RBB Bancorp Files Definitive Proxy Statement (DEF 14A)
Ticker: RBB · Form: DEF 14A · Filed: Apr 8, 2024 · CIK: 1499422
| Field | Detail |
|---|---|
| Company | Rbb Bancorp (RBB) |
| Form Type | DEF 14A |
| Filed Date | Apr 8, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 20 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: DEF 14A, Proxy Statement, RBB Bancorp, Executive Compensation, Corporate Governance
TL;DR
<b>RBB Bancorp has filed its Definitive Proxy Statement (DEF 14A) for the fiscal year ending December 31, 2023.</b>
AI Summary
RBB Bancorp (RBB) filed a Proxy Statement (DEF 14A) with the SEC on April 8, 2024. RBB Bancorp filed a Definitive Proxy Statement (DEF 14A) on April 8, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal executive offices are located in Los Angeles, California. RBB Bancorp is classified under Standard Industrial Classification code 6022 (Commercial Banks). The filing includes detailed executive compensation information for the fiscal year.
Why It Matters
For investors and stakeholders tracking RBB Bancorp, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding the company's governance, executive compensation, and matters to be voted on at the upcoming annual meeting. Shareholders can use this document to make informed decisions about director elections, executive pay, and other corporate actions.
Risk Assessment
Risk Level: low — RBB Bancorp shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.
Analyst Insight
Review the executive compensation details and any proposed shareholder resolutions to understand potential impacts on corporate strategy and shareholder value.
Executive Compensation
| Name | Title | Total Compensation |
|---|---|---|
| David Morris | Member |
Key Numbers
- 2023-12-31 — Fiscal Year End (CONFORMED PERIOD OF REPORT)
- 2024-04-08 — Filing Date (FILED AS OF DATE)
- 2023-01-01 — Reporting Period Start (Fiscal Year)
- 2023-12-31 — Reporting Period End (Fiscal Year)
Key Players & Entities
- RBB Bancorp (company) — FILER
- 0001499422 (company) — CENTRAL INDEX KEY
- 6022 (company) — STANDARD INDUSTRIAL CLASSIFICATION
- CA (company) — STATE OF INCORPORATION
- 272776416 (company) — IRS NUMBER
- LOS ANGELES (company) — CITY
- David Morris (person) — Executive Compensation
- 2024-04-08 (date) — FILING DATE
FAQ
When did RBB Bancorp file this DEF 14A?
RBB Bancorp filed this Proxy Statement (DEF 14A) with the SEC on April 8, 2024.
What is a DEF 14A filing?
A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by RBB Bancorp (RBB).
Where can I read the original DEF 14A filing from RBB Bancorp?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by RBB Bancorp.
What are the key takeaways from RBB Bancorp's DEF 14A?
RBB Bancorp filed this DEF 14A on April 8, 2024. Key takeaways: RBB Bancorp filed a Definitive Proxy Statement (DEF 14A) on April 8, 2024.. The filing covers the fiscal year ending December 31, 2023.. The company's principal executive offices are located in Los Angeles, California..
Is RBB Bancorp a risky investment based on this filing?
Based on this DEF 14A, RBB Bancorp presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance procedures rather than immediate financial distress or significant operational changes.
What should investors do after reading RBB Bancorp's DEF 14A?
Review the executive compensation details and any proposed shareholder resolutions to understand potential impacts on corporate strategy and shareholder value. The overall sentiment from this filing is neutral.
Risk Factors
- Regulatory Compliance [medium — regulatory]: The company must comply with various banking regulations, which can change and impact operations.
- Economic Conditions [medium — market]: Changes in the overall economy, interest rates, and credit markets can affect the company's financial performance.
- Cybersecurity Risks [medium — operational]: The company is subject to risks associated with data breaches and cyberattacks, which could disrupt operations and damage reputation.
Key Dates
- 2024-04-08: Filing of DEF 14A — Provides details on executive compensation and corporate governance for the fiscal year 2023.
- 2023-12-31: Fiscal Year End — The period covered by the financial and compensation data in the filing.
Glossary
- DEF 14A
- Definitive Proxy Statement (This is the primary document filed by RBB Bancorp to communicate with shareholders about matters requiring a vote, including executive compensation.)
Filing Stats: 4,936 words · 20 min read · ~16 pages · Grade level 13.5 · Accepted 2024-04-08 15:01:43
Filing Documents
- rbb20240313_def14a.htm (DEF 14A) — 1337KB
- capvsdileps.jpg (GRAPHIC) — 46KB
- capvstsr.jpg (GRAPHIC) — 53KB
- graph01.jpg (GRAPHIC) — 66KB
- imgcapvsni.jpg (GRAPHIC) — 27KB
- loans01.jpg (GRAPHIC) — 47KB
- loans02.jpg (GRAPHIC) — 39KB
- loans03.jpg (GRAPHIC) — 43KB
- logo01.jpg (GRAPHIC) — 5KB
- prox2.jpg (GRAPHIC) — 172KB
- prox.jpg (GRAPHIC) — 165KB
- 0001437749-24-011379.txt ( ) — 3818KB
- rbb-20231231.xsd (EX-101.SCH) — 10KB
- rbb-20231231_def.xml (EX-101.DEF) — 14KB
- rbb-20231231_lab.xml (EX-101.LAB) — 29KB
- rbb-20231231_pre.xml (EX-101.PRE) — 15KB
- rbb20240313_def14a_htm.xml (XML) — 157KB
Security Ownership of Certain Beneficial Owners and Management
Security Ownership of Certain Beneficial Owners and Management 20 Principal Family Shareholders 21 Compensation Discussion and Analysis 21 Introduction 21 Executive Summary 22 What Guides Our Program 25 2023 Executive Compensation Discussion in Detail 27 Other Compensation Policies, Practices and Guidelines 29 Compensation Committee Report 31 Summary Compensation Table 31 Grants of Plan-Based Awards 32 Outstanding Equity Awards at Fiscal Year End 33 Option Exercises and Stock Vested Table 33 Pension Benefits and Non-Qualified Deferred Compensation 34 Potential Payments upon Termination or Change in Control 34 CEO Pay Ratio 36 Pay Versus Performance Disclosure 37 Delinquent Section 16(a) Reports 39 Certain Relationships and Related Party Transactions 40 Policies and Procedures Regarding Related Party Transaction s 40 Ordinary Banking Relationships 40 Related Party Transactions 40 Certain Transactions 40 Proposal 2: To Approve, on a Non-Binding Advisory Basis, the Compensation of the Company's Named Executive Officers 41 Vote Required 41 Proposal 3: To Approve, on a Non-Binding Advisory Basis, the Frequency of Shareholder Advisory Votes on the Compensation of the Company's Named Executive Officers 42 Vote Required 42 Proposal 4: To Ratify the Appointment of Crowe LLP as the Company's Independent Auditor for the Fiscal Year Ending December 31, 2024 43 Change of Independent Auditor 43 Vote Required 43 Principal Accounting Fees And Services 43 Audit Committee Pre-Approval Policies and Procedures 44 Report of the Audit Committee 44 Annual Report 44 Householding 44 Proposals by Shareholders at 2025 Annual Meeting 45 Other Business 45 4 Table of Contents RBB BANCORP 1055 Wilshire Blvd., 12 th floor Los Angeles, California PROXY STATEMENT GENERAL INFORMATION For the 2024 Annual Meeting of Shareholders To Be Held on Wednesday , May 15 , 2024