BayCom Corp Files 8-K on Executive Compensation Changes
Ticker: BCML · Form: 8-K · Filed: Jan 19, 2024 · CIK: 1730984
| Field | Detail |
|---|---|
| Company | Baycom Corp (BCML) |
| Form Type | 8-K |
| Filed Date | Jan 19, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $724,131, $417,768, $800 m |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-compensation, corporate-governance, 8-K, officer-changes
TL;DR
**BayCom Corp just filed an 8-K about executive pay changes, watch for details on impact.**
AI Summary
BayCom Corp filed an 8-K on January 19, 2024, reporting an event that occurred on January 17, 2024, related to changes in its executive compensation arrangements. This filing indicates potential adjustments to how certain officers are compensated, which could impact the company's operational costs and executive incentives. For investors, this matters because changes in executive compensation can signal shifts in corporate strategy, financial health, or governance, potentially affecting the company's profitability and stock valuation.
Why It Matters
Changes in executive compensation can influence management's motivation and the company's financial outlay, directly impacting shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates changes in compensatory arrangements, which could be positive or negative depending on the specifics not detailed in this summary filing.
Analyst Insight
Investors should look for subsequent filings or press releases from BayCom Corp that provide specific details about the 'Compensatory Arrangements of Certain Officers' to understand the financial implications and strategic rationale behind these changes.
Key Players & Entities
- BayCom Corp (company) — the registrant filing the 8-K
- January 17, 2024 (date) — date of the earliest event reported
- January 19, 2024 (date) — date the 8-K was filed
- 500 Ygnacio Valley Road, Suite 200, Walnut Creek, CA 94596 (address) — principal executive offices of BayCom Corp
- 925-476-1800 (phone_number) — registrant's telephone number
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 17, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 19, 2024.
What specific items are covered in this 8-K filing according to the 'ITEM INFORMATION' section?
The 'ITEM INFORMATION' section indicates that the filing covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
What is the business address of BayCom Corp as stated in the filing?
BayCom Corp's business address is 500 Ygnacio Valley Road, Suite 200, Walnut Creek, CA 94596.
What is BayCom Corp's Commission File Number?
BayCom Corp's Commission File Number is 001-38483.
Filing Stats: 1,704 words · 7 min read · ~6 pages · Grade level 14.7 · Accepted 2024-01-19 15:41:00
Key Financial Figures
- $724,131 — things, a minimum annual base salary of $724,131 for Mr. Guarini and $417,768 for each o
- $417,768 — salary of $724,131 for Mr. Guarini and $417,768 for each of Ms. King and Ms. Colwell (s
- $800 m — rd of Directors), incentive bonuses, an $800 monthly automobile allowance, and group i
Filing Documents
- bcml-20240117x8k.htm (8-K) — 65KB
- bcml-20240117xex10d1.htm (EX-10.1) — 37KB
- bcml-20240117xex10d2.htm (EX-10.2) — 39KB
- bcml-20240117xex10d3.htm (EX-10.3) — 41KB
- 0001730984-24-000008.txt ( ) — 323KB
- bcml-20240117.xsd (EX-101.SCH) — 3KB
- bcml-20240117_lab.xml (EX-101.LAB) — 16KB
- bcml-20240117_pre.xml (EX-101.PRE) — 10KB
- bcml-20240117x8k_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (a) Not applicable. (b) Not applicable. (c) Not applicable. (d) The following exhibits are included with this Report: Exhibit No. Description 10.1 Amendment No. 1 dated January 17, 2024 to Amended and Restated Employment Agreement, dated March 5, 2021, by among BayCom Corp, United Business Bank and George Guarini 10.2 Amendment No. 1 dated January 17, 2024 to Amended and Restated Employment Agreement, dated March 5, 2021, by and among BayCom Corp, United Business Bank and Janet King 10.3 Amendment No. 1 dated January 17, 2024 to Amended and Restated Employment Agreement, dated March 5, 2021, by and among BayCom Corp, United Business Bank and Keary Colwell 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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 thereunto duly authorized. co BAYCOM CORP Date: January 19, 2024 By: /s/ Keary L. Colwell Keary L. Colwell, Senior Executive Vice President, Chief Administrative Officer, Chief Financial Officer and Corporate Secretary