secwatch.observer — SEC 8-K summary
======================================

Issuer:     BayCom Corp (BCML)
CIK:        0001730984
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001730984-23-000049
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730984/000173098423000049/0001730984-23-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730984/000173098423000049/bcml-20230620x8k.htm
  HTML page:      https://secwatch.observer/filing/0001730984-23-000049

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer