{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-054474","form_type":"8-K","ticker":"BANC","cik":"0001169770","company_name":"BANC OF CALIFORNIA, INC.","filed_at":"2023-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.404523+00:00","generated_at":"2026-06-07T22:05:42.717025+00:00","sec_items":["5.02","5.07","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Banc of California and PacWest receive stockholder approvals; merger expected to close Nov 30","bullets":["Each company's stockholders voted >98% in favor of the merger proposal.","Closing expected on or around November 30, 2023, subject to conditions.","Combined company pro forma: ~$36B assets, $25B loans, $30B deposits, 70+ branches in CA, NC, CO.","Stockholders approved A&R 2018 Omnibus Stock Incentive Plan with 6.3M new shares.","Exemption from ownership limit approved for Warburg Pincus and Centerbridge investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-054474","json":"https://secwatch.observer/filing/0001140361-23-054474.json","markdown":"https://secwatch.observer/filing/0001140361-23-054474.md","text":"https://secwatch.observer/filing/0001140361-23-054474.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1169770/000114036123054474/0001140361-23-054474-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1169770/000114036123054474/ny20014593x3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T22:05:42.717025+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"011742b8539e3a3322ef718438072706bca7ed0e","claim":"BANC OF CALIFORNIA, INC. shareholders approved Approval of amendment and restatement of Banc of California, Inc. 2018 Omnibus Stock Incentive Plan.","evidence_excerpt":"Item 2 - Banc of California Incentive Plan Proposal . A proposal to approve the amendment and restatement of Banc of California’s existing 2018 Omnibus Stock Incentive Plan, to be renamed the Amended and Restated Banc of California, Inc. 2018 Omnibus Stock Incentive Plan","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000114036123054474/0001140361-23-054474-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"equity plan"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"764e3fe35343fff3eb3a131709d2ab9402f77be2","claim":"BANC OF CALIFORNIA, INC. shareholders approved Approval of issuance of Banc of California common stock to PacWest stockholders and to investors pursuant to investment agreements.","evidence_excerpt":"Item 1 - Banc of California Issuance Proposal . A proposal to approve (i) the issuance of Banc of California common stock to holders of PacWest common stock pursuant to the Merger Agreement, and (ii) the issuance of Banc of California common stock, a new class of non-voting, common-equivalent stock of Banc of California and certain warrants to affiliates of funds managed by Warburg Pincus LLC","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000114036123054474/0001140361-23-054474-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"merger approval"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"},{"claim_id":"8b31345a077cb6990ced9d51eb264eb2a4c685db","claim":"BANC OF CALIFORNIA, INC. shareholders approved Approval of amendment to Section F of Article 6 of the Banc of California Charter to exempt Warburg Investors and affiliates from certain provisions.","evidence_excerpt":"Item 3 - Banc of California Exemption Amendment Proposal . A proposal to approve the amendment of Section F of Article 6 of the Second Articles of Restatement of Banc of California","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1169770/000114036123054474/0001140361-23-054474-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}