PCB Bancorp Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by PCB Bancorp (NASDAQ: PCB) on February 13, 2020, regarding an event that occurred on February 11, 2020. The Company is incorporated in California and is classified as an emerging growth company.
Financial Metrics
This filing does not contain financial data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing reports the passing of Suk Won Youn, a member of the Board of Directors and former Chairman, on February 11, 2020. Mr. Youn had served on the Board of Pacific City Bank since 2005 and the Company since its formation in 2007. He was a member of the Nominating and Governance Committee.
At a special meeting held on February 12, 2020, the Board reduced its size from seven to six members. The Board has no immediate plans to seek a replacement for Director Youn.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or discussion of operational risks beyond the personnel change. No unusual items or contingencies were disclosed.
Key Facts for Investors
- Director Suk Won Youn passed away on February 11, 2020.
- The Board of Directors has been reduced to six members.
- The Company has no immediate plans to appoint a replacement director.
- This filing does not provide any financial performance data.