Short answer
PCB BANCORP (PCB) filed an 8-K current report with the SEC on September 24, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers). CEO Henry H. Kim secured continued employment through December 31, 2031 under a new five-year agreement effective January 1, 2027.
PCB BANCORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CEO Henry H. Kim secured continued employment through December 31, 2031 under a new five-year agreement effective January 1, 2027
- Annual base salary set at $550,000, with discretionary cash bonus eligibility up to 100% of salary
- Equity award of 25,000 restricted shares, vesting in five annual installments of 5,000 shares from 2027 through 2031
- Termination protections include 150% of salary without Cause and 200% following qualifying Change in Control separation
- Change in Control separation triggers accelerated vesting of all 25,000 restricted shares, increasing potential transaction-related compensation cost
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