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 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 8.01. 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.
Item 9.01. Financial Statements and Exhibits
(a)Not applicable.
(b)Not applicable.
(c)Not applicable.
(d)The following exhibits are included with this report:
99.1 | |||
104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) | ||
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: April 23, 2026 | /s/ Kevin L. Thompson |
Kevin L. Thompson, | |
Executive Vice President, Chief Financial Officer | |
and Secretary | |
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 reputation as a disciplined operator, a thoughtful steward of shareholder capital, and a banker who genuinely puts people first.
“Mike Perdue is exactly the caliber of director that reflects what we’re building at BayCom,” said Lloyd Kendall, Chairman of the Board. “His track record as a CEO, operator, and public company leader speaks for itself, and his judgment will be invaluable to this Board as we continue to execute our strategy.”
“Mike has been a colleague, a mentor, and one of the most principled people I’ve had the privilege to work with,” said Bill Black, Executive Vice Chairman. “He builds strong, enduring franchises with consistency and integrity. We’re fortunate to have him join the Board, and our shareholders, employees and clients will benefit.”
“Mike brings a rare combination of operating discipline and local market knowledge that’s directly relevant to where we are headed,” said Christopher Baron, Chief Executive Officer. “As we continue to grow in Southern California, his perspective, particularly from building and integrating banks in this region, will be immediately impactful in the boardroom.”
Mr. Perdue’s appointment continues BayCom’s commitment to assembling a leadership team and Board of exceptional caliber. “The quality of the people choosing to join BayCom — at every level — is the clearest signal of where this company is headed,” added Mr. Black. “The best is yet to come.”
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About BayCom Corp
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 and Colorado. The Bank is an Equal Housing Lender and a member of FDIC. The Company’s common stock is traded on the NASDAQ under the symbol “BCML”. For more information, go to www.unitedbusinessbank.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's strategic plans, management transition, and expected benefits thereof. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. These risks include, without limitation, the Company's ability to successfully execute its management transition, retain key employees and clients, and achieve its strategic objectives. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances that arise after the date of this release, except as required by law.
CONTACT:
BayCom Corp
Kevin L. Thompson, 925-476-1800
Klthompson@ubb-us.com
Source: BayCom Corp
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Document and Entity Information |
Apr. 21, 2026 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Document Period End Date | Apr. 21, 2026 |
| Entity File Number | 001-38483 |
| Entity Registrant Name | BAYCOM CORP |
| Entity Incorporation, State or Country Code | CA |
| Entity Tax Identification Number | 37-1849111 |
| Entity Address, Address Line One | 500 Ygnacio Valley Road |
| Entity Address, Adress Line Two | Suite 200 |
| Entity Address, City or Town | Walnut Creek |
| Entity Address, State or Province | CA |
| Entity Address, Postal Zip Code | 94596 |
| City Area Code | 925 |
| Local Phone Number | 476-1800 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock |
| Trading Symbol | BCML |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |
| Entity Central Index Key | 0001730984 |
| Amendment Flag | false |