Business Context and Reporting Period
This Form 8-K filing by PCB Bancorp (formerly Pacific City Financial Corporation) reports a corporate name change effective July 1, 2019. The company is incorporated in California and is designated as an emerging growth company.
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 changes rather than financial performance.
Material Changes
- Corporate Name Change: The company's name was officially changed from "Pacific City Financial Corporation" to "PCB Bancorp" effective July 1, 2019.
- Amendments: The Board of Directors approved an amendment to the Articles of Incorporation on March 28, 2019, which was ratified by shareholders on May 23, 2019. The Bylaws were also revised on July 1, 2019, solely to reflect the new name.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document serves strictly to disclose the legal formalization of the name change.
Key Facts for Investors
- Verify the new legal name "PCB Bancorp" in all future filings and communications.
- Confirm that the name change was approved by a majority vote of outstanding shares at the May 23, 2019 annual meeting.
- Note that no other changes were made to the Bylaws aside from the name update.
- Review Exhibits 3.1 and 3.2 for the full text of the Certificate of Amendment and Amended Bylaws.