Are there related-party transactions between BayCom Corp (BCML) and Michael J. Perdue?

The Company reports there are no arrangements or understandings with any person regarding Mr. Perdue’s selection as director and no transactions between him and BayCom Corp that must be disclosed under Item 404(a) of Regulation S-K. It also notes no other material plans or contracts connected to his appointment.

BayCom Corp adds veteran banker Perdue to board

BayCom Corp, holding company for United Business Bank, reported that its Board of Directors appointed Michael J. Perdue as a director of the Company, effective April 22, 2026.

Filing Impact

(Very High)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

8-K

Rhea-AI Filing Summary

BayCom Corp, holding company for United Business Bank, reported that its Board of Directors appointed Michael J. Perdue as a director of the Company, effective April 22, 2026. He will also serve on the Board’s Compensation and Nominating Committees and is expected to join the Bank’s Board.

Mr. Perdue is described as a widely recognized California community banking leader with over four decades of experience, including prior roles as President of Pacific Western Bank’s San Diego and Desert Regions, President of First Community Bancorp and Pacific Western Bank, and President, CEO and Director of Community Bancorp Inc. He will receive compensation consistent with BayCom’s standard non-employee director program, and the Company states there are no additional material arrangements or related-party transactions tied to his appointment.

8-K Event Classification

3 items: 5.02, 8.01, 9.01

3 items

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.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Terms

Item 5.02, Item 404(a) of Regulation S-K, forward-looking statements, Private Securities Litigation Reform Act of 1995, +1 more

5 terms

Item 5.02 regulatory

"Item 5.02. Departure of Directors or Certain Officers; Election of Directors;"

Item 404(a) of Regulation S-K regulatory

"no transactions between Mr. Perdue and the Company required to be reported pursuant to Item 404(a) of Regulation S-K."

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Private Securities Litigation Reform Act of 1995 regulatory

"forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"

Equal Housing Lender financial

"The Bank is an Equal Housing Lender and a member of FDIC."

A lender who uses the phrase or logo “Equal Housing Lender” is signaling compliance with U.S. fair‑housing and anti‑discrimination rules that require mortgage and housing-related credit decisions to be based on financial factors, not race, gender, national origin, disability or similar traits. For investors, that label matters because it indicates the institution is managing legal and reputational risk associated with discriminatory lending; compliance helps protect a lender’s ability to originate loans, maintain regulatory standing and avoid costly fines or lawsuits — similar to a restaurant displaying health inspection compliance to reassure patrons and regulators.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BayCom Corp (BCML) announce in this 8-K filing?

BayCom Corp announced the appointment of Michael J. Perdue as a director of the Company, effective April 22, 2026. He joins the Board’s Compensation and Nominating Committees, and a related press release dated April 23, 2026, was filed as Exhibit 99.1 to the report.

Who is Michael J. Perdue, the new director at BayCom Corp (BCML)?

Michael J. Perdue is a long-time community banking executive in California with more than four decades of leadership experience. He previously served as President of Pacific Western Bank’s San Diego and Desert Regions, President of First Community Bancorp and Pacific Western Bank, and President, CEO and Director of Community Bancorp Inc.

What board roles will Michael J. Perdue hold at BayCom Corp (BCML)?

Michael J. Perdue has been appointed as a director of BayCom Corp and will serve on its Compensation Committee and Nominating Committee. The filing also states he is expected to be appointed to the Board of Directors of United Business Bank, the Company’s banking subsidiary.

How will BayCom Corp (BCML) compensate new director Michael J. Perdue?

BayCom Corp states that Michael J. Perdue will receive compensation consistent with its standard non-employee director compensation program. That program is described under “Director Compensation” in the Company’s proxy statement filed with the Securities and Exchange Commission on April 25, 2025.

What forward-looking statements does BayCom Corp (BCML) include in the press release?

The press release includes forward-looking statements about BayCom Corp’s strategic plans, management transition and expected benefits. It notes such statements rely on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, and disclaims any obligation to update them except as required by law.

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

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Accepted by SEC EDGAR 04/23/2026 - 04:37 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

Current report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

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

BAYCOM CORP

(Exact name of registrant as specified in its charter)


California	001-38483	37-1849111
(State or other jurisdiction of incorporation or organization)	(Commission File No.)	(I.R.S. Employer Identification No.)


500 Ygnacio Valley Road, Suite 200, Walnut Creek, CA		94596
(Address of principal executive offices)		(Zip Code)

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

Not Applicable

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

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):

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

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

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

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

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


Title of each Class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	BCML	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in 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).

Emerging growth company ☐

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. ☐

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			Press Release dated April 23, 2026
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.”

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

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Press Releases

EX-99.1 EX-99.1 14.6 KB