Business Context and Reporting Period
This Form 8-K is a current report filed by FIVE STAR BANCORP on December 26, 2024. The registrant is incorporated in California and its common stock trades on The Nasdaq Stock Market LLC under the symbol FSBC. The company is classified 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 and does not contain financial performance data.
Material Changes
The material change reported is the departure of a director:
- Leigh White notified the Company of her intention to resign from the Board of Directors.
- The resignation is effective January 2, 2025.
- The departure is not the result of any disagreement with the Company regarding its operations, policies, or practices.
Guidance, Outlook, and Risks
The filing contains no guidance, outlook, management commentary on financial performance, or discussion of risks and contingencies. The only commentary provided is the Board's expression of gratitude for Ms. White's dedication and contributions during her tenure.
Key Facts for Investor Verification
- Verify the effective date of Leigh White's resignation (January 2, 2025).
- Confirm whether the Board has initiated a search for a replacement director.
- Review the composition of the Board post-resignation to ensure compliance with Nasdaq listing standards regarding independent directors.