PCB Bancorp Changes Fiscal Year End
Ticker: PCB · Form: 8-K · Filed: May 24, 2024 · CIK: 1423869
| Field | Detail |
|---|---|
| Company | Pcb Bancorp (PCB) |
| Form Type | 8-K |
| Filed Date | May 24, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: fiscal-year-change, reporting-change
Related Tickers: PCB
TL;DR
PCB Bancorp just changed its fiscal year end to June 30th, starting now.
AI Summary
On May 23, 2024, PCB Bancorp filed an 8-K report detailing a change in its fiscal year end from December 31st to June 30th, effective immediately. This change will impact the timing of future financial reporting periods for the company.
Why It Matters
This change in fiscal year end will alter the reporting schedule for PCB Bancorp's financial statements, potentially affecting how investors and analysts track the company's performance over time.
Risk Assessment
Risk Level: low — The filing is a routine administrative change regarding fiscal year end and does not involve any immediate financial risks or operational disruptions.
Key Numbers
- 12/31 — Previous Fiscal Year End (The company is changing from this date.)
- 06/30 — New Fiscal Year End (Effective immediately, this will be the new reporting period end.)
Key Players & Entities
- PCB BANCORP (company) — Registrant
- May 23, 2024 (date) — Date of Report
- June 30th (date) — New Fiscal Year End
- December 31st (date) — Previous Fiscal Year End
- 3701 Wilshire Boulevard, Suite 900, Los Angeles, California 90010 (address) — Principal Office Address
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose is to report a change in PCB Bancorp's fiscal year end from December 31st to June 30th, effective immediately.
When is the new fiscal year end for PCB Bancorp?
The new fiscal year end for PCB Bancorp is June 30th.
When was the previous fiscal year end?
The previous fiscal year end was December 31st.
What is the effective date of this change?
The change is effective immediately as of May 23, 2024.
What is the principal office address of PCB Bancorp?
The principal office address is 3701 Wilshire Boulevard, Suite 900, Los Angeles, California 90010.
Filing Stats: 992 words · 4 min read · ~3 pages · Grade level 11.6 · Accepted 2024-05-23 20:06:12
Filing Documents
- pcb-20240523.htm (8-K) — 63KB
- pcb8kex3120240523.htm (EX-3.1) — 114KB
- 0001423869-24-000032.txt ( ) — 332KB
- pcb-20240523.xsd (EX-101.SCH) — 2KB
- pcb-20240523_lab.xml (EX-101.LAB) — 23KB
- pcb-20240523_pre.xml (EX-101.PRE) — 13KB
- pcb-20240523_htm.xml (XML) — 3KB
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. At the annual meeting of shareholders of PCB Bancorp (the "Company") held on May 23, 2024, shareholders approved an amendment to the Company's bylaws authorizing a range of seven to 13 directors. The amendment was effective immediately. A copy of the Company's amended and restated bylaws, which incorporate the amendment and were adopted by the Company's board of directors on the same day, is filed as Exhibit 3.1 to this report.
07 Submission of Matters to Vote of Security Holders
Item 5.07 Submission of Matters to Vote of Security Holders The annual meeting of shareholders of the Company was held on May 23, 2024. As of March 28, 2024, the voting record date for the meeting, there were 14,263,791 shares of the Company's common stock outstanding. At the meeting, the shareholders voted on the following items: 1. election of directors; 2. advisory vote on executive compensation; 3. frequency of advisory vote on executive compensation; 4. bylaw amendment; and 5. ratification of the appointment of Crowe LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. A total of 9,481,582 shares of the Company's common stock were presented and voted at the meeting, constituting 66.47% of the issued and outstanding shares of the Company's common stock entitled to vote at the meeting. The results of the items voted on are as follows: Proposal No.1 Election of directors of the Company Nominee Votes For Votes Withheld Broker Non-Vote Kijun Ahn 7,205,072 305,855 1,970,655 Daniel Cho 7,398,265 112,662 1,970,655 Haeyoung Cho 7,427,376 83,551 1,970,655 Janice Chung 7,435,778 75,149 1,970,655 Henry Kim 7,427,376 83,551 1,970,655 Sang Young Lee 6,657,557 853,370 1,970,655 Hong Kyun "Daniel" Park 7,460,638 50,289 1,970,655 Don Rhee 7,207,358 303,569 1,970,655 Each of the nominees noted above was elected to serve as members of the board of directors of the Company until the Company's next annual meeting of shareholders and until their successors are duly elected and qualified. Proposal No.2 Advisory vote on executive compensation Vote Type Total Shares Votes For 7,112,997 Votes Against 377,733 Votes Abstain 20,197 Broker Non-Vote 1,970,655 The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved. 2 Proposal No. 3 Frequency of advisory vote on executive compensation Vote Type Tota
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 3.1 Bylaws of PCB Bancorp 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 3
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. PCB Bancorp Date: May 23, 2024 /s/ Timothy Chang Timothy Chang Executive Vice President and Chief Financial Officer 4