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Quotes & Info
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| FCAL > SEC Filings for FCAL > Form 8-K on 6-Nov-2009 | All Recent SEC Filings |
6-Nov-2009
Change in Directors or Principal Officers, Financial State
Effective November 2, 2009, Sung Won Sohn, Ph.D., joined the Board of Directors of First California Financial Group, Inc. ("First California") and its operating subsidiary, First California Bank. This appointment fills a vacancy at the holding company and the bank and returns the membership to 10 directors at First California and 11 at First California Bank. There are no arrangements between Dr. Sohn and any other persons pursuant to which Dr. Sohn was selected as a director and there are no transactions, or proposed transactions, to which First California is or was to be a party and in which Dr. Sohn has a direct or indirect material interest that are required to be disclosed under Item 404(a) of Regulation S-K.
Dr. Sohn will be entitled to director fees in the amount of $1,500 per month ($18,000 per year) and to participate in First California's Omnibus Equity Incentive Plan which authorizes the issuance of awards for up to 1,000,000 shares of First California's common stock in the form of incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock, restricted stock units and other stock-based awards. In connection with his appointment to the Board of Directors, Mr. Sohn was granted 5,000 stock options under the Omnibus Equity Incentive Plan, exercisable at $4.08 per share, the fair market price on the grant date.
On November 6, 2009, First California issued a press release announcing Dr. Sohn's appointment to the Board. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
(d) Exhibits
The following exhibits are being furnished herewith:
Exhibit No. Description
99.1 Press release dated November 6, 2009
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