PCB BANCORP FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders - Insurance News | InsuranceNewsNet

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May 26, 2023 Newswires
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PCB BANCORP FILES (8-K) Disclosing Submission of Matters to a Vote of Security Holders

Edgar Glimpses

Item 5.07 Submission of Matters to Vote of Security Holders

The annual meeting of shareholders of PCB Bancorp (the "Company") was held on
May 25, 2023. As of March 31, 2023, the voting record date for the meeting,
there were 14,297,870 shares of the Company's common stock outstanding. At the
meeting, the shareholders voted on the following items:

1.election of directors;

2.approve the 2023 equity based compensation plan; and

3.ratification of the appointment of Crowe LLP as the Company's independent
registered public accounting firm for the fiscal year ending December 31, 2023.

A total of 10,618,259 shares of the Company's common stock were presented and
voted at the meeting, constituting 74.26% of the issued and outstanding shares
of the Company's common stock entitled to vote at the meeting.

The results of the items voted on are as follows:

Proposal No.1 Election of directors of the Company

         Nominee                 Votes For        Votes Withheld       Broker Non-Vote
Kijun Ahn                      7,760,628            871,239            1,986,392
Daniel Cho                     8,533,271             98,596            1,986,392
Haeyoung Cho                   6,096,927          2,534,940            1,986,392
Janice Chung                   8,534,988             96,879            1,986,392
Henry Kim                      8,509,880            121,987            1,986,392
Sang Young Lee                 7,492,276          1,139,591            1,986,392
Hong Kyun "Daniel" Park        8,534,887             96,980            1,986,392
Don Rhee                       7,760,638            871,229            1,986,392

Each of the nominees noted above was elected to serve as members of the board of
directors of the Company until the Company's next annual meeting of shareholders
and until their successors are duly elected and qualified.

Proposal No.2 Approval of the Company's 2023 equity based compensation plan

    Vote Type          Total Shares
Votes For             7,693,531
Votes Against           921,445
Votes Abstain            16,891
Broker Non-Vote       1,986,392

The vote required to approve this proposal was the affirmative vote of a
majority of the votes cast on the proposal. Accordingly, this proposal was
approved.


Proposal No.3 Ratification of the appointment of Crowe LLP as the Company's
independent registered public accounting firm for the fiscal year ending
December 31, 2023:

    Vote Type           Total Shares
Votes For              10,582,258
Votes Against               2,066
Votes Abstain              33,935
Broker Non-Vote                 -

The vote required to approve this proposal was the affirmative vote of a
majority of the votes cast on the proposal. Accordingly, this proposal was
approved.




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