt ( ) — 171KB
- mcbs-20240516.xsd (EX-101.SCH) — 3KB
- mcbs-20240516_lab.xml (EX-101.LAB) — 16KB
- mcbs-20240516_pre.xml (EX-101.PRE) — 10KB
- mcbs-20240516x8k_htm.xml (XML) — 5KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On May 16, 2024, MetroCity Bankshares, Inc. (the "Company") held its 2024 Annual Meeting of Shareholders (the "Annual Meeting"). Of the 25,205,506 shares of common stock of the Company outstanding as of the record date for the Annual Meeting, 21,248,946 shares, or 84.30% of the outstanding common shares entitled to vote, were represented in person or by proxy at the Annual Meeting. The final results of each of the proposals voted on by the Company's shareholders are described below: Proposal 1 – Election of Directors: To elect three (3) incumbent Class III directors named in the proxy statement to serve until the 2027 Annual Meeting of Shareholders. Director Votes For Votes Against Abstentions Broker Non-Votes Don T.P. Leung 18,115,658 588,320 198 2,544,770 Ajit Patel 16,584,011 2,119,967 198 2,544,770 Farid Tan 17,872,763 831,215 198 2,544,770 Proposal 2 – Ratification of Auditors: To ratify the appointment of Crowe LLP as the Company's independent registered public accounting firm for the year ended December 31, 2024. Votes For Votes Against Abstentions Broker Non-Votes 21,196,112 52,219 615 —
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. METROCITY BANKSHARES, INC. Date: May 16, 2024 By: /s/ Lucas Stewart Lucas Stewart Chief Financial Officer