Company: BCML
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001730984-25-000031
Chunk: 39

Company: BayCom Corp
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 39
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 for service on the Board of Directors; |

| ● | An additional monthly cash retainer of $2,500 for the Chairman of the Board of Directors (Mr. Kendall); |

| ● | A monthly cash retainer of $250 for service on the Audit Committee; |

| ● | An additional monthly cash retainer of $850 for the Chairman of the BayCom Audit Committee (Mr. Chaudhary); |

| ● | A quarterly cash retainer of $250 for service on the Compensation Committee; and |

| ● | An additional quarterly cash retainer of $500 for the Chairman of the Compensation Committee (Dr. Laverne). |

We reimburse all directors for reasonable and substantiated out-of-pocket expenses incurred in connection with the performance of their duties as directors. We also pay the premiums on directors’ and officers’ liability insurance.

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A restricted stock award of 1,327 shares of Common Stock was granted to each of our non-employee directors on July 1, 2024. With the exception of the award to Mr. Camp, who forfeited his award upon his retirement as a director on October 7, 2024, these awards are scheduled to vest one year following the date of grant.

| CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS |

We may occasionally enter into transactions with certain “related persons.” Related persons include our executive officers, our directors, more than 5% beneficial owners of our Common Stock, and immediate family members of these persons and entities. We generally refer to transactions with these related persons as “related party transactions.” In the ordinary course of our business, we have engaged and expect to continue engaging through the Bank in ordinary banking transactions with our directors, executive officers, their immediate family members and their affiliated entities, including loans to and deposit relationships with such persons. Any such loan was made on substantially the same terms, including interest rates and collateral, as those prevailing at the time such loan was made as loans made to persons who were not related to us. These loans do not involve more than the normal credit collection risk and do not present any other unfavorable features to us. All loans that the Bank makes to directors and executive officers are subject to regulations of the Bank’s primary regulators restricting loans and other transactions with affiliated persons of the Bank. Loans to all directors and executive officers and their immediate family members and their affiliated entities totaled $18.3 million and $29.8 million at December 31, 2024 and 2023, which was 5