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BayCom Corp (NASDAQ: BCML) director Syvia L. Magid resigns from boards

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

BayCom Corp reports that director Syvia L. Magid has decided to resign from the Boards of the company and its wholly owned subsidiary, United Business Bank. She notified the Boards on July 21, 2026, and her resignation is effective July 22, 2026.

The company states that Ms. Magid’s decision to resign was not the result of any disagreement with the Boards or with the management of BayCom Corp or United Business Bank.

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Resignation notice date July 21, 2026 Date Syvia L. Magid notified the Boards of her decision to resign
Resignation effective date July 22, 2026 Effective date of Syvia L. Magid’s resignation as director
Report signature date July 24, 2026 Date the report was signed by Executive Vice President and CFO Kevin L. Thompson
Trading symbol BCML Ticker for BayCom Corp common stock on The Nasdaq Stock Market LLC
Emerging growth company regulatory
"405 of this chapter)... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Pre-commencement communications regulatory
"Pre-commencement communications pursuant to Rule 14d-2(b)"
Soliciting material regulatory
"Soliciting material pursuant to Rule 14a-12 under the Exchange Act"
wholly owned subsidiary financial
"the Company and its wholly owned subsidiary, United Business Bank"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What director change did BayCom Corp (BCML) disclose in this 8-K?
BayCom Corp disclosed that director Syvia L. Magid has decided to resign from the Boards of BayCom Corp and United Business Bank. The filing specifies her resignation applies to both entities’ boards, reflecting a change in the company’s board composition.

When is Syvia L. Magid’s resignation from BayCom Corp (BCML) effective?
Her resignation is effective on July 22, 2026. She notified the Boards of BayCom Corp and United Business Bank of her decision on July 21, 2026, creating a one-day gap between notice and effective resignation.

Did Syvia L. Magid cite any disagreement with BayCom Corp (BCML) in resigning?
No. The company states that Ms. Magid’s decision to resign was not the result of any disagreement with the Boards or with the management of BayCom Corp or United Business Bank, indicating an absence of reported dispute.

Which BayCom Corp (BCML) entities are affected by Syvia L. Magid’s resignation?
Her resignation affects both BayCom Corp and its wholly owned subsidiary, United Business Bank. She is resigning as a director of each entity, so both boards will need to address the resulting vacancy or reallocation of responsibilities.

What stock exchange lists BayCom Corp (BCML) common stock?
BayCom Corp’s common stock trades on The Nasdaq Stock Market LLC under the trading symbol BCML. This listing information is included alongside the director change disclosure, confirming the company’s public trading venue.

Who signed the BayCom Corp (BCML) report regarding the director resignation?
The report was signed by Kevin L. Thompson, Executive Vice President, Chief Financial Officer and Secretary of BayCom Corp, dated July 24, 2026. His signature indicates authorized submission of the disclosure about Ms. Magid’s resignation.
0001730984false00017309842026-07-212026-07-21

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

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FORM 8-K

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Current report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 21, 2026

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BAYCOM CORP

(Exact name of registrant as specified in its charter)

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California

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001-38483

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37-1849111

(State or other jurisdiction of
incorporation or organization)

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(Commission
File No.)

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(I.R.S. Employer
Identification No.)

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500 Ygnacio Valley Road, Suite 200, Walnut Creek, CA

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94596

(Address of principal executive offices)

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(Zip Code)

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Registrant’s telephone number, including area code: (925) 476-1800

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Not Applicable

(Former name or former address, if changed from last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each Class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

BCML

The Nasdaq Stock Market LLC

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company  ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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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

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On July 21, 2026, Syvia L. Magid notified the Boards of Directors of BayCom Corp (the “Company”) and its wholly owned subsidiary, United Business Bank (the “Bank”), of her decision to resign as a director of the Company and the Bank, effective July 22, 2026. The decision by Ms. Magid to resign was not a result of any disagreement with the Boards or the Company's or the Bank’s management.

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SIGNATURES

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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 hereunto duly authorized.

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BAYCOM CORP

Date: July 24, 2026

/s/ Kevin L. Thompson

Kevin L. Thompson,

Executive Vice President, Chief Financial Officer

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and Secretary

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Source: View Original Filing on SEC EDGAR

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