BayCom Corp filed SEC Form 8-K: Leadership Update, Other Events, Financial Statements and Exhibits
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On October 15, 2024, the Board of Directors of BayCom Corp (the “Company”), the holding company for United Business Bank (the “Bank”), appointed Bhupen B. Amin and Dennis Guida as directors of the Company, effective November 1, 2024. Mr. Guida also was appointed as a member of the Compensation Committee and the Corporate Governance and Nominating Committee of the Company’s Board of Directors, which appointments are also effective as of November 1, 2024. The Board committees to which Mr. Amin will be appointed have not yet been determined.
Messrs. Amin and Guida have been directors of the Bank since 2011 and 2022, respectively, and will continue to serve in that capacity. The appointments of Messrs. Amin and Guida to the Company’s Board of Directors follow the recent retirement of James S. Camp as a director of the Company and the Bank. As a result of the appointments of Messrs. Amin and Guida and the retirement of Mr. Camp, the number of directors of the Company was increased by the Company’s Board of Directors from eight to nine, and the number of directors of the Bank was decreased by the Bank’s Board of Directors from eight to seven.
Messrs. Amin and Guida will be entitled to the same general compensation arrangement as is provided to the other non-employee directors of the Company and the Bank. A description of that arrangement is contained under the heading “Director Compensation” in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on April 26, 2024, and is incorporated herein by reference.
There were no arrangements or understandings pursuant to which either Mr. Amin or Mr. Guida was selected as a director of the Company. In addition, there have been no related person transactions of the kind described in Item 404(a) of the SEC’s Regulation S-K in which Mr. Amin or Mr. Guida had a direct or indirect material interest.
Item 8.01. Other Events
On October 17, 2024, the Company issued a press release announcing the appointments of Messrs. Amin and Guida as directors of the Company. A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
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:
99.1 | |||
104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) | ||
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: October 17, 2024 | /s/ Keary L Colwell |
Keary L. Colwell, Senior Executive | |
Vice President, Chief Financial Officer | |
(Principal Financial and Accounting | |
Officer) and Secretary |