Baycom Corp Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Baycom Corp, the holding company for United Business Bank, on April 21, 2026. The report details corporate governance changes effective April 22, 2026.
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 personnel appointments and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Michael J. Perdue as a director of the Company, effective April 22, 2026. Mr. Perdue was simultaneously appointed to the Compensation Committee and the Nominating Committee. He is expected to be appointed to the Board of Directors of United Business Bank as well.
Guidance, Outlook, and Risks
There is no guidance, outlook, or discussion of risks and contingencies in this filing. Regarding compensation, Mr. Perdue will receive compensation consistent with the Company's standard non-employee director compensation program as described in the proxy statement filed on April 25, 2025. The filing explicitly states there are no other material plans, contracts, or arrangements between Mr. Perdue and the Company.
Key Facts for Investor Verification
- Michael J. Perdue was appointed as a director effective April 22, 2026.
- Mr. Perdue serves on the Compensation and Nominating Committees.
- Compensation is aligned with the standard non-employee director program detailed in the April 25, 2025 proxy statement.
- No other material contracts or arrangements exist between Mr. Perdue and the Company.
- A press release regarding this appointment was issued on April 23, 2026 (Exhibit 99.1).