secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2025-05-29T23:59:59+00:00
Accession:  0001628280-25-028342
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OP Bancorp appoints Sang K. Oh as President and CEO effective July 1, 2025
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- Mr. Oh succeeds as CEO of OP Bancorp and Open Bank, having served as EVP and Chief Credit Officer since October 2020.
- Base salary set at $400,000 per year; eligible for discretionary incentive bonus and equity awards.
- Five weeks paid time off, $200 monthly electronics allowance, and standard employee benefits provided.
- Employment agreement runs through June 30, 2030, with automatic one-year renewals unless 45-day notice given.
- Severance benefits available for termination without cause or for good reason within Change in Control period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828025028342/0001628280-25-028342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828025028342/opbk-20250529.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-028342

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