other material
confidence high
sentiment neutral
materiality 0.40
RBB Bancorp amends employment contracts for five top officers, adding bonus severance and dropping non-solicit
RBB Bancorp
- Amends pacts for CEO David Morris, CCO Jeffrey Yeh, CRO Vincent Liu, CAO Gary Fan, and President Johnny Lee.
- Severance on change of control now includes 100% of annual target bonus: 18 months salary for Morris, 12 months for others.
- Non-solicitation of customers and employees (Paragraph J.2) removed from all five agreements.
- Effective November 20, 2024; address updated to corporate headquarters at 1055 Wilshire Blvd, LA.