Business Context and Reporting Period
This Form 8-K Current Report was filed by FIVE STAR BANCORP on July 6, 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 comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The report focuses exclusively on a corporate action regarding shareholder distributions.
- Dividend Declaration: $0.15 per share of common stock.
- Record Date: July 13, 2021.
- Payment Date: Expected July 20, 2021.
Material Changes
The material event reported is the Board of Directors' declaration of a quarterly cash dividend. No other material changes to operations, financial condition, or capital structure are detailed in this specific filing.
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements regarding future events, business plans, and expected operating results. Management cautions that actual results may differ materially due to known and unknown risks and uncertainties. Specific risk factors are referenced in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021. No specific financial guidance or outlook numbers are provided in this document.
Investor Verification Checklist
- Verify the record date (July 13, 2021) to confirm eligibility for the $0.15 dividend.
- Confirm the expected payment date of July 20, 2021.
- Review the attached Press Release (Exhibit 99.1) for additional context on the dividend declaration.
- Consult the Form 10-Q for the quarter ended March 31, 2021, for detailed risk factors and financial performance data not included in this 8-K.