secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0001437749-23-014200
Event type: leadership
Sentiment:  negative
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp director Paul Lin resigns citing governance, ethics concerns
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- Paul Lin resigned effective May 8, 2023 from RBB and Royal Business Bank boards, citing disagreements on governance and board investigation.
- Resignation letter alleges conflicts of interest, possible code-of-ethics violations, and inadequate internal investigation.
- Company responded that it updated governance guidelines, appointed independent directors Franko and Polakoff, and nominated Bennett and Wong.
- Over the past 12 months, six board members have resigned; two (Yu and Lin) specifically cited governance disagreements.
- Company promoted David Morris as CEO, Alex Ko as CFO, and Gary Fan as CAO during the period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923014200/0001437749-23-014200-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923014200/rbb20230512c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-014200

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