Finwise Bancorp
07/03/2024 | Press release | Distributed by Public on 07/03/2024 13:12
Submission of Matters to a Vote of Security Holders Form 8 K
Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 27, 2024, at the 2024 Annual Meeting of Shareholders (the "Annual Meeting") of FinWise Bancorp ("FinWise" or the "Company"), the Company shareholders approved the increase in the number of shares of our common stock available for awards under the FinWise Bancorp 2019 Stock Option Plan (the "2019 Plan") by 500,000 shares to 1,780,000 shares. The increase was embodied (subject to shareholder approval) in an amendment of the 2019 plan that was approved by FinWise's Board of Directors on April 25, 2024. Our named executive officers may participate in the 2019 Plan. For a description of the principal features of the 2019 plan, please see Proposal no. 2 in our proxy statement for the Annual Meeting filed with the Securities and Exchange Commission on April 29, 2024, which description is incorporated herein by reference. Such description is qualified in its entirety by reference to the full text of the 2019 Plan, as amended, which is filed as Exhibit 10.1 hereto and incorporated into this Item 5.02 by reference.