Coastal Financial Corp. announced amendments to its bylaws following the 2025 annual meeting of shareholders on May 28. The changes include the removal of an age restriction that previously barred individuals aged 72 or older from being nominated, elected, or appointed to the Board of Directors. Additionally, the amendments allow the Board to alter bylaws affecting director qualifications or terms of office. New advance notice and disclosure requirements for shareholder proposals and director nominations have also been implemented, along with updated proxy solicitation rules and timeline adjustments. These amendments took effect on May 28, 2025.
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