Business Context and Reporting Period
This Form 8-K Current Report was filed by FIVE STAR BANCORP on June 17, 2021. 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.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report focuses exclusively on corporate governance changes.
Material Changes
The primary material event reported is the appointment of Leigh White to the Board of Directors, effective June 17, 2021. There are no reported changes to financial performance or operational metrics in this document.
Guidance, Outlook, and Management Commentary
Ms. White will receive cash and equity compensation as a non-employee director, prorated from the date of her appointment, consistent with the terms described in the Company's Registration Statement on Form S-1 (filed May 3, 2021). The filing explicitly states there are no undisclosed arrangements regarding her selection and no material interest transactions subject to disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the specific compensation structure for non-employee directors in the Form S-1 filed on May 3, 2021.
- Review the press release dated June 22, 2021 (Exhibit 99.1) for additional biographical details on Leigh White.
- Confirm the current composition of the Board of Directors following this appointment.