{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-024371","form_type":"8-K","ticker":"BANC","cik":"0001169770","company_name":"BANC OF CALIFORNIA, INC.","filed_at":"2024-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.517274+00:00","generated_at":"2026-06-01T12:19:24.561025+00:00","sec_items":["4.01","5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Banc of California dismisses KPMG, appoints EY; CEO Wolff gets new employment agreement with enhanced pay and severance","bullets":["Dismissed KPMG as auditor; appointed Ernst & Young for FY 2024. No adverse opinions or disagreements in prior audits.","CEO Jared Wolff entered amended employment agreement effective May 17, 2024 with three-year term.","Base salary of $1,050,000 per annum; annual bonus target 150% of base salary; long-term equity target 250% of base salary.","Retention bonus of $2.2 million, subject to clawback if Wolff leaves before April 30, 2027 for cause or without good reason.","Enhanced severance: 2x (base+target bonus) for qualified termination, 3x for change-of-control related termination, plus 36 months COBRA."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-024371","json":"https://secwatch.observer/filing/0001628280-24-024371.json","markdown":"https://secwatch.observer/filing/0001628280-24-024371.md","text":"https://secwatch.observer/filing/0001628280-24-024371.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1169770/000162828024024371/0001628280-24-024371-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1169770/000162828024024371/banc-20240514.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T12:19:24.561025+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}