Baycom Corp Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Baycom Corp on July 17, 2018, regarding the results of its annual meeting of shareholders held on the same date. The company is incorporated in California and is classified as an emerging growth company.
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 results.
Material Changes and Voting Results
Shareholders voted on two proposals at the annual meeting:
- Proposal 1: Election of Directors - Shareholders approved the election of eight directors for a term expiring in 2019. The directors elected were Lloyd W. Kendall, Jr., George J. Guarini, James S. Camp, Harpreet S. Chaudhary, Rocco Davis, Malcolm F. Hotchkiss, Robert G. Laverne, MD, and David M. Spatz.
- Proposal 2: Ratification of Auditors - Shareholders approved the ratification of Moss Adams LLP as the independent registered public accounting firm for the year ending December 31, 2018.
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 specific vote counts for directors receiving significant "Withheld" votes, specifically George J. Guarini (527,266 withheld) and Malcolm F. Hotchkiss (552,060 withheld).
- Confirm the total number of shares entitled to vote based on the record date of May 25, 2018.
- Review the full proxy statement for details on director qualifications and the rationale for the auditor selection.