Short answer
COASTAL FINANCIAL CORP (CCB) filed an 8-K current report with the SEC on March 12, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). Board expands to 12 directors with appointment of Jeffrey Chapman, effective March 11, 2026.
COASTAL FINANCIAL CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Board expands to 12 directors with appointment of Jeffrey Chapman, effective March 11, 2026
- Chapman brings 25+ years in banking technology, payments, and digital platform development: directly relevant to CCB's BaaS/CCBX business
- Assigned to Technology Committee and CCBX Oversight Committee: signals focus on CCB's embedded banking segment, a key growth driver
- Compensated under standard non-employee director program (cash + restricted stock); no special arrangements or related-party conflicts disclosed
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