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SECURITIES EXCHANGE ACT OF 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 29, 2021, director Michael J. Burke notified the Board of Directors (the “Board”) of Capital Bancorp, Inc. (the “Company”) that he will not stand for re-election to the Board at the Company’s 2021 Annual Meeting of Stockholders to be held on May 20, 2021 (the “Annual Meeting”). Mr. Burke will continue to serve as a director of the Company through the end of his current term, which ends at the Annual Meeting. Mr. Burke will also continue to serve as a director of the Company’s wholly-owned subsidiary, Capital Bank, N.A.
The decision to not stand for re-election did not involve any disagreement between Mr. Burke and Company management or the Board on any matter relating to the Company’s operations, policies or practices.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|CAPITAL BANCORP, INC.|
|Dated: March 29, 2021||By:||/s/ Edward F. Barry|
|Edward F. Barry|
Chief Executive Officer