PCB BANCORP 8-K

What Happened
PCB BANCORP (PCB) filed an 8-K on May 27, 2026 reporting the results of its annual shareholders’ meeting. As of the March 31, 2026 record date there were 14,231,423 shares outstanding; 10,029,076 shares (70.47%) were present and voted. All eight director nominees were elected, the advisory vote on executive compensation was approved, and shareholders ratified the appointment of Crowe LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.

Key Details

• Voting record date: March 31, 2026; shares outstanding: 14,231,423.
• Shares voted/participation: 10,029,076 shares voted (70.47% of outstanding).
• Directors elected (votes for / votes withheld; broker non-vote = 1,387,346):
  • Kijun Ahn — 8,555,450 For; 86,280 Withheld
  • Daniel Cho — 8,632,164 For; 9,566 Withheld
  • Haeyoung Cho — 8,602,111 For; 39,619 Withheld
  • Janice Chung — 8,632,060 For; 9,670 Withheld
  • Henry Kim — 8,604,697 For; 37,033 Withheld
  • Sang Young Lee — 8,009,952 For; 631,778 Withheld (highest withheld votes)
  • Hong Kyun “Daniel” Park — 8,386,020 For; 255,710 Withheld
  • Don Rhee — 8,559,278 For; 82,452 Withheld
• Advisory vote on executive compensation: Approved — 8,493,476 For; 138,194 Against; 10,060 Abstain; broker non-vote 1,387,346. (This advisory vote is non-binding.)
• Ratification of Crowe LLP as auditor: Approved — 10,015,747 For; 12,926 Against; 403 Abstain.

Why It Matters

• Board composition: Election of all eight nominees determines the company’s governance and strategic oversight until the next annual meeting. The distribution of withheld votes (notably for one nominee) may signal areas of shareholder concern to monitor.
• Executive compensation: The advisory "say-on-pay" was approved, indicating majority shareholder support for the company’s executive pay approach (non-binding).
• Auditor continuity: Ratification of Crowe LLP confirms the independent accounting firm for PCB’s 2026 fiscal-year financial audits and reporting.
• Investor signal: A 70.47% turnout is relatively strong engagement; broker non-votes on certain items (1,387,346 shares) reduced the count of shares voting on non-routine matters.