Business Context and Reporting Period
This Form 8-K filing by FIVE STAR BANCORP (FSBC) reports on the results of its Annual Meeting of Shareholders held on May 15, 2025. The company is incorporated in California and its common stock trades on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and voting outcomes rather than financial performance.
Material Changes and Voting Results
Shareholder participation was high, with 19,120,912 shares represented at the meeting, constituting 89.65% of total shares outstanding. Two primary matters were voted upon:
- Election of Directors: All 10 nominees were elected to one-year terms. While most nominees received overwhelming support, nominee Shannon Deary-Bell received a significant number of "Withheld" votes (4,984,387) compared to "For" votes (11,302,555), though still securing election.
- Ratification of Auditors: Shareholders ratified the appointment of Moss Adams LLP as the Independent Registered Public Accounting Firm for the fiscal year ending December 31, 2025. The vote was overwhelmingly in favor (19,108,253 For vs. 11,677 Against).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is a procedural report of the Annual Meeting results.
Investor Verification Checklist
- Verify the specific reasons for the high number of "Withheld" votes for director nominee Shannon Deary-Bell in the 2025 Proxy Statement.
- Confirm the total number of shares outstanding to validate the 89.65% participation rate.
- Review the 2025 Proxy Statement for details on director qualifications and any dissenting shareholder proposals not included in this summary.