California Bancorp 8-K Summary: Annual Meeting Results
Business Context and Reporting Period
California Bancorp (BCAL) filed this Form 8-K on May 21, 2025, to report the results of its 2025 Annual Meeting of Shareholders held on the same date. The company is incorporated in California and its common stock trades on The Nasdaq Stock Market LLC.
Key Financial Metrics
This filing is a current report regarding corporate governance and shareholder voting. It does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The filing text does not provide a clear value for any financial metric.
Material Changes and Voting Results
The filing details the outcomes of two shareholder proposals:
- Proposal I: Election of Directors All twelve (12) nominees were elected to one-year terms. The voting results for each director were as follows:
| Director Name | For Votes | Withheld Votes | Broker Non-Votes |
|---|---|---|---|
| Andrew J. Armanino, Jr. | 22,855,849 | 249,995 | 2,215,461 |
| Stephen A. Cortese | 22,640,280 | 465,564 | 2,215,461 |
| Kevin J. Cullen | 22,841,908 | 263,936 | 2,215,461 |
| Frank D. Di Tomaso | 22,749,609 | 356,235 | 2,215,461 |
| Rochelle G. Klein | 22,713,548 | 392,296 | 2,215,461 |
| Dr. Lester Machado | 22,643,367 | 462,477 | 2,215,461 |
| Richard Martin | 22,691,612 | 414,232 | 2,215,461 |
| Frank L. Muller | 22,865,314 | 240,530 | 2,215,461 |
| David I. Rainer | 23,016,497 | 89,347 | 2,215,461 |
| Steven E. Shelton | 22,648,335 | 457,509 | 2,215,461 |
| David Volk | 22,738,351 | 367,493 | 2,215,461 |
| Anne Williams | 22,681,455 | 424,389 | 2,215,461 |
- Proposal II: Ratification of Auditors Shareholders approved the selection of RSM US LLP as the independent registered public accounting firm for the year ending December 31, 2025.
| Vote Type | Count |
|---|---|
| For | 25,232,229 |
| Against | 13,330 |
| Abstain | 75,746 |
| Broker Non-Votes | 0 |
Guidance, Outlook, and Risks
This filing contains no management commentary, financial guidance, outlook, risk factors, contingencies, or unusual items. It is strictly a report of voting results.
Key Facts for Investor Verification
- Verify the total number of shares entitled to vote to contextualize the "For" and "Withheld" vote percentages.
- Confirm the term length for the newly elected directors (stated as one year).
- Review the upcoming 10-K or 10-Q filings for the financial performance data not included in this 8-K.
- Note the significant number of broker non-votes (2,215,461) for the director election, indicating shares held in street name where brokers lacked discretionary voting power.