Pacific Premier Bancorp 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 13, 2012, Ronald G. Skipper provided notice of his retirement as Chairman of the Board of Directors of Pacific Premier Bancorp, Inc. (the “Company”), and as Chairman of the Board of Directors of the Company’s subsidiary, Pacific Premier Bank (the “Bank”), effective July 26, 2012. Mr. Skipper retired to pursue other professional activities. Upon the effectiveness of his retirement, Mr. Skipper will receive a cash payment in an amount equal to the aggregate fees he would have received had he continued to serve as Chairman of the Boards of Directors of the Company and the Bank through the end of 2012, which aggregate amount is equal to $18,000. Additionally, unvested options to purchase 3,170 shares of the Company’s common stock held by Mr. Skipper will become fully vested upon the effectiveness of his retirement.
Mr. Skipper’s retirement did not result from any disagreement with the Company concerning any matter relating to the Company’s operations, policies or practices. In connection with his retirement, Mr. Skipper furnished to the Company the correspondence that is filed as Exhibit 99.2 hereto.
Item 9.01 Financial Statements and Exhibits.
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.