Business
Coastal Financial Corporation Announces 2020 Annual Meeting of Shareholders Will Be Held Solely by Means of Remote Communication
EVERETT, Wash., May 08, 2020 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), the holding company for Coastal Community Bank,
About this update from Coastal Financial Corporation
[{"type":"text","content":"EVERETT, Wash., May 08, 2020 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), the holding company for Coastal Community Bank, today announced that due to the public health impact of the COVID-19 (novel coronavirus) outbreak and recent extension of the novel coronavirus stay-at-home order issued by the Washington State Governor to at least May 31, 2020, and to support the health, safety and well-being of its shareholders, employees and other stakeholders, the location of the Company’s 2020 Annual Meeting of Shareholders (“Annual Meeting”) has been changed and will now be held by means of a call-in format only. The date and time of the Annual Meeting, Monday, May 18, 2020 at 6:00 p.m. Pacific Time, as disclosed in the Company’s proxy materials for the Annual Meeting, has not changed. In light of the change to a call-in meeting format, shareholders will not be able to attend the Annual Meeting physically in person.\n Only items of business as described in the proxy statement will be conducted at the Annual Meeting, there will not be a presentation by the Company. Shareholders as of close of business on March 16, 2020 (the “Record Date”) or beneficial owners as of the Record Date will be able to attend and participate in the Annual Meeting by registering in advance and by following the instructions below. Attending the Annual Meeting as a Shareholder of Record: If you were a holder of record of common stock of the Company at the close of business on the Record Date (i.e., you held your shares in your own name as reflected in the Company records at Transfer Online, the Company’s transfer agent), you must register in advance to call-in and attend the meeting. To register for the Annual Meeting, email [email protected] or, if email is not available, you may call 425-349-9030 with the control number found on your proxy card or voting instruction card you previously received and a valid phone number that you will use to call-in to the Annual Meeting. You will then receive a confirmation of your registration, with instructions on how to attend the audio call for the Annual Meeting. Registration for the Annual Meeting is now open and closes at 5:00 p.m. Pacific Time on May 18, 2020. We urge you to register early to avoid any last-minute rush or complications. You are encouraged to join the audio c...