secwatch.observer — SEC 8-K summary
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Issuer:     RBB Bancorp (RBB)
CIK:        0001499422
Form:       8-K
Filed at:   2025-04-11T23:59:59+00:00
Accession:  0001437749-25-011698
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

RBB Bancorp CEO David Morris to retire after May 2025 annual meeting
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- Morris will retire effective after the shareholder meeting expected May 21, 2025.
- Separation package includes base salary through May 31, 2025, plus Medicare cost reimbursement through Dec 2025.
- Change-in-control in 2025 triggers a lump-sum equal to annual salary and immediate vesting of all equity awards.
- Unvested equity awards continue vesting during Morris's board tenure and fully vest if he leaves the board for any reason.
- No successor CEO has been announced; Morris's Employment Agreement from April 2017 is superseded.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1499422/000143774925011698/0001437749-25-011698-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1499422/000143774925011698/rbb20250410_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-011698

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