secwatch.observer — SEC 8-K summary
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Issuer:     California BanCorp \ CA (BCAL)
CIK:        0001795815
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001493152-26-007340
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1795815/000149315226007340/0001493152-26-007340-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1795815/000149315226007340/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-007340

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