secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001437749-24-036075
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp amends employment contracts for five top officers, adding bonus severance and dropping non-solicit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924036075/0001437749-24-036075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774924036075/rbb20241120c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-036075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer