---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-22-000006"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2022-02-08T23:59:59+00:00"
generated_at: "2026-06-27T09:56:01.991970+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Banc of California enters amended CEO employment with Wolff; base salary raised to $875K

## Summary
- Term runs March 1, 2022 to February 28, 2025, subject to annual extensions unless notice provided.
- Base salary increased to $875,000 per annum from prior level.
- Annual target bonus set at 100% of base salary; long-term equity target 110% of base.
- Termination without cause pays 100% base salary plus 50% target bonus, 12 months COBRA subsidy.
- Change in control within 2 years triggers 300% of salary plus bonus, full equity vesting, 18 months COBRA.

## SEC filing metadata
- accession: 0001169770-22-000006
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2022-02-08T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000006/0001169770-22-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977022000006/banc-20220207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-22-000006
- JSON: https://secwatch.observer/filing/0001169770-22-000006.json
- Plain text: https://secwatch.observer/filing/0001169770-22-000006.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.