---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-007340"
form_type: "8-K"
ticker: "BCAL"
cik: "0001795815"
company_name: "California BanCorp \\ CA"
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:08:33.019580+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# California BanCorp enters amended employment agreement with CEO David I. Rainer through 2029

## Summary
- CEO David I. Rainer's amended employment agreement runs from March 1, 2026 to March 1, 2029, plus one year as Executive Director.
- Base salary set at $62,500 per month ($750,000 annual) during employment term; $9,166.66 monthly during director term.
- Restricted stock award of $1,200,000 granted under 2019 Omnibus Plan, vesting 50% at year 2 and 50% at year 3.
- Severance: 12 months' salary on termination without cause; in change of control, 36 months' salary plus 3x average annual bonus.
- Automobile allowance of $1,500 per month; company to provide office space within 10 miles of CEO's residence.

## SEC filing metadata
- accession: 0001493152-26-007340
- form_type: 8-K
- ticker: BCAL
- cik: 0001795815
- company_name: California BanCorp \ CA
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1795815/000149315226007340/0001493152-26-007340-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1795815/000149315226007340/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-007340
- JSON: https://secwatch.observer/filing/0001493152-26-007340.json
- Plain text: https://secwatch.observer/filing/0001493152-26-007340.txt

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