---
schema_version: "secwatch.filing_event.v1"
accession: "0001730984-23-000049"
form_type: "8-K"
ticker: "BCML"
cik: "0001730984"
company_name: "BayCom Corp"
filed_at: "2023-06-23T23:59:59+00:00"
generated_at: "2026-06-13T18:13:00.526643+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# BayCom amends executive SERPs to extend contributions beyond 2023, adjusts death benefits

## Summary
- Removed 2023 as final service period; contributions can continue if performance goals met.
- Deleted non-compete provisions to comply with current California law.
- Death benefits enhanced: beneficiaries now receive SERP accrued liability balance plus existing formula (lesser of $1.5M or 50% net-at-risk).
- CEO Guarini 90% vested (100% by Oct 2023); King and Colwell 50% vested (100% by 2027).
- Annual SERP contributions range from 0% to 61.36% of base salary for CEO, based on performance targets.

## SEC filing metadata
- accession: 0001730984-23-000049
- form_type: 8-K
- ticker: BCML
- cik: 0001730984
- company_name: BayCom Corp
- filed_at: 2023-06-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1730984/000173098423000049/0001730984-23-000049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1730984/000173098423000049/bcml-20230620x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001730984-23-000049
- JSON: https://secwatch.observer/filing/0001730984-23-000049.json
- Plain text: https://secwatch.observer/filing/0001730984-23-000049.txt

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