USCB FINANCIAL HOLDINGS, INC. current report, 31 March 2022

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USCB Financial Holdings, Inc. Form 8-K Summary

Business Context and Reporting Period

USCB Financial Holdings, Inc., a Florida bank holding company and emerging growth company, filed a Form 8-K dated April 6, 2022, reporting an event effective March 31, 2022. Its wholly owned subsidiary is U.S. Century Bank. The company’s common stock trades on Nasdaq under the symbol USCB.

Financial Metrics

This filing does not provide financial statements or clear values for revenue, net income, cash flow, margins, debt, liquidity, assets, deposits, loans, or capital ratios. No financial results or guidance are reported.

Material Changes

  • Effective March 31, 2022, Maria del Carmen Alonso was appointed to the company’s Board of Directors.
  • Ms. Alonso was also appointed to the Board of Directors of U.S. Century Bank.
  • Her initial term expires at the company’s 2022 annual meeting of shareholders.
  • No determination had been made regarding her appointment to board committees.
  • In connection with the appointment, she will receive an option covering 5,000 shares of Class A Voting Common Stock, vesting on the first anniversary of the grant date.

Guidance, Commentary, Risks, and Unusual Items

  • The filing states that there were no arrangements or understandings with company or bank directors or executive officers supporting Ms. Alonso’s election.
  • No company or bank director or executive officer is related to Ms. Alonso by blood, marriage, or adoption.
  • The filing reports no related-party transactions involving Ms. Alonso requiring disclosure under Item 404(a) of Regulation S-K.
  • No operating outlook, risk update, contingency, or unusual financial item is disclosed.
  • Exhibit 99.1 is a press release dated April 6, 2022 announcing the appointment.

Important Facts for Investors to Verify

  1. Review the terms, exercise price, and accounting treatment of the 5,000-share stock option when disclosed.
  2. Confirm the director’s committee assignments and election status following the 2022 annual meeting.
  3. Review subsequent filings for any changes in board composition, governance, or related-party disclosures.
  4. Use the company’s periodic financial filings for current revenue, profitability, liquidity, debt, capital, and operating trends, as this Form 8-K provides no such data.