Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On April 21, 2026, the Board of Directors of BayCom Corp (the “Company”), the holding company for United Business Bank (the “Bank”), appointed Michael J. Perdue as a director of the Company, effective April 22, 2026. At that time, Mr.…
The Company, through its wholly owned operating subsidiary, United Business Bank, offers a full range of loans, including SBA, CalCAP, FSA and USDA guaranteed loans, and deposit products and services to businesses and their affiliates in California, Washington, New Mexico, Colorado and Nevada. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is listed on the NASDAQ Global Select Market under the symbol “BCML”. For more information, go to www.unitedbusinessbank.com.
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On April 21, 2026, the Board of Directors of BayCom Corp (the “Company”), the holding company for United Business Bank (the “Bank”), appointed Michael J. Perdue as a director of the Company, effective April 22, 2026. At that time, Mr. Perdue also was appointed as a member of the Compensation Committee and Nominating Committee of the Company’s Board of Directors.
Mr. Perdue will receive compensation consistent with the Company’s standard non-employee director compensation program, as described under “Director Compensation” in the Company’s proxy statement filed with the Securities and Exchange Commission on April 25, 2025. There are no other material plans, contracts, or arrangements between Mr. Perdue and the Company in connection with his appointment. Further, there are no arrangements or understandings between Mr. Perdue and any other person pursuant to which he was selected as a director and no transactions between Mr. Perdue and the Company required to be reported pursuant to Item 404(a) of Regulation S-K.
Mr. Perdue is expected to also be appointed to the Board of Directors of the Bank.
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events
On April 23, 2026, the Company issued a press release announcing the appointment of Mr. Perdue as a director of the Company. A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
Filed exhibits (1)
EX-99.1 (by filename) bcml-20260421xex99d1.htm
EX-99.1
2
bcml-20260421xex99d1.htm
EX-99.1
Exhibit 99.1
Press Release
BAYCOM CORP ANNOUNCES APPOINTMENT OF NEW DIRECTOR
WALNUT CREEK, California, April 23, 2026 - BayCom Corp (NASDAQ: BCML) (the “Company”), the holding company for United Business Bank (the “Bank”), today announced that Mr. Michael J. Perdue was appointed as a director of the Company, effective April 22, 2026.
Mr. Perdue, a widely recognized community banking leader in California, brings more than four decades of leadership experience across commercial banking, operational expertise and public company governance. Mr. Perdue most recently served as President of Pacific Western Bank’s San Diego and Desert Regions, a role he held following PacWest Bancorp’s acquisition of First Community Bancorp. Prior to that, he served as President of First Community Bancorp and Pacific Western Bank, and earlier as President, Chief Executive Officer, and Director of Community Bancorp Inc. (NASDAQ: CMBC), which he led through a period of significant growth and strategic acquisitions before its sale. Over his career, Mr. Perdue has built, acquired, integrated, and led community banks across Southern California, earning a reputa…