secwatch.observer — SEC 8-K summary
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Issuer:     Community West Bancshares (CWBC)
CIK:        0001127371
Form:       8-K/A
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001628280-25-004480
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Community West Bancshares corrects CEO James Kim's change-in-control severance to 24 months
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- Amendment corrects severance multiplier in CEO James Kim's employment agreement from 18 to 24 months of average monthly cash compensation.
- Agreement dated January 30, 2025; term through second anniversary with automatic one-year renewals.
- No other changes were made to the original Form 8-K filed January 31, 2025.
- Kim's base salary is $625,000; eligible for annual incentive bonus at 60% of base salary target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1127371/000162828025004480/0001628280-25-004480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1127371/000162828025004480/cvcy-20250128.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-004480

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