MetroCity Bankshares Files Definitive Proxy Statement

TL;DR

MCBS proxy statement filed, annual meeting May 16. Shareholders vote soon.

AI Summary

MetroCity Bankshares, Inc. filed its definitive proxy statement on April 12, 2024, for its annual meeting on May 16, 2024. The filing, designated as DEF 14A, outlines the information required for the proxy statement under the Securities Exchange Act of 1934. The company is incorporated in Georgia and its fiscal year ends on December 31.

Why It Matters

This filing is crucial for shareholders as it contains important information regarding the upcoming annual meeting, including proposals to be voted on and details about the company's governance.

Risk Assessment

Risk Level: low — This is a routine regulatory filing (DEF 14A) and does not contain new financial performance data or significant corporate actions.

Key Numbers

• 20240516 — Annual Meeting Date (Shareholders will vote on matters presented in the proxy statement on this date.)
• 20240412 — Filing Date (The definitive proxy statement was filed with the SEC on this date.)

Key Players & Entities

• MetroCity Bankshares, Inc. (company) — Registrant
• 0001747068-24-000014.txt (document) — Filing identifier
• 20240412 (date) — Filing date
• 20240516 (date) — Annual meeting date
• GA (state) — State of incorporation

FAQ

Key Financial Figures

• $0.01 — outstanding shares of our common stock, $0.01 par value (the "common stock"). This

Filing Documents

• mcbs-20240516xdef14a.htm (DEF 14A) — 601KB
• mcbs-20240516xdef14a_a001.jpg (GRAPHIC) — 6KB
• mcbs-20240516xdef14a_a002.jpg (GRAPHIC) — 6KB
• mcbs-20240516xdef14a_a004.jpg (GRAPHIC) — 6KB
• mcbs-20240516xdef14a_bg001.jpg (GRAPHIC) — 179KB
• mcbs-20240516xdef14a_bg002.jpg (GRAPHIC) — 136KB
• 0001747068-24-000014.txt ( ) — 1061KB

EXECUTIVE COMPENSATION AND OTHER MATTERS

EXECUTIVE COMPENSATION AND OTHER MATTERS 21 Summary Compensation Table 21 Employment Agreements with Named Executive Officers 21 Executive Incentive Bonus Plan 22 Equity Awards Granted During 2023 22 Outstanding Equity Awards at 2023 Fiscal Year-End 23 Other Retirement Benefits 23 2023 Compensation of Directors 23 Equity Compensation Plan Information 24 Prohibitions on Hedging 24 Clawback Policy 24 Section 16(a) Beneficial Ownership Reporting Compliance 24 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 25 BENEFICIAL OWNERSHIP OF THE COMPANY'S COMMON STOCK BY MANAGEMENT AND PRINCIPAL STOCKHOLDERS OF THE COMPANY 26 PROPOSAL 2 RATIFICATION OF THE APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 28 AUDIT AND COMPLIANCE COMMITTEE REPORT 30 SHAREHOLDER PROPOSALS 31 SHAREHOLDER COMMUNICATIONS 31 HOUSEHOLDING 31 ADDITIONAL INFORMATION 32 OTHER MATTERS 32 Table of Contents METROCITY BANKSHARES, INC. PROXY STATEMENT FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 16, 2024 Unless the context otherwise requires, references in this proxy statement to "we," "us," "our," "our company," the "Company" or "MetroCity" refer to MetroCity Bankshares, Inc., a Georgia corporation, and its consolidated subsidiary, except where context requires otherwise; references to "the Bank" or "our Bank" refer to Metro City Bank, a wholly-owned subsidiary of the Company. In addition, unless the context otherwise requires, references to "shareholders" are to the holders of outstanding shares of our common stock, $0.01 par value (the "common stock"). This proxy statement is being furnished in connection with the solicitation of proxies by the board of directors of the Company (the "board") for use at the 2024 annual meeting of shareholders of the Company to be held on Thursday, May 16, 2024 at 4:00 p.m., Eastern Time, at the main office of Metro City Bank located at 5114 Buford Highway, Doraville, Georgia

View Full Filing

View this DEF 14A filing on SEC EDGAR