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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 16, 2024

METROCITY BANKSHARES, INC.

(Exact name of registrant as specified in its charter)

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Georgia

No. 001-39068

47-2528408

(State or other jurisdiction of
incorporation)

(Commission File Number)

(I.R.S. Employer
Identification No.)

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5114 Buford Highway
Doraville, Georgia

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30340

(Address of principal executive offices)

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(Zip Code)

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(770) 455-4989

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class

Trading Symbol(s)

Name of each Exchange on which registered

Common Stock, par value $0.01 per share

MCBS

The Nasdaq Stock Market LLC

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company     ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

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Item 5.07    Submission of Matters to a Vote of Security Holders.

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On May 16, 2024, MetroCity Bankshares, Inc. (the “Company”) held its 2024 Annual Meeting of Shareholders (the “Annual Meeting”). Of the 25,205,506 shares of common stock of the Company outstanding as of the record date for the Annual Meeting, 21,248,946 shares, or 84.30% of the outstanding common shares entitled to vote, were represented in person or by proxy at the Annual Meeting. The final results of each of the proposals voted on by the Company’s shareholders are described below:

 

Proposal 1 – Election of Directors: To elect three (3) incumbent Class III directors named in the proxy statement to serve until the 2027 Annual Meeting of Shareholders.

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Director

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Votes For

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Votes Against

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Abstentions

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Broker Non-Votes

Don T.P. Leung

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18,115,658

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588,320

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198

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2,544,770

Ajit Patel

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16,584,011

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2,119,967

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198

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2,544,770

Farid Tan

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17,872,763

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831,215

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198

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2,544,770

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Proposal 2 – Ratification of Auditors: To ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2024.

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Votes For

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Votes Against

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Abstentions

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Broker Non-Votes

21,196,112

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52,219

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615

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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METROCITY BANKSHARES, INC.

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Date: May 16, 2024

By:

/s/ Lucas Stewart

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Lucas Stewart

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Chief Financial Officer

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v3.24.1.1.u2
Document and Entity Information
May 16, 2024
Document and Entity Information [Abstract]  
Document Type 8-K
Document Period End Date May 16, 2024
Entity Registrant Name METROCITY BANKSHARES, INC.
Entity File Number 001-39068
Entity Incorporation, State or Country Code GA
Entity Tax Identification Number 47-2528408
Entity Address, Address Line One 5114 Buford Highway
Entity Address, City or Town Doraville
Entity Address, State or Province GA
Entity Address, Postal Zip Code 30340
City Area Code 770
Local Phone Number 455-4989
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol MCBS
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Entity Ex Transition Period true
Entity Central Index Key 0001747068
Amendment Flag false
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