Private Bank of California said Wednesday that its Chief Executive, Charles Kenny, retired May 12 and will be succeeded by Steven Broidy, who will become interim chief executive in addition to his role as chairman. The Century City-based bank’s board also announced the establishment of a committee to find Kenny’s replacement. Kenny served as chief executive since the bank opened in 2005.

FutureLogic said Wednesday that it has signed a binding term sheet with TransAct Technologies that settles all matters outstanding between the two parties. Under the agreement, FutureLogic has agreed to license TransAct’s dual port technology for printers and upgrade kits that utilize patented technology. Glendale-based FutureLogic, which is a printer services provider, did not disclose any other details of the agreement and spokesman John Hilbert did not return phone calls.

Easton-Bell Sports reported first quarter net income of $2.4 million, an 85 percent jump from $1.3 million in the same period a year earlier. Sales for the Van Nuys-based privately held sporting goods maker increased 4.3 percent to $182 million thanks to a 12 percent jump in the company’s “action sports” categories, which include cycling, snow sports and fitness related products.