secwatch.observer — SEC 8-K summary
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Issuer:     BANC OF CALIFORNIA, INC. (BANC)
CIK:        0001169770
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001169770-23-000053
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banc of California appoints Joseph Kauder as CFO effective July 10, 2023
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- Joseph Kauder, former Wells Fargo EVP & CFO of Commercial Banking, named CFO of Banc of California.
- Kauder receives $500k base salary, 75% target bonus, and $450k inducement RSU award.
- Interim CFO Raymond Rindone steps down July 10 but remains EVP, Deputy CFO & CAO.
- Kauder has 30+ years experience including senior finance roles at Wells Fargo and Wachovia.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169770/000116977023000053/0001169770-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169770/000116977023000053/banc-20230705.htm
  HTML page:      https://secwatch.observer/filing/0001169770-23-000053

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