DEFA14A: Coastal Financial Corporation Announces 2024 Annual Meeting of Shareholders
Proxy Notice
Coastal Financial Corporation will hold its 2024 Annual Meeting of Shareholders virtually on May 22, 2024, to vote on director elections, executive compensation, and auditor ratification.
Summary
- Coastal Financial Corporation is holding its 2024 Annual Meeting of Shareholders virtually on May 22, 2024.
- Shareholders will vote on several key proposals.
- These include the election of four directors for a 3-year term, an advisory vote on executive compensation, and the ratification of Moss Adams LLP as the independent auditor for the fiscal year ending December 31, 2024.
- Shareholders of record as of March 20, 2024, are eligible to vote.
- The board recommends voting FOR all director nominees, FOR proposals 2 and 4, and for 1 YEAR on proposal 3.
- Advance registration is required to attend and vote at the virtual meeting by May 21, 2024, at 5:00 p.m. Pacific Time.
Sentiment
Score: 7
Explanation: The document is a standard proxy notice, presenting factual information about the upcoming annual meeting. The sentiment is neutral to positive as it facilitates shareholder participation in corporate governance.
Positives
- Shareholders have multiple options for voting: via internet, mail, or the virtual meeting.
- The company provides access to proxy materials online, promoting transparency and reducing paper usage.
Future Outlook
The document outlines the agenda for the upcoming annual meeting and provides information for shareholders to participate in corporate governance decisions.
Industry Context
Virtual shareholder meetings have become increasingly common, reflecting a broader trend towards digital communication and increased accessibility for shareholders.
Stakeholder Impact
- Shareholders have the opportunity to influence the company's direction through voting.
- The outcome of the votes will impact the composition of the board and the selection of the company's auditor.
Next Steps
- Shareholders should review the proxy materials and vote on the proposals.
- Shareholders who wish to attend the virtual meeting must register in advance.
Key Dates
| Date | Description |
|---|---|
| March 20, 2024 | Record date for shareholders eligible to vote |
| May 8, 2024 | Deadline to request a paper copy of proxy materials for timely delivery |
| May 21, 2024 | Registration deadline for attending the virtual annual meeting (5:00 p.m. Pacific Time) |
| May 21, 2024 | Deadline to vote via internet or mail (11:59 p.m. Pacific Time) |
| May 22, 2024 | Date of the 2024 Annual Meeting of Shareholders (6:00 p.m. Pacific Time) |
| December 31, 2024 | Fiscal year end for which Moss Adams LLP is proposed as the auditor |
| 2027 | Year until which the elected directors will serve |
Keywords
Annual Meeting, Shareholders, Proxy Vote, Coastal Financial Corporation, Directors, Executive Compensation, Auditor Ratification
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.