Filing Analysis
PCB Bancorp filed an 8-K to announce its unaudited third quarter 2024 financial results, provide an investor presentation, and declare a quarterly cash dividend.
📋 Key Facts
- Declared a quarterly cash dividend of $0.18 per common share on October 23, 2024.
- Dividend record date is November 8, 2024; payment expected on or about November 15, 2024.
- Released unaudited Q3 2024 financial results via press release (Exhibit 99.1).
- Provided an investor presentation regarding Q3 2024 performance (Exhibit 99.2).
PCB Bancorp announced its Q2 2024 unaudited results, declared a quarterly cash dividend of $0.18 per share, and extended its existing stock repurchase program through August 1, 2025.
📋 Key Facts
- Declared a quarterly cash dividend of $0.18 per common share on July 24, 2024.
- Dividend payable on or about August 16, 2024, to shareholders of record as of August 16, 2024.
- Extended the stock repurchase program expiration from August 2, 2024, to August 1, 2025.
- The original program authorizes up to 720,000 shares (approx. 5% of outstanding shares).
- As of the filing date, 142,223 shares have been repurchased and retired, leaving 577,777 shares remaining in the program.
- The company intends to utilize a Rule 10b5-1 trading plan for future repurchases.
PCB Bancorp held its annual meeting of shareholders on May 23, 2024. The filing reports the results of various shareholder votes, including director elections and bylaw amendments.
📋 Key Facts
- Annual meeting held on May 23, 2024; 66.47% of outstanding shares were represented in the vote (9,481,582 shares).
- Shareholders approved an amendment to the bylaws authorizing a range of seven to 13 directors.
- Eight nominees were elected to the Board of Directors: Kijun Ahn, Daniel Cho, Haeyoung Cho, Janice Chung, Henry Kim, Sang Young Lee, Hong Kyun “Daniel” Park, and Don Rhee.
- Shareholders approved an advisory vote on executive compensation (Say-on-Pay).
- The Board decided to hold future non-binding advisory votes on executive compensation every year.
- Crowe LLP was ratified as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024.
PCB Bancorp filed an 8-K to announce its unaudited Q1 2024 financial results, provide an investor presentation, and declare a quarterly cash dividend.
📋 Key Facts
- Unaudited results for the first quarter of 2024 were released on April 25, 2024.
- The Board of Directors declared a quarterly cash dividend of $0.18 per common share.
- Dividend record date is May 10, 2024; payment date is on or about May 17, 2024.
PCB Bancorp issued an 8-K to report its unaudited fourth quarter 2023 financial results, provide an investor presentation, and announce a quarterly cash dividend.
📋 Key Facts
- Released unaudited results for the fourth quarter of 2023 on January 25, 2024.
- Declared a quarterly cash dividend of $0.18 per common share.
- Dividend record date is February 9, 2024; payment expected on or about February 16, 2024.