secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001437749-23-020550
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923020550/0001437749-23-020550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774923020550/rbb20230724_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020550

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