0001028918-13-000017.txt : 20130304 0001028918-13-000017.hdr.sgml : 20130304 20130304170143 ACCESSION NUMBER: 0001028918-13-000017 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130304 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Other Events FILED AS OF DATE: 20130304 DATE AS OF CHANGE: 20130304 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-22193 FILM NUMBER: 13662513 BUSINESS ADDRESS: STREET 1: 17901 VON KARMAN AVE STREET 2: SUITE 1200 CITY: IRVINE STATE: CA ZIP: 92614 BUSINESS PHONE: 714-431-4000 MAIL ADDRESS: STREET 1: 17901 VON KARMAN AVE STREET 2: SUITE 1200 CITY: IRVINE STATE: CA ZIP: 92614 8-K/A 1 ppbi_prnewofficersa.htm PPBI 8K NEW OFFICERS PRESS RELEASE ppbi_prnewofficersa.htm
 



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K/A
(Amendment No. 1)
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
 
 
Date of Report (Date of earliest event reported):
           March 4, 2013   
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.)
17901 Von Karman Avenue, Suite 1200, Irvine, CA
92614
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code
(949) 864-8000
 
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))
 
 
Explanatory Note

Item 5.02 of Form 8-K requires disclosure of the effective date for the appointment of a principal operating officer, which was inadvertently omitted in the Current Report on Form 8-K of Pacific Premier Bancorp, Inc. The effective date for the appointment has been provided in this Form 8-K/A. No other changes to the initial filing were made.



ITEM 5.02.  DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
 
On March 4, 2013, Pacific Premier Bancorp, Inc. (the “Company”) issued a press release announcing the promotion of Edward Wilcox from Executive Vice President and Chief Banking Officer to Executive Vice President and Chief Operating Officer, effective as of March 4, 2013. Mr. Wilcox’s promotion to Chief Operating Officer will expand his oversight to all of the day-to-day operations of Pacific Premier Bank, a wholly-owned subsidiary of the Company (the “Bank”).
 
Mr. Wilcox, age 46, was hired in August 2003 as the Senior Vice President and Chief Credit Officer of the Bank. In September 2004, Mr. Wilcox was promoted to Executive Vice President and was responsible for overseeing loan and deposit production. In the fourth quarter of 2005, Mr. Wilcox was promoted to Chief Banking Officer and assumed responsibility of the branch network. Prior to joining the Bank, Mr. Wilcox served as Loan Production Manager at Hawthorne Savings for two years and as the Secondary Marketing Manager at First Fidelity Investment & Loan for five years. Mr. Wilcox has an additional nine years of experience in real estate banking including positions as Asset Manager, REO Manager and Real Estate Analyst at various financial institutions. Mr. Wilcox obtained his B.A. degree in Finance from New Mexico State University.
 
Mr. Wilcox’s compensatory arrangements with the Company will not be changed in connection with this promotion.
 
The press release is attached as Exhibit 99.1 to the Current Report on Form 8-K and is incorporated herein by reference.
 
ITEM 8.01.  OTHER EVENTS.
 
In addition to the promotion of Mr. Wilcox, the Company’s press release announced the following personnel changes to the Bank’s senior management team:
 
·  
Mark Whalen has joined the Bank as Senior Vice President and Chief Lending Officer;
·  
Tom Rice has been promoted from Senior Vice President and Chief Information Officer to Executive Vice President and Enterprise Risk Manager; and
·  
Teresa Dawson has been promoted from First Vice President and Branch Operations Manager to Senior Vice President and Director of Branch Banking.
 
The press release is attached as Exhibit 99.1 to the Current Report on Form 8-K and is incorporated herein by reference.
 
ITEM 9.01.                      FINANCIAL STATEMENTS AND EXHIBITS.
 
(d) Exhibits
 
Exhibit
Number
 
99.1
Press release, dated March 4, 2013, announcing personnel changes to the senior management team of Pacific Premier Bancorp, Inc.
 
 
 

 
 
 
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:
March 4, 2013
By:
/s/ STEVEN R. GARDNER
     
Steven R. Gardner
     
President and Chief Executive Officer
 
 
EXHIBIT INDEX
Exhibit
Number
 
 99.1
Press release, dated March 4, 2013, announcing personnel changes to the senior management team of Pacific Premier Bancorp, Inc.
 



