Form 8-K/A - Current report: [Amend]
09 Maio 2024 - 9:15AM
Edgar (US Regulatory)
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Southern California Bancorp CA
0001795815
0001795815
2023-11-17
2023-11-17
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): November 17, 2023
SOUTHERN
CALIFORNIA BANCORP
(Exact
name of registrant as specified in its charter)
California |
|
001-41684 |
|
84-3288397 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
12265
El Camino Real, Suite 210 |
|
|
San
Diego, California |
|
92310 |
(Address
of principal executive offices) |
|
(Zip
Code) |
(844)
265-7622
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report.)
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:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock |
|
BCAL |
|
The
Nasdaq Stock Market LLC |
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.
Explanatory
Note
This
Current Report on Form 8-K/A amends the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”)
on November 21, 2023 (the “Initial Form 8-K”) by Southern California Bancorp (the “Company”) concerning the decision
of Eide Bailly LLP (“Eide Bailly”) to exit the financial institution portion of its SEC audit practice and therefore not
stand for reappointment as the Company’s independent registered public accounting firm for the year ending December 31, 2024.
Item
4.01 Changes in Registrant’s Certifying Accountant.
As
previously reported in the Initial Form 8-K, the Company continued to engage Eide Bailly for the audit of the Company’s financial
statements for the year ending December 31, 2023, and for the review of the Company’s interim financial statements for the quarter
ending March 31, 2024. On May 8, 2024, Eide Bailly completed its review of the Company’s interim financial statements for the quarter
ending March 31, 2024, and the Company’s engagement of Eide Bailly as its independent registered public accounting firm terminated
as of that date.
Eide
Bailly’s reports on the Company’s consolidated financial statements as of and for the fiscal years ended December 31, 2023
and 2022 did not contain any adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit
scope or accounting principles.
During
the years ended December 31, 2023 and 2022, and in the subsequent interim period through May 8, 2024, the effective date of Eide Bailly’s
dismissal, (i) there were no disagreements with Eide Bailly (within the meaning of Item 304(a)(1)(iv) of Regulation S-K) on any matter
of accounting principles or practices, financial statement disclosure, or auditing scope or procedure that if not resolved to Eide Bailly’s
satisfaction, would have caused Eide Bailly to make reference thereto in its reports; and (ii) there were no “reportable events”
(as defined by Item 304(a)(1)(v) of Regulation S-K).
The
Company provided Eide Bailly with a copy of the foregoing disclosures and requested that Eide Bailly provide a letter addressed to the
SEC stating whether it agrees with such disclosures. A copy of Eide Bailly’s letter dated May 9, 2024 is filed as Exhibit 16.1
to this Current Report on Form 8-K/A.
Item
9.01. Financial Statements and Exhibits
(d)
Exhibits
SIGNATURES
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.
|
SOUTHERN CALIFORNIA BANCORP |
|
|
|
Date:
May 9, 2024 |
By: |
/s/
DAVID I. RAINER |
|
|
David
I. Rainer |
|
|
Chief
Executive Officer |
v3.24.1.u1
Cover
|
Nov. 17, 2023 |
Cover [Abstract] |
|
Document Type |
8-K/A
|
Amendment Flag |
true
|
Amendment Description |
This
Current Report on Form 8-K/A amends the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”)
on November 21, 2023 (the “Initial Form 8-K”) by Southern California Bancorp (the “Company”) concerning the decision
of Eide Bailly LLP (“Eide Bailly”) to exit the financial institution portion of its SEC audit practice and therefore not
stand for reappointment as the Company’s independent registered public accounting firm for the year ending December 31, 2024.
|
Document Period End Date |
Nov. 17, 2023
|
Entity File Number |
001-41684
|
Entity Registrant Name |
Southern California Bancorp CA
|
Entity Central Index Key |
0001795815
|
Entity Tax Identification Number |
84-3288397
|
Entity Incorporation, State or Country Code |
CA
|
Entity Address, Address Line One |
12265
El Camino Real
|
Entity Address, Address Line Two |
Suite 210
|
Entity Address, City or Town |
San
Diego
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
92310
|
City Area Code |
(844)
|
Local Phone Number |
265-7622
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Title of 12(b) Security |
Common
Stock
|
Trading Symbol |
BCAL
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
true
|
Elected Not To Use the Extended Transition Period |
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