---
schema_version: "secwatch.filing_event.v1"
accession: "0001169770-25-000006"
form_type: "8-K"
ticker: "BANC"
cik: "0001169770"
company_name: "BANC OF CALIFORNIA, INC."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T12:52:46.071416+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Banc of California appoints Karen Hon as Chief Accounting Officer; Krumpoch retiring April 1

## Summary
- Karen Hon appointed EVP and CAO effective March 4, 2025; reports to CFO Joe Kauder.
- Hon previously served as CAO of SVB at First Citizens Bank (2023-2024) and earlier at Silicon Valley Bank.
- Annual base salary of $425,000; eligible for annual bonus, equity awards, and change-in-control severance plan.
- Jeff Krumpoch ceases as interim CAO and will retire April 1 after 23 years with Banc of California and PacWest.
- Hon oversees accounting, financial reporting, SOX controls, and joins senior management committee.

## SEC filing metadata
- accession: 0001169770-25-000006
- form_type: 8-K
- ticker: BANC
- cik: 0001169770
- company_name: BANC OF CALIFORNIA, INC.
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169770/000116977025000006/0001169770-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169770/000116977025000006/banc-20250304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001169770-25-000006
- JSON: https://secwatch.observer/filing/0001169770-25-000006.json
- Plain text: https://secwatch.observer/filing/0001169770-25-000006.txt

## Key facts
- Executive change
  Jeffrey Krumpoch departed as Interim Chief Accounting Officer at BANC OF CALIFORNIA, INC..
  - Action: ceased
  - Role: Interim Chief Accounting Officer
  source text: Jeffrey Krumpoch, who ceased to serve as Interim Chief Accounting Officer, pending his retirement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977025000006/0001169770-25-000006-index.htm
- Executive change
  Karen Hon was appointed as Chief Accounting Officer at BANC OF CALIFORNIA, INC..
  - Action: appointed
  - Role: Chief Accounting Officer
  source text: the appointment of Karen Hon, age 48, as Chief Accounting Officer of the Company and the Bank, effective as of the same date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169770/000116977025000006/0001169770-25-000006-index.htm

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