BayCom Corp Appoints New CFO, David L. Johnson
Ticker: BCML · Form: 8-K · Filed: Oct 10, 2024 · CIK: 1730984
| Field | Detail |
|---|---|
| Company | Baycom Corp (BCML) |
| Form Type | 8-K |
| Filed Date | Oct 10, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
Related Tickers: BCML
TL;DR
BayCom names David L. Johnson new CFO, starting Oct 10th with $300k salary + stock.
AI Summary
BayCom Corp announced on October 7, 2024, the appointment of David L. Johnson as Chief Financial Officer, effective October 10, 2024. Johnson will receive an annual base salary of $300,000 and will be eligible for the company's annual incentive plan. He will also be granted 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 the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $300,000 — CFO Annual Base Salary (New CFO David L. Johnson's starting salary.)
- 50,000 — RSUs Granted (Stock units granted to the new CFO, vesting over three years.)
Key Players & Entities
- BayCom Corp (company) — Registrant
- David L. Johnson (person) — Appointed Chief Financial Officer
- $300,000 (dollar_amount) — Annual base salary for new CFO
- 50,000 (dollar_amount) — Restricted stock units granted to new CFO
- October 7, 2024 (date) — Date of report
- October 10, 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 is David L. Johnson's appointment as CFO effective?
David L. Johnson's appointment as CFO is effective October 10, 2024.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, David L. Johnson, is $300,000.
What stock-based compensation will the new CFO receive?
The new CFO will be granted 50,000 restricted stock units that vest over three years.
What other compensation is the new CFO eligible for?
The new CFO is eligible for BayCom Corp's annual incentive plan.
Filing Stats: 453 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-10-10 17:30:25
Filing Documents
- bcml-20241007x8k.htm (8-K) — 35KB
- 0001730984-24-000075.txt ( ) — 170KB
- bcml-20241007.xsd (EX-101.SCH) — 3KB
- bcml-20241007_lab.xml (EX-101.LAB) — 18KB
- bcml-20241007_pre.xml (EX-101.PRE) — 13KB
- bcml-20241007x8k_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: October 10, 2024 /s/ Keary L Colwell Keary L. Colwell, Senior Executive Vice President, Chief Financial Officer and Corporate Secretary