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AI brief of an SEC Form 8-K · Banc Of California (BANC)

Banc of California CAO Monica Sparks to resign; Jeffrey Krumpoch named interim

Neutral Impact 3 of 5 leadership Written later

Banc of California said Executive Vice President and Chief Accounting Officer Monica Sparks will resign, with her last day expected to be September 19, 2024. The company appointed Jeffrey Krumpoch, its former Senior Vice President and Corporate Controller, as Interim Chief Accounting Officer, effective when Ms. Sparks departs. The change affects the executive responsible for accounting oversight, but the filing describes it as a planned transition.

Key points

  • Monica Sparks notified the company of her resignation on August 23, 2024 and will serve through September 19, 2024.
  • Jeffrey Krumpoch, age 68, was appointed Interim Chief Accounting Officer on August 27, 2024.
  • Mr. Krumpoch will receive a one-time cash bonus of $35,000 for the interim role.
  • He has worked at the company or its predecessor PacWest Bancorp since 2002.

The filing

CompanyBanc Of California (BANC)
Form8-K, current report
Filed with the SECAug 29, 2024, 4:05 PM ET
Accession number0001140361-24-039283

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 29, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.