UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM
Current Report
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 21, 2022, Malcolm F. Hotchkiss and David M. Spatz each notified the Board of Directors (the “Board”) of BayCom Corp (the “Company”) of their respective decisions to retire from the Board and not stand for re-election at the Company’s next annual meeting of shareholders, to be held on June 21, 2022 (the “2022 Annual Meeting”). Messrs. Hotchkiss and Spatz will each serve out the remainder of their respective terms, which will expire at the 2022 Annual Meeting. Messrs. Hotchkiss and Spatz also advised the board of directors of the Company’s wholly-owned bank subsidiary, United Business Bank (the “Bank”) of their respective decisions to retire from the board of directors of the Bank, effective upon the expiration of their term as a director of the Company. The decision by each of Messrs. Hotchkiss and Spatz to not to stand for re-election was not a result of any disagreement with the Board or management of the Company or the Bank.
The Board intends to decrease the size the Board, effective as of the date of the 2022 Annual Meeting, to remove the vacancies created by the retirements of Messrs. Hotchkiss and Mr. Spatz. The board of directors of the Bank will also decrease the size its board to remove the vacancies created by the directors’ retirements.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| BAYCOM CORP | |
| Date: March 22, 2022 | /s/ Keary L Colwell |
| Keary L. Colwell, Senior Executive Vice President, Chief | |
| Financial Officer and Corporate Secretary | |