0001028918-12-000043.txt : 20120716 0001028918-12-000043.hdr.sgml : 20120716 20120716170349 ACCESSION NUMBER: 0001028918-12-000043 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120713 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120716 DATE AS OF CHANGE: 20120716 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC PREMIER BANCORP INC CENTRAL INDEX KEY: 0001028918 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 330743196 STATE OF INCORPORATION: DE FISCAL YEAR END: 0530 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22193 FILM NUMBER: 12964186 BUSINESS ADDRESS: STREET 1: 1600 SUNFLOWER AVE 2ND FLOOR CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 714-431-4000 MAIL ADDRESS: STREET 1: 1600 SUNFLOWER AVE 2ND FL CITY: COSTA MESA STATE: CA ZIP: 92626 8-K 1 ppbi_8k-skipper.htm PPBI 8-K SKIPPER RETIRMENT ppbi_8k-skipper.htm
 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported)
        July 16, 2012 (July 13, 2012)
PACIFIC PREMIER BANCORP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
0-22193
33-0743196
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
1600 Sunflower Ave, Second Floor, Costa Mesa, CA
92626
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code
(714) 431-4000
 
Not Applicable
(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 (see General Instruction A.2. below):
[ ] 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))
 
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.
 
     
Exhibit No.
 
Description
99.1
 
Press Release, dated July 16, 2012, issued by the Company announcing retirement of Chairman of the Board Ronald G. Skipper.
 
     
99.2
 
Correspondence from Ronald G. Skipper dated July 13, 2012.
 
 
 


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.
 
 
PACIFIC PREMIER BANCORP, INC.
       
Dated:
July 16, 2012
By:
/s/ STEVEN R. GARDNER
     
Steven R. Gardner
     
President and Chief Executive Officer
 
 


EXHIBIT INDEX
 
     
Exhibit No.
 
Description
99.1
 
Press Release, dated July 16, 2012, issued by the Company announcing retirement of Chairman of the Board Ronald G. Skipper.
 
99.2
 
Correspondence from Ronald G. Skipper dated July 13, 2012.



EX-99.1 2 ppbi_8k-skipperex991.htm PPBI SKIPPER RETIRMENT PRESS RELEASE ppbi_8k-skipperex991.htm
 


Exhibit 99.1
 
Pacific Premier Bancorp, Inc. Announces the Retirement of its Chairman of the Board
 
COSTA MESA, Calif., July 16, 2012 /PRNewswire/ -- Pacific Premier Bancorp, Inc. (NASDAQ: PPBI) (the "Company"), the holding company of Pacific Premier Bank (the “Bank”), announced today that Ronald G. Skipper has announced his decision to retire as Chairman of the Boards of Directors of the Company and Bank, effective July 26, 2012.
 
Mr. Skipper stated, “Over the past several years, the Company has been transformed into a stronger, more diversified and customer focused commercial bank.  Pacific Premier is well-positioned for continued profitable growth as the management team is focused on driving new businesses into the Bank.”
 
Mr. Skipper concluded, “It has been my pleasure to have worked with such a talented and committed group of directors over the past 28 years.  This year has been very eventful for me as I have sold my law practice and retired from the practice of law.  I look forward to a new chapter in my life.”
 
Steven R. Gardner, President and Chief Executive Officer commented on Mr. Skipper’s service, “Ron has been an integral part of this Company since its inception. Mr. Skipper has presided over the changing of our business model to a growing and profitable commercial bank.  More recently, Mr. Skipper provided keen insight to the Bank’s two successful FDIC assisted acquisitions in 2011 and 2012 as well as many shareholder friendly changes to the Company’s articles and bylaws.  We wish Ron all the best in his retirement and he will be missed.”
 
 
About Pacific Premier Bancorp, Inc.
 
The Company owns all of the capital stock of Pacific Premier Bank.  Pacific Premier Bank provides business and consumer banking products to its customers through our ten full-service depository branches in Southern California located in the cities of Costa Mesa, Huntington Beach, Los Alamitos, Newport Beach, Palm Desert, Palm Springs, San Bernardino and Seal Beach.
 
Contact:
 
Pacific Premier Bancorp, Inc.
 
Steven R. Gardner
President/CEO
714.431.4000
 
Kent J. Smith
Executive Vice President/CFO
714.431.4000
 
 



EX-99.2 3 ppbi_8k-skipperex992.htm PPBI SKIPPER CORRESPONDENCE ppbi_8k-skipperex992.htm
 


 
Exhibit 99.2
RONALD G. SKIPPER
ATTORNEY AT LAW
 
 
TO THE BOARD OF DIRECTORS OF
PACIFIC PREMIER BANK
PACIFIC PREMIER BANCORP, INC.,
 
NOTICE OF RETIREMENT
 
 
Gentlemen:
 
After practicing law for 46 years, I have sold my practice and am looking forward to
retirement.  In this same vein, after 28 years of serving as a member of the Board of
Directors of Pacific Premier Bank and Pacific Premier Bancorp, Inc., nineteen of which
were served as Chairman, I hereby submit my notice of retirement effective July 26, 2012.
 
It has been my pleasure to have worked with such a fine Board and management all these years, since the inception of the Bank and the corporate Board.  I wish you continued success.
 
In particular, I am deeply grateful to Steve Gardner for all he has done for me throughout the past years.   Steve is an outstanding CEO, and I am certain that the Bank will continue to thrive under his and the Board’s direction.
 
 
Dated: July 13, 2012
 
 
/s/ Ronald G. Skipper
RONALD G. SKIPPER