{"schema_version":"secwatch.filing_event.v1","accession":"0001473844-23-000056","form_type":"8-K","ticker":"STEL","cik":"0001473844","company_name":"Stellar Bancorp, Inc.","filed_at":"2023-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.174015+00:00","generated_at":"2026-06-08T22:17:19.330272+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Stellar Bancorp VP Chairman Martinez to retire; new Jaggers employment agreement with $450K base, $500K min bonus","bullets":["George Martinez will not stand for reelection at 2024 annual meeting; retires as Bank Vice Chairman Dec 31, 2023.","Travis Jaggers' new employment agreement extends term to June 30, 2024, with base salary $450K effective Sep 1, 2023.","Jaggers guaranteed minimum annual bonus of $500K; prorated bonus upon termination without cause, for good reason, or term expiration.","Martinez decision not due to any disagreement with the Company; will continue as Company director until 2024 annual meeting."],"urls":{"canonical":"https://secwatch.observer/filing/0001473844-23-000056","json":"https://secwatch.observer/filing/0001473844-23-000056.json","markdown":"https://secwatch.observer/filing/0001473844-23-000056.md","text":"https://secwatch.observer/filing/0001473844-23-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1473844/000147384423000056/0001473844-23-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1473844/000147384423000056/stel-20231030.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T22:17:19.330272+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"864389d2d3","claim":"George Martinez departed as Vice Chairman at Stellar Bancorp, Inc..","evidence_excerpt":"He intends to retire as a director and Vice Chairman of the Bank at December 31, 2023.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1473844/000147384423000056/0001473844-23-000056-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Vice Chairman"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}