Southern California Bancorp Form 8-K Summary
Reporting date: April 2, 2024. The filing identifies the registrant as Southern California Bancorp, ticker BCAL; the request metadata refers to California Bancorp.
Business Context and Reporting Period
This current report addresses a change in the independent registered public accounting firm and matters relating to the 2024 annual shareholder meeting. It does not report quarterly or annual financial results.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, capital, or other operating metrics.
Material Changes and Corporate Actions
- The Audit and Risk Committee appointed RSM US LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2024.
- Eide Bailly LLP previously informed the company that it would exit the financial institution portion of its SEC audit practice and would not stand for reappointment for 2024.
- Eide Bailly will continue to review the company’s interim financial statements for the quarter ending March 31, 2024.
- The company stated that neither it nor anyone acting on its behalf consulted RSM regarding matters requiring disclosure under Item 304(a)(2) of Regulation S-K during the specified periods.
Annual Meeting, Outlook, and Risks
- The 2024 annual meeting is scheduled for June 4, 2024, at 8:30 a.m. Pacific Daylight Time in San Diego, California.
- The record date for shareholders entitled to notice of and voting at the meeting is April 10, 2024.
- Shareholder proposals, director nominations, and certain universal-proxy solicitations must generally be received by the close of business on April 14, 2024, subject to the company’s bylaws and applicable SEC rules.
- The filing contains no financial guidance, operating outlook, material contingency, or unusual financial item.
Investor Verification Items
- Confirm the registrant’s legal name and ticker, because the filing identifies Southern California Bancorp while the request metadata states California Bancorp.
- Review the company’s subsequent filings for the outcome of the auditor transition and any reportable disagreements or changes in accounting treatment.
- Confirm the annual meeting date, record date, location, and April 14 shareholder-submission deadline in the definitive proxy materials.
- Obtain the company’s financial statements or other filings for current revenue, earnings, cash flow, capital, debt, liquidity, and credit-quality information, which are not included in this 8-K.