PCB Bancorp 8-K Summary: Annual Meeting Results
Business Context and Reporting Period
This Form 8-K reports the results of the annual meeting of shareholders for PCB Bancorp, held on May 27, 2026. The voting record date was March 31, 2026, with 14,231,423 shares of common stock outstanding. The filing covers the election of directors, an advisory vote on executive compensation, and the ratification of the independent auditor.
Key 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 outcomes.
Material Changes and Voting Results
A total of 10,029,076 shares were presented and voted at the meeting, representing 70.47% of the issued and outstanding shares entitled to vote. All three proposals were approved:
- Proposal 1 (Election of Directors): All eight nominees were elected. Daniel Cho and Janice Chung received the highest support with over 8.6 million votes "For," while Sang Young Lee received the most "Withheld" votes (631,778).
- Proposal 2 (Advisory Vote on Executive Compensation): Approved with 8,493,476 votes "For" versus 138,194 "Against."
- Proposal 3 (Ratification of Auditor): Crowe LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 10,015,747 votes "For" and only 12,926 "Against."
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Key Facts for Investor Verification
- Verify the tenure of the newly elected board members, specifically noting the high number of withheld votes for Sang Young Lee.
- Confirm the engagement of Crowe LLP for the fiscal year ending December 31, 2026.
- Review the full proxy statement for details on executive compensation packages approved by the advisory vote.
- Check subsequent filings for the company's financial performance, as this 8-K contains no financial data.