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Get filing alertsBayCom Corp director Syvia L. Magid resigns from board, no disagreement cited
Filed July 24, 2026 · Period ending July 21, 2026 · ~1 min read
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Director Syvia L. Magid resigned from BayCom Corp and United Business Bank boards effective July 22, 2026, with the filing explicitly stating the departure was not due to any disagreement with management or the boards.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
BayCom Corp disclosed the resignation of director Syvia L. Magid from both the company's board and the board of its wholly owned subsidiary, United Business Bank, effective July 22, 2026. The filing explicitly states that Ms. Magid's decision to resign was not the result of any disagreement with the boards or management, indicating an amicable departure. No replacement director was announced.
This is a routine governance matter with no immediate concerns for shareholders. Director departures absent disagreement are common and typically reflect personal or professional reasons unrelated to company performance or strategy. The company has not disclosed whether it intends to fill the vacant board seat or reduce board size.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 27, 2026 · How we verify