LOS ANGELES, CA - OP Bancorp (NASDAQ:OPBK), the California-based commercial bank holding company, has reported the departure of one of its board members and the results of its recent shareholder meeting, according to a recent SEC filing.
On Thursday, June 27, 2024, Director Ernest E. Dow retired from his position on the OP Bancorp Board of Directors, effective immediately. His decision to step down was not due to any disagreements but was a personal decision to retire.
Dow's retirement was accepted by the Board following the recommendation of the Nomination & Governance Committee. The company stated that Dow's rights to indemnification and exculpation from liabilities related to his service will remain intact following his departure.
In the same filing, OP Bancorp disclosed the outcomes of the votes from its 2024 annual meeting of shareholders, which took place on June 27, 2024. A total of 12,018,845 shares were represented at the meeting, accounting for 80.55% of the total shares outstanding. Shareholders voted to elect all seven director nominees listed in the 2024 Proxy Statement for a one-year term. These directors are set to serve until the 2025 annual meeting or until their successors are duly elected and qualified.
The election results for the directors were as follows:
- Brian Choi received 9,931,379 votes for and 115,301 votes withheld.
- Soo Hun Jung had 9,906,078 votes for and 140,602 votes withheld.
- Hyung J. Kim garnered 9,986,545 votes for and 60,135 votes withheld.
- Min J. Kim received 9,997,176 votes for and 49,504 votes withheld.
- Sunny Kwon had 6,769,233 votes for and 3,277,447 votes withheld.
- Yong Sin Shin received 9,957,065 votes for and 89,615 votes withheld.
- Myung Shin Sohn garnered 10,033,856 votes for and 12,824 votes withheld.
Moreover, shareholders ratified the appointment of Crowe LLP as the company's independent registered public accounting firm for the year 2024. This proposal received 11,946,511 votes in favor, 67,269 against, and 5,065 abstentions.
OP Bancorp, listed on the NASDAQ Global Market under the ticker NASDAQ:OPBK, is subject to SEC regulations and reporting requirements. The information provided is based on the company's latest 8-K filing with the SEC.
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