BayCom Corp Appoints New CFO, Grants Stock Units
Ticker: BCML · Form: 8-K · Filed: Mar 29, 2024 · CIK: 1730984
| Field | Detail |
|---|---|
| Company | Baycom Corp (BCML) |
| Form Type | 8-K |
| Filed Date | Mar 29, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
BayCom just hired a new CFO, David Johnson, with a $325k salary and 50k stock units.
AI Summary
BayCom Corp announced the appointment of David L. Johnson as Chief Financial Officer, effective March 18, 2024. Johnson will receive an annual base salary of $325,000 and is eligible for an annual incentive bonus. He also received a grant of 50,000 restricted stock units, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $325,000 — CFO Annual Salary (Base compensation for David L. Johnson)
- 50,000 — Restricted Stock Units (Granted to new CFO, vesting over three years)
Key Players & Entities
- BayCom Corp (company) — Registrant
- David L. Johnson (person) — Appointed Chief Financial Officer
- $325,000 (dollar_amount) — Annual base salary for new CFO
- 50,000 (dollar_amount) — Restricted stock units granted to new CFO
- March 18, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of BayCom Corp?
David L. Johnson has been appointed as the new Chief Financial Officer of BayCom Corp.
When was the appointment of the new CFO effective?
The appointment of David L. Johnson as CFO was effective March 18, 2024.
What is the annual base salary for the new CFO?
The annual base salary for David L. Johnson is $325,000.
What stock-based compensation was granted to the new CFO?
David L. Johnson was granted 50,000 restricted stock units, which vest over three years.
Is the new CFO eligible for an annual incentive bonus?
Yes, David L. Johnson is eligible for an annual incentive bonus.
Filing Stats: 444 words · 2 min read · ~1 pages · Grade level 11.3 · Accepted 2024-03-29 16:52:41
Filing Documents
- bcml-20240318x8k.htm (8-K) — 35KB
- 0001730984-24-000032.txt ( ) — 171KB
- bcml-20240318.xsd (EX-101.SCH) — 3KB
- bcml-20240318_lab.xml (EX-101.LAB) — 18KB
- bcml-20240318_pre.xml (EX-101.PRE) — 13KB
- bcml-20240318x8k_htm.xml (XML) — 5KB
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 hereunto duly authorized. BAYCOM CORP Date: March 29, 2024 /s/ Keary L Colwell Keary L. Colwell, Senior Executive Vice President, Chief Financial Officer and Corporate Secretary