UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
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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. |
On August 3, 2021, the Board of Directors (the “Board”) of PacWest Bancorp (the “Company”) increased its size by one to twelve and filled the new vacancy by appointing Polly B. Jessen to serve on the Board until such time as her successor is duly elected and qualified or until her earlier resignation or removal. Ms. Jessen will serve as a member of the Board’s Audit Committee and Risk Committee.
Compensatory arrangements for Ms. Jessen will be consistent with the Company’s previously disclosed standard arrangements for non-employee directors. Such arrangements are described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 26, 2021, which descriptions are incorporated herein by reference.
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.
| PACWEST BANCORP | ||
| Date: August 4, 2021 | By: | /s/ Angela M. W. Kelley |
| Name: | Angela M. W. Kelley | |
| Title: | Executive Vice President, General Counsel and Corporate Secretary | |