Capital Bancorp Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K reports on the results of the Annual Meeting of Stockholders held on May 16, 2019. The report was filed on May 20, 2019. Capital Bancorp, Inc. is an emerging growth company incorporated in Maryland, with its principal executive offices in Rockville, Maryland.
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 voting results.
Material Changes
No material financial changes were reported in this filing. The document details the successful approval of two proposals by stockholders:
- Proposal 1: Election of four Class II directors for a three-year term ending at the 2022 Annual Meeting.
- Proposal 2: Ratification of Elliott Davis, PLLC as the independent registered public accounting firm for fiscal year 2019.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. It strictly documents the vote counts for the proposals submitted at the Annual Meeting.
Key Facts for Investors
- Voting Outcome: Both proposals submitted at the Annual Meeting were approved by stockholders.
- Director Election: Edward F. Barry, C. Scott Brannan, Randall J. Levitt, and Deborah Ratner-Salzberg were elected as Class II directors.
- Accounting Firm: Stockholders ratified the appointment of Elliott Davis, PLLC as the independent auditor for 2019.
- Broker Non-Votes: There were 1,022,429 broker non-votes recorded for the director election, but zero broker non-votes for the auditor ratification.