---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020550"
form_type: "8-K"
ticker: "RBB"
cik: "0001499422"
company_name: "RBB Bancorp"
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:11:54.301765+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# RBB Bancorp finalizes employment agreement with President Johnny Lee; $575K salary, $100K bonus

## Summary
- 3-year term starting June 15, 2023; base salary $575,000, subject to annual board review.
- Signing bonus of $100,000; must be repaid if Executive voluntarily resigns within six months.
- Restricted stock unit award of 16,500 shares, vesting 33.33% per year over three years.
- Severance: 6 months salary if terminated without cause; 12 months salary plus benefits on change in control.
- One-year non-solicitation covenant for banking customers within 50 miles of Los Angeles.

## SEC filing metadata
- accession: 0001437749-23-020550
- form_type: 8-K
- ticker: RBB
- cik: 0001499422
- company_name: RBB Bancorp
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1499422/000143774923020550/0001437749-23-020550-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1499422/000143774923020550/rbb20230724_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020550
- JSON: https://secwatch.observer/filing/0001437749-23-020550.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020550.txt

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