secwatch.observer — SEC 8-K summary
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Issuer:     BANC OF CALIFORNIA, INC. (BANC)
CIK:        0001169770
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001169770-25-000006
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169770/000116977025000006/0001169770-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169770/000116977025000006/banc-20250304.htm
  HTML page:      https://secwatch.observer/filing/0001169770-25-000006

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