Company: BCML
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001730984-25-000031
Chunk: 24

Company: BayCom Corp
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 24
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) have not participated in the preparation of the financial statements of the Company or any of its current subsidiaries at any time

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during the past three years; and (iv) are able to read and understand fundamental financial statements, including our balance sheet, income statement, and cash flow statement. The Board of Directors has determined that Mr. Chaudhary meets the requirements adopted by the SEC for qualification as an “audit committee financial expert”. The Audit Committee is required to meet at least quarterly. During 2024, the Audit Committee held 11 meetings. Compensation Committee.The Compensation Committee operates under a formal written charter adopted by the Board of Directors. The Compensation Committee is responsible for discharging the board’s responsibilities relating to compensation of our executive officers and directors. Among other things, the Compensation Committee is responsible for:

| ● | evaluating human resources and compensation strategies; |

| ● | reviewing and approving objectives relevant to executive officer compensation; |

| ● | evaluating performance and recommending the compensation of the Chief Executive Officer in accordance with those objectives; |

| ● | approving any changes to non-equity-based benefit plans involving a material financial commitment; |

| ● | recommending to the Board of Directors compensation for directors; and |

| ● | evaluating its performance in relation to the Compensation Committee charter. |

The Compensation Committee is composed solely of members who satisfy the applicable independence requirements of the NASDAQ Listing Rules for compensation committees. The Compensation Committee is required to meet at least twice a year and on an as-needed basis. The Compensation Committee held 10 meetings during 2024. Corporate Governance and Nominating Committee.The CGN Committee operates under a formal written charter adopted by the Board of Directors. The CGN Committee is responsible for making recommendations to our Board of Directors regarding candidates for directorships and the size and composition of our Board of Directors. In addition, the CGN Committee is responsible for overseeing our corporate governance guidelines and reporting and making recommendations to our Board of Directors concerning governance matters. Among other things, the CGN Committee is responsible for:

| ● | identifying individuals qualified to be directors consistent with the criteria approved by the Board of Directors and recommending director nominees to the full Board of Directors; |

| ● | recommending the appropriate size of the Board of Directors; |

| ● | reviewing nominations submitted by shareholders that comply with the requirements of the Company’s Charter and Bylaws; |

| ● | reviewing proposals submitted by shareholders for business to be conducted at annual meetings of shareholders; |

| ● | annually recommending committee assignments and committee chairs on all committees of