secwatch.observer — SEC 8-K summary
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Issuer:     PCB BANCORP (PCB)
CIK:        0001423869
Form:       8-K
Filed at:   2026-09-24T20:05:05+00:00
Accession:  0001423869-26-000029
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PCB Bancorp renews CEO Henry H. Kim's contract with $550K base salary, 25K share grant
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- PCB Bancorp amended CEO Henry H. Kim's employment agreement, effective Jan 1, 2027, through Dec 31, 2031.
- Base salary set at $550,000; eligible for annual cash bonus ranging from 0% to 100% of base salary.
- Grant of 25,000 restricted shares vests in 5 equal annual installments of 5,000 shares through Dec 31, 2031.
- Severance: 100% of salary if terminated for cause or resignation; 150% if terminated without cause; 200% on change-in-control separation, plus 12 months COBRA.
- Perquisites include $3,000/month auto allowance (or company car) and 25 days of paid time off per year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423869/000142386926000029/0001423869-26-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423869/000142386926000029/pcb-20260923.htm
  HTML page:      https://secwatch.observer/filing/0001423869-26-000029

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