BayCom Corp terminates CEO, COO, CFO; appoints new leadership team for growth

BayCom Corp

CEO Guarini, COO King, CFO Colwell terminated without cause effective April 10; Guarini gets $4.4M severance + 22,109 RSUs vesting; King & Colwell each $2.4M + 12,548 RSUs.
Newly appointed April 13: William Black as Exec Vice Chair, Christopher Baron as CEO, Kevin Thompson as CFO; all from large-bank backgrounds.
New CEO Baron: salary $675k, target bonus 75%, RSUs worth 25% base (start 2027), severance 2x base+bonsu + 24 months health.
Press release cites 4-year M&A pause, organic growth gap, and undervalued trading multiple; incoming team targets larger transformational deals.
Guarini, King, Colwell resign from board April 10; Baron & Black appointed to board; Guarini stays on UBB board.

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