secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2024-03-29T23:59:59+00:00
Accession:  0001437749-24-010071
Event type: other
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp amends change-of-control severance for CEO and three EVPs, terminating employment upon payment
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- Effective March 25, 2024, amended agreements with CEO David Morris, EVP Jeffrey Yeh, EVP Vincent Liu, and EVP Gary Fan.
- Amendments modify change-of-control severance to state that upon payment, the employment agreement and employment terminate.
- Previous provision allowing continued employment under a new agreement after change of control is removed.
- Morris receives 18 months salary/benefits; Yeh, Liu, and Fan each receive 12 months salary/benefits upon qualifying termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924010071/0001437749-24-010071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924010071/rbb20240329_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-010071

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