EX-99.1 2 ppbi_prnewofficersaex991.htm PPBI NEW OFFICERS PRESS RELEASE ppbi_prnewofficersex991.htm
 


 
Exhibit 99.1
 
Pacific Premier Bancorp, Inc. Announces Expansion of Senior Management Team
 
Irvine, Calif.  March 4, 2013 - Pacific Premier Bancorp, Inc.  (NASDAQ: PPBI) (the “Company”), the holding company of Pacific Premier Bank (the “Bank”), announced today the following personnel changes, which are designed to strengthen and expand the Company’s senior management team and position the franchise for continued growth:
 
·  
Mark Whalen has joined the company as Senior Vice President and Chief Lending Officer
·  
Edward “Eddie” Wilcox has been promoted from Executive Vice President and Chief Banking Officer to Executive Vice President and Chief Operating Officer
·  
Tom Rice has been promoted from Senior Vice President and Chief Information Officer to Executive Vice President and Enterprise Risk Manager
·  
Teresa Dawson has been promoted from First Vice President and Branch Operations Manager to Senior Vice President and Director of Branch Banking
 
“The personnel moves announced today reflect the growth and evolving responsibilities of our senior management team as our franchise continues to grow in scale, diversity and complexity,” said Steven R. Gardner, President and Chief Executive Officer of the Company.  “Mark Whalen brings 30 plus years of banking experience to Pacific Premier Bank, with the majority of that time being spent in management positions at large financial institutions, such as First Interstate Bank of California, Finova Capital and East West Bank.  He has spent nearly his entire career working in the Southern California market and his superior knowledge and understanding of this market will be a valuable addition as we continue to pursue additional business with larger clients.”
 
“Eddie Wilcox has been a key member of our senior management team since 2003 and has played an integral role in the transformation of the Bank.  Eddie’s promotion to Chief Operating Officer will expand his oversight to all of the day-to-day operations of the Bank.  Tom Rice has overseen our technology and security functions since 2008 and led the smooth systems conversions and integrations of our last two acquisitions.  With his experience as a founding partner at Compushare where he oversaw the company’s expansion and several system conversions of his banking clients, Tom is ideally suited to the position of Enterprise Risk Manager, where he will be responsible for management of our enterprise risk.  Teresa Dawson has proven to be a highly effective leader since joining us in 2011, and as Director of Branch Banking she will ensure that our retail branches and cash management team continue to provide an efficient and rewarding experience for our customers.”
 
“Collectively, these personnel moves provide our senior management team with the depth and breadth of experience, expertise and skill set necessary to effectively manage the Company as we continue to grow organically and capitalize on additional attractive acquisition opportunities,” concluded Mr. Gardner.
 
 
About Pacific Premier Bancorp, Inc.
 
The Company owns all of the capital stock of the Bank.  The 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 Huntington Beach, Irvine, Los Alamitos, Newport Beach, Palm Desert, Palm Springs, San Bernardino and Seal Beach.
 
Forward-Looking Statements
 
The statements contained herein that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company.  Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company.  There can be no assurance that future developments affecting the Company will be the same as those anticipated by management.  The Company cautions readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements.  These risks and uncertainties include, but are not limited to, the following:  the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market and monetary fluctuations; the timely development of competitive new products and services and the acceptance of these products and services by new and existing customers; the willingness of users to substitute competitors’ products and services for the Company’s products and services; the impact of changes in financial services policies, laws and regulations; technological changes; the effect of acquisitions that the Company may make, if any, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions; changes in the level of the Company’s nonperforming assets and charge-offs; oversupply of inventory and continued deterioration in values of California real estate, both residential and commercial; the effect of changes in accounting policies and practices, as may be adopted from time-to-time by bank regulatory agencies, the Securities and Exchange Commission, the Public Company Accounting Oversight Board, the Financial Accounting Standards Board or other accounting standards setters; possible other-than-temporary impairments of securities held by the Company; the impact of current governmental efforts to restructure the U.S. financial regulatory system; changes in consumer spending, borrowing and savings habits; the effects of the Company’s lack of a diversified loan portfolio, including the risks of geographic and industry concentrations; ability to attract deposits and other sources of liquidity; changes in the financial performance and/or condition of the Company’s borrowers; changes in the competitive environment among financial and bank holding companies and other financial service providers; unanticipated regulatory or judicial proceedings; and the Company’s ability to manage the risks involved in the foregoing.
 
The Company specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.
 
Contact:
 
Pacific Premier Bancorp, Inc.
 
Steven R. Gardner
President/CEO
949.864.8000
 
Kent J. Smith
Executive Vice President/CFO
949.864.8000