Business Context and Reporting Period
Third Coast Bancshares, Inc. filed a Form 8-K reporting the results of its annual shareholders’ meeting held on May 26, 2022. The company’s common stock trades on Nasdaq under the symbol TCBX.
Financial Metrics and Liquidity
This filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating or financial performance metrics.
Material Shareholder Votes
Election of Class C Directors
Shareholders elected the following individuals to serve as Class C directors until the 2025 annual meeting:
| Nominee | For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Dr. Martin Basaldua | 4,444,306 | 2,841,739 | 8,474 | 1,775,733 |
| Norma J. Galloway | 5,272,133 | 2,015,162 | 7,224 | 1,775,733 |
| Reagan Swinbank | 5,309,240 | 1,978,055 | 7,224 | 1,775,733 |
Auditor Ratification
Shareholders ratified the appointment of Whitley Penn LLP as the company’s independent registered public accounting firm for the year ending December 31, 2022.
| For | Against | Abstain | Broker Non-Votes |
|---|---|---|---|
| 8,676,091 | 391,937 | 2,224 | None |
Guidance, Outlook, Risks, and Unusual Items
The filing does not provide financial guidance, management outlook, material risk updates, contingencies, or unusual operating items. Its disclosures are limited to annual meeting voting results.
Important Facts to Verify
- Confirm the elected directors’ service through the 2025 annual meeting.
- Confirm Whitley Penn LLP’s appointment as independent registered public accounting firm for 2022.
- Review the company’s periodic financial filings for current operating results, liquidity, capital, credit quality, and other investor-relevant metrics not included in this Form 8-K.