---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-003342"
form_type: "8-K"
ticker: "CWBC"
cik: "0001127371"
company_name: "Community West Bancshares"
filed_at: "2025-01-31T23:59:59+00:00"
generated_at: "2026-05-27T04:34:37.023848+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Community West Bancshares enters employment agreements with six officers and reports resignation

## Summary
- On Jan 30, 2025, entered employment agreements with six executives including CEO James Kim ($625K salary, 60% bonus) and CFO Shannon Livingston ($350K, 50%).
- Shannon Livingston received a Salary Continuation Agreement providing $125K/year for 15 years after separation at age 62.
- Livingston also signed a Split Dollar Life Insurance Agreement with the Bank on Jan 30, 2025.
- CEO James Kim's existing Salary Continuation Agreement was amended to allow early termination benefits payable in 180 monthly installments.
- Patrick A. Luis resigned as Chief Credit Officer on Jan 28, 2025, effective Feb 28, 2025, not due to any disagreement.

## SEC filing metadata
- accession: 0001628280-25-003342
- form_type: 8-K
- ticker: CWBC
- cik: 0001127371
- company_name: Community West Bancshares
- filed_at: 2025-01-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1127371/000162828025003342/0001628280-25-003342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1127371/000162828025003342/cvcy-20250128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-003342
- JSON: https://secwatch.observer/filing/0001628280-25-003342.json
- Plain text: https://secwatch.observer/filing/0001628280-25-003342.txt

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