SEC Form 8-K Summary
Registrant: Southern California Bancorp (NASDAQ: BCAL), parent of Bank of Southern California, N.A.
Reporting date: January 16, 2024. The filing was signed January 19, 2024. The source text states that the retirement occurred on January 16, 2023, which appears inconsistent with the filing date and should be verified against the original filing.
Business Context and Event
Southern California Bancorp reported the immediate retirement of John Farkash from the boards of directors of the Company and Bank of Southern California. Mr. Farkash was identified as Chairman Emeritus and a director.
The filing states that the retirement was not due to any disagreement with the Company or Bank regarding operations, policies, or practices.
Financial Metrics and Liquidity
This Form 8-K does not provide revenue, net income, cash flow, margins, debt, liquidity, capital ratios, asset quality, or other financial performance metrics.
Changes Versus Prior Period
No financial or operating comparison with a prior period is provided. The material change reported is the retirement of a director.
Outlook, Risks, and Unusual Items
No earnings guidance, business outlook, risk update, contingency, or unusual financial item is disclosed.
The Company furnished a January 19, 2024 press release announcing Mr. Farkash’s retirement. The filing states that the press release and related Regulation FD disclosure are furnished, not filed, and are not incorporated by reference except as expressly provided in another filing.
Key Facts to Verify
- Verify the effective retirement date, because the filing text refers to January 16, 2023 despite a January 16, 2024 report date.
- Review Exhibit 99.1 for the complete announcement and any additional board or governance details.
- Confirm whether a successor director or changes to committee assignments were announced separately.
- Consult the Company’s periodic financial filings for current financial performance, capital, liquidity, and risk information.