BayCom Corp Files 8-K: Other Events & Financials

TL;DR

BayCom Corp filed an 8-K on 5/24/24 for other events and financials.

AI Summary

BayCom Corp filed an 8-K on May 24, 2024, reporting other events and financial statements. The filing details the company's incorporation in California and provides its principal executive office address in Walnut Creek, CA.

Why It Matters

This filing provides an update on BayCom Corp's corporate activities and financial reporting, which is important for investors to stay informed about the company's status.

Risk Assessment

Risk Level: low — This is a routine filing of an 8-K report, not indicating any immediate or significant operational changes or risks.

Key Numbers

• 001-38483 — SEC File Number (Identifies the specific filing for BayCom Corp)
• 37-1849111 — IRS Employer Identification No. (Tax identification for BayCom Corp)

Key Players & Entities

• BayCom Corp (company) — Registrant
• May 24, 2024 (date) — Date of earliest event reported
• California (jurisdiction) — State of incorporation
• Walnut Creek, CA (location) — Address of principal executive offices
• 925-476-1800 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.10 — ) declared a quarterly cash dividend of $0.10 per share, payable on July 11, 2024 to

Filing Documents

• bcml-20240524x8k.htm (8-K) — 51KB
• bcml-20240524xex99d1.htm (EX-99.1) — 10KB
• 0001730984-24-000047.txt ( ) — 185KB
• bcml-20240524.xsd (EX-101.SCH) — 3KB
• bcml-20240524_lab.xml (EX-101.LAB) — 16KB
• bcml-20240524_pre.xml (EX-101.PRE) — 10KB
• bcml-20240524x8k_htm.xml (XML) — 5KB

01 OTHER EVENTS

Item 8.01 OTHER EVENTS On May 24, 2024, BayCom Corp ("BayCom"), the holding company for United Business Bank, issued the press release attached hereto as Exhibit 99.1 and incorporated herein by reference announcing the declaration of a cash dividend on BayCom's common stock and the adoption of a new stock repurchase program. BayCom's Board of Directors (the "Board") declared a quarterly cash dividend of $0.10 per share, payable on July 11, 2024 to shareholders of record as of the close of business on June 13, 2024. In addition, the Board authorized a stock repurchase program for up to 560,000 shares of the Company's common stock, or approximately 5% of currently outstanding shares, to be repurchased from time to time over a one-year period, depending upon market conditions and other factors. Under this new stock repurchase program, BayCom may repurchase shares through open market purchases, privately-negotiated transactions, block purchases or otherwise, in accordance with applicable federal securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934 (the "Exchange Act"), as applicable. The new stock repurchase program does not obligate BayCom to purchase any particular number of shares and may be expanded, extended, modified or discontinued at any time. The new stock repurchase program will commence upon completion of BayCom's existing stock repurchase program, which will expire on April 21, 2025, or earlier if all the shares authorized thereunder have been repurchased. As of the date hereof, 12,627 shares remain available for future repurchases under BayCom's existing stock repurchase program. The Board also authorized BayCom to enter into written trading plans under Rule 10b5-1 of the Exchange Act. Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or pursuant

Forward-Looking Statements

Forward-Looking Statements Certain statements in this report may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to BayCom's financial condition, results of operations, plans, objectives, future performance or business, including information regarding the ability of BayCom to pay dividends in the future and repurchases by BayCom of its common stock. You should not place undue reliance on these statements, as they are subject to risks and uncertainties, and actual results and performance in future periods may be materially different from any future results or performance suggested by the forward-looking statements in this release. Factors that might cause such differences include, but are not limited to, BayCom's financial condition and results of operations, significant changes in the market price and availability of BayCom's common stock, general economic conditions, as well as those within our industry, and numerous other factors identified in BayCom's Annual Report on Form 10-K for the year ended December 31, 2023, subsequent Quarterly Reports on Form 10-Q and other documents filed with or furnished to the Securities and Exchange Commission. Such forward-looking statements speak only as of the date of this report. BayCom expressly disclaims any obligation to update or revise any forward-looking statements made herein to reflect any changes in BayCom's expectations of results or any change in events.

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: (d) Exhibits Exhibit No. Exhibit Description 99.1 Press Release dated May 24, 2024 announcing cash dividend and new stock repurchase program 104.0 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. BAYCOM CORP Date: May 24, 2024 /s/ Keary L Colwell Keary L. Colwell, Senior Executive Vice President, Chief Financial Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR