River Financial Corp. Announces Annual Meeting of Shareholders on May 14, 2024

TL;DR

<b>River Financial Corporation is holding its Annual Shareholder Meeting on May 14, 2024, to elect its Board of Directors.</b>

AI Summary

River Financial Corp (RVRF) filed a Proxy Statement (DEF 14A) with the SEC on April 2, 2024. River Financial Corporation will hold its Annual Meeting of Shareholders on May 14, 2024, at 5:30 p.m. CST at The Legends Conference Center in Prattville, Alabama. The primary purpose of the meeting is the election of the Board of Directors. Shareholders of record as of March 20, 2024, are entitled to notice and voting rights. Shareholders can vote by telephone (1-800-652-8683), internet (www.investorvote.com/RIFC), or in person. The filing is a Definitive Proxy Statement (DEF 14A) filed on April 2, 2024.

Why It Matters

For investors and stakeholders tracking River Financial Corp, this filing contains several important signals. This meeting is a crucial governance event where shareholders exercise their right to elect the individuals who will oversee the company's strategic direction and management. The proxy statement provides essential information for shareholders to make informed voting decisions, particularly regarding the composition and performance of the Board of Directors.

Risk Assessment

Risk Level: low — River Financial Corp 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

Shareholders should review the proxy materials to understand the director nominees and vote their shares by the record date of March 20, 2024, to ensure their voice is heard.

Key Numbers

• May 14, 2024 — Annual Meeting Date (Date for the Annual Meeting of Shareholders.)
• 5:30 p.m. CST — Annual Meeting Time (Time for the Annual Meeting of Shareholders.)
• March 20, 2024 — Record Date (Date to determine shareholders eligible to vote.)
• 1-800-652-8683 — Telephone Voting Number (Number for shareholders to vote by phone.)
• www.investorvote.com/RIFC — Internet Voting URL (URL for shareholders to vote online.)

Key Players & Entities

• River Financial Corporation (company) — Registrant and filer of the proxy statement.
• May 14, 2024 (date) — Date of the Annual Meeting of Shareholders.
• March 20, 2024 (date) — Record date for determining shareholder voting eligibility.
• Larry Puckett (person) — Chairman of the Board, authorizing the notice.
• Prattville, Alabama (location) — Location of the company's business and mailing address.

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The company must comply with all SEC rules and regulations regarding proxy solicitations and annual meetings, including timely filing and accurate disclosure.

Key Dates

• 2024-05-14: Annual Meeting of Shareholders — Shareholders will vote on the election of the Board of Directors.
• 2024-03-20: Record Date — Determines which shareholders are eligible to vote at the Annual Meeting.
• 2024-04-02: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.

Glossary

Proxy Statement

A document filed by a company with the SEC that contains information that shareholders need to vote on company matters. (Provides shareholders with the necessary details to make informed decisions regarding the election of directors and other company business.)

Record Date

A specific date set by the company to determine which shareholders are eligible to receive notice of and vote at a shareholder meeting. (Crucial for ensuring only eligible shareholders can participate in the voting process for the Annual Meeting.)

Filing Documents

• 2024_proxy_-_8k.htm (DEF 14A) — 130KB
• img233825365_0.jpg (GRAPHIC) — 3879KB
• img233825365_1.jpg (GRAPHIC) — 2885KB
• 0000950170-24-039940.txt (&nbsp;) — 9448KB

SECURITY OWNERSHIP OF DIRECTORS, EXECUTIVE OFFICERS AND PRINCIPAL SECURITY HOLDERS

SECURITY OWNERSHIP OF DIRECTORS, EXECUTIVE OFFICERS AND PRINCIPAL SECURITY HOLDERS The following table sets forth certain information regarding the beneficial ownership of our common stock as of March 20, 2024 by: &#x2022; each of our directors; &#x2022; all of our current directors and executive officers as a group; and &#x2022; each stockholder known by us to beneficially own more than 5% of our common stock Except as indicated in footnotes to this table, we believe that the stockholders named in this table have sole voting and investment power with respect to all shares of common stock shown to be beneficially owned by them, based on information provided to us by such stockholder. Name Amount and Nature of Beneficial Ownership Percentage of Outstanding Shares (1) Director Nominee Larry Puckett 146,085 1.91% Vernon B Taylor 153,496 2.00% James M Stubbs 276,120 (2) 3.60% Gerald R Smith, Jr 139,250 (3) 1.82% W. Murray Neighbors 64,843 0.85% John A. Freeman 27,996 0.37% Charles R Moore, III. 21,737 0.28% Charles E Herron, Jr. 171,487 2.24% Brian McLeod 16,492 0.22% Executive Officer Jason B Davis 11,300 (4) 0.15% Executive Officers and Directors as a Group 1,028,806 (5) 13.42% 5% Stockholders known by us N/A (1) Based upon total outstanding shares as of March 20, 2024. Percentages are calculated for each person assuming the exercise of stock options or stock warrants held by such person but that no other person exercises stock options or stock warrants. For the directors and executive officers as a group, the percentage is determined by assuming that each director and executive officer exercises all stock options and stock warrants but that no other person exercises stock options or stock warrants. (2) James M Stubbs&#x2019; ownership includes 91,000 vested stock options not yet exercised, 4,800 unvested restricted stock grants but have full voting rights, and 41,875 shares

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS The audited financial statements of the Company for the fiscal year ended December 31, 2023 were prepared in conformity with Generally Accepted Accounting Principles and are available online at www.edocumentview.com/RIFC . If you would like a paper copy at no charge of the Form 10K, please call Karen Thompson Smith at (334) 290-2704 or email InvestorRelations@river.bank . OTHER MATTERS The Board of Directors is not aware of any other matters to be presented at the Annual Meeting. If any other matter properly comes before the Annual Meeting requiring a vote of the stockholders, it is the intention of the persons named in the accompanying proxy to vote the shares represented thereby on such matters as determined by a majority of the Board of Directors. At your request, we will provide to you, at no charge, copies of the Articles of Incorporation and Bylaws of the Company. You may review information on the Company contained in the Company&#x2019;s Form 10-K, Forms 10-Q and Forms 8-K and filed with the Securities Exchange Commission at www.sec.gov. River vote ENDORSEMENT LINE SACKPACK MR A SAMPLE DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 ADD 5 ADD 6 000000000.000000 ext 000000000.000000 ext 000000000.000000 ext 000000000.000000 ext 000000000.000000 ext 000000000.000000 ext C123456789 Your vote matters &#x2013; here&#x2019;s how to vote! You may vote online or by phone instead of mailing this card. Online Go to www.envisionreports.com/RIFC or scan the QR code &#x2014; login details are located in the shaded bar below. Phone Call toll free 1-800-652-VOTE (8683) within the USA, US territories and Canada Save paper, time and money! Sign up for electronic delivery at www.envisionreports.com/RIFC Using a black ink pen, mark your votes with an X as shown in this example. Please do not write outside the designated areas. 2024 Annual Meeting Proxy Card 1234 5678 9012 345 IF VOTING BY MAIL, SIGN, DETACH AND RETURN THE BOTTOM PORTION IN THE ENCLOSED

View Full Filing

View this DEF 14A filing on SEC EDGAR