secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0001628280-25-003342
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000162828025003342/0001628280-25-003342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000162828025003342/cvcy-20250128.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-003342

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