secwatch / observer

8-K filed October 27, 2023, 7:59 PM ET ticker BANC CIK 0001169770

leadership confidence high sentiment neutral materiality 0.80

Banc of California Appoints Four New Directors in Connection with PacWest Merger; Four to Retire

BANC OF CALIFORNIA, INC.

Todd Schell (Warburg Pincus) and three PacWest directors appointed to Banc of California board, effective upon merger closing.
John M. Eggemeyer appointed Chairman of the Board; current Chairman Jared Wolff remains as director and CEO.
Four current directors - Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel, Robert D. Sznewajs - to retire upon merger closing.
Merger expected to close on or about November 30, 2023, subject to stockholder approvals and conditions.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Jared M. Wolff

President and Chief Executive Officer

BANC · BANC OF CALIFORNIA, INC.

Successor: John M. Eggemeyer, III
Filed: October 27, 2023, 7:59 PM ET

Jared M. Wolff, the current Chairman, President and Chief Executive Officer of Banc of California, will cease serving as Chairman of the Board.

Departed

Denis P. Kalscheur

Director

BANC · BANC OF CALIFORNIA, INC.

Filed: October 27, 2023, 7:59 PM ET

Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.

Departed

Robert D. Sznewajs

Director

BANC · BANC OF CALIFORNIA, INC.

Filed: October 27, 2023, 7:59 PM ET

Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.

Appointed

John M. Eggemeyer, III

Chairman of the Board

BANC · BANC OF CALIFORNIA, INC.

Filed: October 27, 2023, 7:59 PM ET

John M. Eggemeyer, III has been appointed as the Chairman of the Board, effective as of and contingent upon the Closing.

Departed

Jonah F. Schnel

Director

BANC · BANC OF CALIFORNIA, INC.

Filed: October 27, 2023, 7:59 PM ET

Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.

Departed

Bonnie G. Hill

Director

BANC · BANC OF CALIFORNIA, INC.

Filed: October 27, 2023, 7:59 PM ET

Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jared M. Wolff changed role as President and Chief Executive Officer at BANC OF CALIFORNIA, INC..

Action: cease serving as Chairman
Role: President and Chief Executive Officer

Exact text from the filing

Jared M. Wolff, the current Chairman, President and Chief Executive Officer of Banc of California, will cease serving as Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Denis P. Kalscheur departed as Director at BANC OF CALIFORNIA, INC..

Action: retire
Role: Director

Exact text from the filing

Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Robert D. Sznewajs departed as Director at BANC OF CALIFORNIA, INC..

Action: retire
Role: Director

Exact text from the filing

Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John M. Eggemeyer, III was appointed as Chairman of the Board at BANC OF CALIFORNIA, INC..

Action: appointed
Role: Chairman of the Board

Exact text from the filing

John M. Eggemeyer, III has been appointed as the Chairman of the Board, effective as of and contingent upon the Closing.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonah F. Schnel departed as Director at BANC OF CALIFORNIA, INC..

Action: retire
Role: Director

Exact text from the filing

Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bonnie G. Hill departed as Director at BANC OF CALIFORNIA, INC..

Action: retire
Role: Director

Exact text from the filing

Bonnie G. Hill, Denis P. Kalscheur, Jonah F. Schnel and Robert D. Sznewajs (the “ Retiring Directors ”) each informed Banc of California that he or she intends to retire as a director of Banc of California, in each case, effective as of and contingent upon the Closing.

View on SEC.gov

BANC OF CALIFORNIA, INC. filing history →

Source: SEC EDGAR

accession 0001140361-23-049782

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