secwatch.observer — SEC 8-K summary
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Issuer:     BANC OF CALIFORNIA, INC. (BANC)
CIK:        0001169770
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001169770-23-000048
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banc of California CEO Jared Wolff elected board chair; say-on-pay passes with 20% dissent
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- CEO Jared M. Wolff elected board chair; Robert Sznewajs appointed vice chair and lead independent director.
- Annual meeting: all 12 director nominees elected; say-on-pay approved with 41.1M for, 10.4M against (20% against).
- Sixth Amended and Restated Bylaws adopted to comply with SEC universal proxy rules, including procedural changes for stockholder nominations.
- Ernst & Young ratified as independent auditor for FY2023 (54.4M for, 0.3M against).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169770/000116977023000048/0001169770-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169770/000116977023000048/banc-20230511.htm
  HTML page:      https://secwatch.observer/filing/0001169770-23-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer