secwatch.observer — SEC 8-K summary
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Issuer:     BayCom Corp (BCML)
CIK:        0001730984
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001730984-26-000019
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1730984/000173098426000019/0001730984-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1730984/000173098426000019/bcml-20260407x8k.htm
  HTML page:      https://secwatch.observer/filing/0001730984-26-000019

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