PCB Bancorp Announces Annual Shareholder Meeting on May 23, 2024

TL;DR

<b>PCB Bancorp schedules its Annual Shareholder Meeting for May 23, 2024, to elect directors.</b>

AI Summary

PCB BANCORP (PCB) filed a Proxy Statement (DEF 14A) with the SEC on April 8, 2024. PCB Bancorp will hold its Annual Meeting of Shareholders on Thursday, May 23, 2024, at 10:30 a.m. Pacific Time. The meeting will take place at the PCB Bancorp Headquarters located at 3701 Wilshire Boulevard, Suite 900, Los Angeles, California. Shareholders will vote on the election of eight directors to the Board. The Board of Directors has nominated Kijun Ahn, Daniel Cho, Haeyoung Cho, and Janice Chung for election. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 8, 2024.

Why It Matters

For investors and stakeholders tracking PCB BANCORP, this filing contains several important signals. Shareholders have the opportunity to influence the company's governance by electing directors who will oversee PCB Bancorp's strategy and operations. The annual meeting serves as a key forum for shareholder engagement and provides transparency on the company's leadership and direction.

Risk Assessment

Risk Level: low — PCB BANCORP shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational disclosures that would indicate high risk.

Analyst Insight

Review the nominated directors and any proposals to be voted on at the Annual Meeting to make an informed voting decision.

Key Numbers

• 8 — Directors (Number of directors to be elected to the Board)
• 2024-05-23 — Annual Meeting Date (Date of the Annual Meeting of Shareholders)
• 10:30 — Meeting Time (Time of the Annual Meeting of Shareholders)

Key Players & Entities

• PCB BANCORP (company) — Registrant and Filer
• May 23, 2024 (date) — Date of Annual Meeting
• 10:30 a.m., Pacific Time (time) — Time of Annual Meeting
• 3701 Wilshire Boulevard, Suite 900, Los Angeles, California (location) — Location of Annual Meeting and Company Headquarters
• Kijun Ahn (person) — Nominee for Board of Directors
• Daniel Cho (person) — Nominee for Board of Directors
• Haeyoung Cho (person) — Nominee for Board of Directors
• Janice Chung (person) — Nominee for Board of Directors

FAQ

Industry Context

PCB Bancorp operates within the commercial banking sector, focusing on financial services.

Regulatory Implications

As a publicly traded company, PCB Bancorp is subject to SEC regulations, including proxy filing requirements under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the list of nominated directors and their qualifications.
2. Understand any proposals or resolutions to be voted on during the meeting.
3. Ensure your proxy is submitted or plan to attend the meeting to vote.

Key Dates

• 2024-05-23: Annual Meeting of Shareholders — Shareholders will elect directors and vote on company matters.
• 2024-04-08: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Year-Over-Year Comparison

This filing is a DEF 14A, indicating it is the definitive proxy statement for the upcoming annual meeting, following any preliminary filings.

Key Financial Figures

• $1.44 billion — otal assets consistently increased from $1.44 billion at December 31, 2017 to $2.79 billion a
• $2.79 billion — m $1.44 billion at December 31, 2017 to $2.79 billion at December 31, 2023, and the Company's
• $142.2 million — y's shareholders' equity increased from $142.2 million to $348.9 million over that same time p
• $348.9 million — equity increased from $142.2 million to $348.9 million over that same time period. In addition

Filing Documents

• pcb2024proxystatementdef.htm (DEF 14A) — 491KB
• pcbbancorp-copy.jpg (GRAPHIC) — 53KB
• pcbproxycard_pagex1.jpg (GRAPHIC) — 812KB
• pcbproxycard_pagex2.jpg (GRAPHIC) — 477KB
• 0001423869-24-000013.txt (&nbsp;) — 2338KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 16

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 17 Executive Officers 17 Summary Compensation Table 18 Narrative Discussion of Compensation 19 CEO E mployment Agreements 20 Equity Compensation Plans 21 Outstanding Equity Awards at Fiscal Year End 22 Pay Versus Performance Table 23 Narrative Discussion of Pay Versus Performance 24 TRANSACTIONS WITH RELATED PERSONS, PROMOTERS, AND CERTAIN CONTROL PERSONS 25 DELINQUENT SECTION 16(A) REPORTS 25 PROPOSAL NO. 2 ADVISORY VOTE ON EXECUTIVE COMPENSATION 26 PROPOSAL NO. 3 FREQUENCY OF ADVISORY VOTE ON EXECUTIVE COMPENSATION 27 PROPOSAL NO. 4 BYLAW AMENDMENT INCREASING THE RANGE OF AUTHORIZED DIRECTORS 28 PROPOSAL NO. 5 INDEPENDENT PUBLIC ACCOUNTANTS 29 Report of the Audit Committee of the Board of Directors 29 Independent Auditor Fees 30 Preapproval of Services by Independent Auditor 30 Vote Required 30 OTHER MATTERS 31 Shareholder Nominations and Proposals 31 Shareholder Communications 31 Annual Report on Form 10-K 31 3 PROXY STATEMENT FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 23, 2024 PROXY STATEMENT SUMMARY This proxy statement relates to the solicitation of proxies for the Annual Meeting of Shareholders of PCB Bancorp (the "Company" or "we") to be held at the Company's headquarters at 3701 Wilshire Boulevard, Suite 900, Los Angeles, California on May 23, 2024, at 1030 a.m. Pacific Time and at any adjournments or postponements thereof (the "Annual Meeting"). At the Annual Meeting, if you are a shareholder of record on March 28, 2024 (the "Record Date"), you may Vote on the election of eight directors. Vote to approve, on a non-binding advisory basis, the compensation of the Company's named executive officers. Vote, on a non-binding advisory basis, whether future shareholder advisory votes on the compensation of the Company's named executive officers should be held every one, two or three years. Vote to approve an amendment to the Company's bylaws authoriz

View Full Filing

View this DEF 14A filing on SEC EDGAR