# EDGAR Filing Document

**Accession Number:** 0001752036
**File Stem:** 0001193125-23-075784
**Filing Date:** 2023-3
**Character Count:** 9356
**Document Hash:** 2fb8aec320001b05a48ba771dd0a94d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-075784.hdr.sgml**: 20230321

**ACCESSION NUMBER**: 0001193125-23-075784

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230316

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230321

**DATE AS OF CHANGE**: 20230321

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** California BanCorp
- **CENTRAL INDEX KEY:** 0001752036
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 821751097
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39242
- **FILM NUMBER:** 23750080

**BUSINESS ADDRESS:**
- **STREET 1:** 1300 CLAY STREET
- **STREET 2:** SUITE 500
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94612
- **BUSINESS PHONE:** 510-457-3769

**MAIL ADDRESS:**
- **STREET 1:** 1300 CLAY STREET
- **STREET 2:** SUITE 500
- **CITY:** OAKLAND
- **STATE:** CA
- **ZIP:** 94612

?xml version="1.0" encoding="utf-8" ? 8-K

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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): March 16, 2023

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## CALIFORNIA BANCORP

#### (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **California** | **001-39242** | **82-1751097** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification Number)** |

---

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| | |
|:---|:---|
| **1300 Clay Street, Suite 500**<br> **Oakland, California** | **94612** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

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(510) 457-3737

#### (Registrant's Telephone Number, Including Area Code)

#### N/A

#### (Former name or former address, if changed since 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:

☐ 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:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| Common Stock | CALB | 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).

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. ☐

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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 March 16, 2023, California BanCorp (the "Company") and its wholly-owned subsidiary, California Bank of Commerce (the "Bank"), each appointed Theodore A. Wilm as an additional director. In connection with his appointment, the Company and the Bank increased the number of authorized directors on their respective boards from 11 to 12, appointing Mr. Wilm to fill the resulting vacancy.

Mr. Wilm, age 61, is an accomplished and experienced advisor and certified public accountant with extensive strategic expertise and in-depth knowledge of board and audit committee best practices. Mr. Wilm had a 38 year career with the public accounting firm PricewaterhouseCoopers, beginning his career in August 1983, being admitted to the partnership as an audit partner in July 1997, and serving as the office managing partner of PwC's Orange County, California office from July 2015, until his retirement in June 2021. In addition to serving many of the firm's larger financial services clients as an audit partner, Mr. Wilm advised mutual funds, investment management, private equity, real estate and venture capital firms with sales, marketing and distribution channel strategies, enterprise risk management solutions, information technology systems, acquisitions and divestitures, and structural reorganizations. Mr. Wilm graduated from Villanova University with a Bachelor of Science in Accounting degree and has held certified public accountant licenses in several states, including California. Mr. Wilm meets the definition of "audit committee financial expert" adopted by the SEC and satisfies the financial sophistication requirements of the applicable rules of the Nasdaq Stock Market.

Mr. Wilm was appointed to serve on the Company's Audit Committee. As a director, Mr. Wilm will be entitled to the Company's customary non-employee director compensation and will enter into the Company's and the Bank's standard indemnity agreements.

There are no arrangements or understandings between Mr. Wilm and any other persons pursuant to which he was selected as a director. There are no family relationships between Mr. Wilm and any director, executive officer or any person nominated or chosen by the Company to become a director or executive officer. No information is required to be disclosed with respect to Mr. Wilm pursuant to Item 404(a) of Regulation S-K.

A copy of the Company's press release announcing Mr. Wilm's appointment is included as Exhibit 99.1 to this report and incorporated herein.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

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(d) Exhibits.

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| | |
|:---|:---|
| **Exhibit**<br> **&nbsp;&nbsp;&nbsp;&nbsp;No.&nbsp;&nbsp;&nbsp;&nbsp;** | **Description** |
| 99.1 | [Press release dated March 21, 2023](d423373dex991.htm) |
| 104 | Cover Page Interactive Date File (embedded within the Inline XBRL document) |

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#### SIGNATURE
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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| | | |
|:---|:---|:---|
|  | CALIFORNIA BANCORP | CALIFORNIA BANCORP |
| Date: March 21, 2023 | By: | /s/ THOMAS A. SA |
|  |  | Thomas A. Sa<br> President, Chief Financial Officer and Chief Operating Officer |

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## Exhibit 99.1

**Exhibit 99.1**![LOGO](g423373g0321233335656.jpg)

**California BanCorp Appoints Theodore A. Wilm to Board of Directors** 

Oakland, Calif., March 21, 2023 – California BanCorp (the "Company") (Nasdaq: CALB), the parent company of California Bank of Commerce (the "Bank"), today announced that Theodore A. Wilm has been appointed to the Board of Directors of the Company and the Bank.

Mr. Wilm is an accomplished and experienced advisor and certified public accountant with extensive strategic expertise and in-depth knowledge of board and audit committee best practices. Mr. Wilm had a 38 year career with the public accounting firm PricewaterhouseCoopers. In addition to serving many of the firm's larger financial services clients as an audit partner, Mr. Wilm advised mutual funds, investment management, private equity, real estate and venture capital firms with sales, marketing and distribution channel strategies, enterprise risk management solutions, information technology systems, acquisitions and divestitures, and structural reorganizations.

"We are pleased to have Ted join us," said Stephen Cortese, Chairman of the Board of Directors. "His financial services-specific expertise with audit management, strategic growth initiatives, and risk management will be a tremendous asset to our team."

"I am excited to be joining this great bank and working with the bank's executive team and board members," said Mr. Wilm. "I look forward to bringing my long-time experience in financial analysis and oversight to the board."

**About California BanCorp** 

California BanCorp, the parent company for California Bank of Commerce, offers a broad range of commercial banking services to closely held businesses and professionals located throughout Northern California. The Company's common stock trades on the Nasdaq Global Select marketplace under the symbol CALB. For more information on California BanCorp, call us at (510) 457-3751, or visit us at www.californiabankofcommerce.com.

**California BanCorp** 

Steven E. Shelton, (510) 457-3751

Chief Executive Officer

seshelton@bankcbc.com

Thomas A. Sa, (510) 457-3775

President, Chief Financial Officer and Chief Operating Officer

tsa@bankcbc.com