RBB Bancorp Announces Board Changes and Executive Compensation Details
Ticker: RBB · Form: 8-K · Filed: Nov 25, 2024 · CIK: 1499422
| Field | Detail |
|---|---|
| Company | Rbb Bancorp (RBB) |
| Form Type | 8-K |
| Filed Date | Nov 25, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, director-appointment, director-departure
Related Tickers: RBB
TL;DR
RBB Bancorp's board is changing with new directors coming in; executive pay details also disclosed.
AI Summary
RBB Bancorp announced on November 20, 2024, the departure of Director Alan J. Rothenberg and the appointment of new directors, including David L. Chen and Dr. Robert K. L. Tan. The company also reported on compensatory arrangements for its named executive officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while details on executive compensation are crucial for understanding management incentives and potential shareholder value.
Risk Assessment
Risk Level: medium — Board changes and executive compensation disclosures can impact investor confidence and signal potential strategic shifts.
Key Players & Entities
- RBB Bancorp (company) — Registrant
- Alan J. Rothenberg (person) — Departing Director
- David L. Chen (person) — Appointed Director
- Dr. Robert K. L. Tan (person) — Appointed Director
- November 20, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the RBB Bancorp Board of Directors?
Alan J. Rothenberg has departed from the RBB Bancorp Board of Directors as of November 20, 2024.
Who are the newly appointed directors at RBB Bancorp?
David L. Chen and Dr. Robert K. L. Tan have been appointed as directors to the RBB Bancorp Board.
What other information is RBB Bancorp reporting in this 8-K filing?
RBB Bancorp is also reporting on compensatory arrangements of certain officers.
What is the principal executive office address for RBB Bancorp?
The principal executive office address for RBB Bancorp is 1055 Wilshire Blvd., 12th floor, Los Angeles, California 90017.
When was this Form 8-K filed with the SEC?
This Form 8-K was filed with the SEC on November 25, 2024, reporting events as of November 20, 2024.
Filing Stats: 1,261 words · 5 min read · ~4 pages · Grade level 13.1 · Accepted 2024-11-22 19:41:06
Filing Documents
- rbb20241120c_8k.htm (8-K) — 40KB
- ex_750474.htm (EX-10.1) — 15KB
- ex_750575.htm (EX-10.2) — 15KB
- ex_750576.htm (EX-10.3) — 15KB
- ex_750577.htm (EX-10.4) — 15KB
- ex_750578.htm (EX-10.5) — 14KB
- 0001437749-24-036075.txt ( ) — 264KB
- rbb-20241120.xsd (EX-101.SCH) — 3KB
- rbb-20241120_def.xml (EX-101.DEF) — 12KB
- rbb-20241120_lab.xml (EX-101.LAB) — 15KB
- rbb-20241120_pre.xml (EX-101.PRE) — 12KB
- rbb20241120c_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. 10.1 Fourth Amendment of Employment Agreement, effective as of November 20, 2024, between RBB Bancorp, Royal Business Bank and Mr. David Morris. 10.2 Third Amendment of Employment Agreement, effective as of November 20, 2024, between RBB Bancorp, Royal Business Bank and Mr. Jeffrey Yeh. 10.3 Third Amendment of Employment Agreement, effective as of November 20, 2024, between RBB Bancorp, Royal Business Bank and Mr. I-Ming (Vincent) Liu. 10.4 Second Amendment of Employment Agreement, effective as of November 20, 2024, between RBB Bancorp, Royal Business Bank and Mr. Gary Fan. 10.5 First Amendment of Employment Agreement, effective as of November 20, 2024, between RBB Bancorp, Royal Business Bank and Mr. Johnny Lee. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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. RBB BANCORP (Registrant) Date: November 22, 2024 By: /s/ Lynn M. Hopkins Lynn M. Hopkins EVP and Chief Financial Officer 3