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This document is a Current Report on Form 8-K filed by PacWest Bancorp regarding the restructuring of its lending subsidiary, Civic Financial Services, LLC. The report discusses a goodwill impairment, planned layoffs, anticipated annual savings, and the company\'s strategy to enhance profitability and operational efficiency.
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How to fill out form 8-k

01
Obtain the Form 8-K from the SEC’s website or your company’s investor relations page.
02
Fill out the header section with the company name, address, and the date of the event.
03
Indicate the section of the Form 8-K you are filing under (e.g., Item 1.01 for entry into a material definitive agreement).
04
Provide a detailed description of the event or change being reported.
05
Include any relevant financial information, supplementary materials, or exhibits as necessary.
06
Review the completed form for accuracy and completeness.
07
Submit the form electronically via the SEC’s EDGAR system within four business days of the event's occurrence.

Who needs form 8-k?

01
Public companies listed on stock exchanges in the United States.
02
Companies that need to report significant events, changes or corporate matters to their shareholders and the SEC.
03
Investors and analysts who need timely information about important developments in a publicly traded company.
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Form 8-K is a report filed by public companies to disclose certain significant events that shareholders should know about.
Public companies registrants with the Securities and Exchange Commission (SEC) are required to file Form 8-K.
To fill out Form 8-K, companies must provide information about the significant event, complete the required sections, and submit it electronically via the SEC's EDGAR system.
The purpose of Form 8-K is to ensure that investors are promptly informed about important events affecting the company that could impact its financial condition or operations.
Form 8-K requires reporting various events including mergers and acquisitions, changes in control, departures of directors, and financial restatements.
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