---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-000728"
form_type: "8-K"
ticker: "BCAL"
cik: "0001795815"
company_name: "California BanCorp \\ CA"
filed_at: "2026-01-07T23:59:59+00:00"
generated_at: "2026-05-16T11:23:45.131504+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CEO Steven Shelton retires; Chairman David Rainer appointed CEO effective Dec 31, 2025

## Summary
- Steven Shelton retired as CEO and director of California BanCorp and its bank subsidiary, effective Dec 31, 2025; he will serve as advisory transition partner through Dec 2026.
- David Rainer, previously Chairman, appointed CEO of both entities effective Dec 31, 2025; his compensation remains unchanged.
- Shelton receives separation payment of $996,400 lump sum after July 1, 2026, plus $16,666.66/month advisory salary, COBRA, and accelerated equity vesting.
- The retirement is not due to any disagreement with the company's operations, policies, or practices.

## SEC filing metadata
- accession: 0001493152-26-000728
- form_type: 8-K
- ticker: BCAL
- cik: 0001795815
- company_name: California BanCorp \ CA
- filed_at: 2026-01-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795815/000149315226000728/0001493152-26-000728-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795815/000149315226000728/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-000728
- JSON: https://secwatch.observer/filing/0001493152-26-000728.json
- Plain text: https://secwatch.observer/filing/0001493152-26-000728.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.