Baycom Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Baycom Corp (BCML) on October 10, 2024, reporting an event that occurred on October 7, 2024. The registrant is a California corporation operating as a bank holding company with its principal executive offices in Walnut Creek, CA. The company's common stock trades on The Nasdaq Stock Market LLC.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate governance event and does not contain financial performance data.
Material Changes
The material change reported is the departure of a director. On October 7, 2024, James S. Camp notified the Boards of Directors of Baycom Corp and its wholly owned subsidiary, United Business Bank, of his decision to retire as a director effective immediately.
Management Commentary and Risks
Mr. Camp indicated that his retirement was for personal reasons. The filing explicitly states that the departure was not the result of any disagreement with the Boards or the Company's or the Bank's management. No other risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- James S. Camp retired as a director of Baycom Corp and United Business Bank effective October 7, 2024.
- The departure was voluntary and for personal reasons, with no reported disagreement with management.
- The filing contains no financial results or updated guidance.