Pacific Premier (NASDAQ: PPBI) revokes S-8 stock plans post-merger
Rhea-AI Filing Summary
Pacific Premier Bancorp, Inc., now part of Columbia Banking System, filed post-effective amendments to its employee stock and benefit plan registrations to formally end those programs. The company is terminating all offerings under several long‑term incentive, equity compensation, stock option, and 401(k) plans and is deregistering any shares and related plan interests that were previously registered but remain unsold. This step follows the completion of its two‑step merger with Columbia on August 31, 2025, after which Pacific Premier was merged into Columbia as the surviving entity.
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FAQ
What did Pacific Premier Bancorp (PPBI) change in this S-8 post-effective amendment?
The company filed post-effective amendments to multiple Form S-8 registration statements to terminate all offerings under those plans and deregister any Pacific Premier common shares and plan interests that were previously registered but remain unsold.
Which Pacific Premier Bancorp plans are affected by this deregistration?
The affected plans include the Pacific Premier Bancorp, Inc. Amended and Restated 2022 Long-Term Incentive Plan, the Pacific Premier Bancorp, Inc. 2012 and 2004 Long-Term Incentive Plans, the Heritage Oaks Bancorp, Inc. 2005 Equity-Based Compensation Plan and 2015 Equity Incentive Plan, and the Life Financial Corporation 2000 Stock Incentive Plan, Amended and Restated 1996 Stock Option Plan, and 401(k) Savings Plan.
Why is Pacific Premier Bancorp terminating these S-8 registrations?
The amendments state that, in connection with its completed mergers with Columbia Banking System, Inc., Pacific Premier has terminated all offerings of its securities under the prior S-8 registration statements and is removing from registration all securities under those statements that remain unsold.
How does the Columbia Banking System merger relate to this S-8 filing for PPBI?
Under an Agreement and Plan of Merger dated April 23, 2025, a Columbia subsidiary first merged into Pacific Premier, and then the surviving corporation merged into Columbia. After these mergers were completed on August 31, 2025, Columbia became the surviving entity, and Pacific Premier is now withdrawing its unsold S-8 registered securities.
Who signed the post-effective amendments for the former Pacific Premier Bancorp S-8 filings?
The amendments were signed on behalf of Columbia Banking System, Inc., as successor by merger to Pacific Premier Bancorp, Inc., by Kumi Yamamoto Baruffi, Executive Vice President, General Counsel and Corporate Secretary.
Does this S-8 post-effective amendment register new Pacific Premier shares?
No. The amendment removes from registration all securities that were previously registered under the listed Form S-8 registration statements and remain unsold; it does not register any new securities.