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):
October
29, 2012
Hanmi Financial Corporation
(Exact
name of registrant as specified in its charter)
|
Delaware |
000-30421 |
95-4788120 |
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
3660 Wilshire Boulevard, Ph-A
Los Angeles,
California 90010
(Address of principal executive
offices) (Zip Code)
Registrant’s telephone
number, including area code: (213) 382-2200
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:
⃞ 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))
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Item 5.02(b) and (c). |
Departure of Directors or Certain Officers; Election of Directors; |
|
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On November 2, 2012, Hanmi Financial Corporation (“Hanmi”) announced that Lonny Robinson is resigning as Executive Vice President and Chief Financial Officer of Hanmi and its wholly owned subsidiary, Hanmi Bank (the “Bank”), to pursue another professional opportunity, effective November 13, 2012. Mr. Robinson’s resignation does not stem from any disagreement with Hanmi or the Bank.
Concurrently with Mr. Robinson’s resignation, the Board of Directors of Hanmi has appointed Shick (Mark) Yoon, age 45, as the interim Chief Financial Officer, effective November 13, 2012. Hanmi intends to appoint a permanent Chief Financial Officer in the future.
Mr. Yoon currently serves as Hanmi’s Senior Vice President and Chief Strategy Officer, and will continue in this position while taking on his new role as interim Chief Financial Officer. From September 2008 until October 2011, Mr. Yoon served as Hanmi’s Deputy Chief Financial Officer, Treasurer, and Senior Planning Officer. Prior to joining Hanmi, Mr. Yoon served as Controller at First Standard Bank in Los Angeles from January 2008 to July 2008. Mr. Yoon also held M&A advisory and management consulting positions at Effectuare Corp. from October 2002 to January 2008, and IGS Consulting Group from February 2001 to December 2005. From August 1997 to February 2001, Mr. Yoon held assurance & advisory positions at Deloitte & Touche in Los Angeles. Mr. Yoon received a Master of Science degree in Accounting and a Bachelor of Science degree in Finance from the University of Southern California. Mr. Yoon is also a Certified Public Accountant, Certified Valuation Analyst, and Level III candidate in a Chartered Financial Analyst program.
At the time of the filing of this Current Report on Form 8-K, Hanmi has not made any determination regarding any material plan, contract or arrangement that Mr. Yoon may be a party to or participate in as interim Chief Financial Officer. There are no transactions in which Mr. Yoon has an interest requiring disclosure under Item 404(a) of Regulation S-K.
A copy of the press release announcing the change of Hanmi’s Chief
Financial Officer is attached hereto as Exhibit 99.1.
Item
8.01. Other Events.
On November 2, 2012, Hanmi announced that the California Department of Financial Institutions (the “DFI”) has informed the Bank that the Bank’s overall condition has improved and that the Memorandum of Understanding entered into between the Bank and the DFI on May 1, 2012 (the “MOU”) has been terminated, effective October 29, 2012. Accordingly, the Bank is no longer subjected to any of the requirements imposed by the MOU. A copy of the press release announcing the termination of the MOU by the DFI is attached hereto as Exhibit 99.2.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
Description |
|
|
99.1 |
Press release issued by Hanmi Financial Corporation, dated November 2, 2012, announcing the change of its Chief Financial Officer. |
|
|
99.2 |
Press release issued by Hanmi Financial Corporation, dated November 2, 2012, announcing the termination of the MOU by the DFI. |
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.
|
Date: |
November 2, 2012 |
HANMI FINANCIAL CORPORATION |
|||
|
|
|
By: |
/s/ Jay S. Yoo |
||
| Name: |
Jay S. Yoo |
||||
| Title: |
President and Chief Executive Officer |
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EXHIBIT INDEX
|
Exhibit No. |
Description |
|
|
99.1 |
Press release issued by Hanmi Financial Corporation, dated November 2, 2012, announcing the change of its Chief Financial Officer. |
|
|
99.2 |
Press release issued by Hanmi Financial Corporation, dated November 2, 2012, announcing the termination of the MOU by the DFI. |
Exhibit 99.1
Change of Chief Financial Officer of Hanmi Financial Corporation
LOS ANGELES--(BUSINESS WIRE)--November 2, 2012--Hanmi Financial Corporation (NASDAQ:HAFC) (“Hanmi”), the holding company for Hanmi Bank (the “Bank”), today announced that Lonny Robinson is resigning as Executive Vice President and Chief Financial Officer of Hanmi and the Bank to pursue another professional opportunity, effective November 13, 2012.
Hanmi also announced that the Board of Directors has appointed Shick (Mark) Yoon as interim Chief Financial Officer, effective November 13, 2012. Mr. Yoon currently serves as Hanmi’s Senior Vice President and Chief Strategy Officer and will continue in those roles while he serves as interim Chief Financial Officer. Mr. Yoon has served at Hanmi since 2008, and previously held the positions of Deputy Chief Financial Officer, Treasurer and Senior Planning Officer. Hanmi intends to appoint a permanent Chief Financial Officer in the future.
“We wish to thank Lonny for his dedication and service over the past year,” said Jay Yoo, President and Chief Executive Officer of Hanmi. “Lonny’s business and financial acumen helped Hanmi reach several milestones in the past year, including achieving eight consecutive quarters of profitability, consummation of a significant capital raise, and termination of our Memorandum of Understanding with the California Department of Financial Institutions. We wish Lonny the best of luck.”
“I feel fortunate to have served this great company,” Mr. Robinson said. “I'm very proud of what I was able to accomplish at Hanmi together with the rest of our talented management team, and I feel like I'm leaving Hanmi well positioned for future growth and ready to take the next step in its evolution.”
About Hanmi Financial Corporation
Headquartered in Los Angeles, Hanmi Bank, a wholly-owned subsidiary of Hanmi Financial Corporation, provides services to the multi-ethnic communities of California, with 27 full-service offices in Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara and San Diego counties, and a loan production office in Washington State. Hanmi Bank specializes in commercial, SBA and trade finance lending, and is a recognized community leader. Hanmi Bank’s mission is to provide a full range of quality products and premier services to its customers and to maximize stockholder value. Additional information is available at www.hanmi.com.
CONTACT:
Hanmi Financial Corporation
David Yang, Vice President &
Corporate Strategy Officer, 213-637-4798
Exhibit 99.2
Hanmi Financial Corporation Announces the Lifting of Regulatory Requirements by the California Department of Financial Institutions
LOS ANGELES--(BUSINESS WIRE)--November 2, 2012--Hanmi Financial Corporation (NASDAQ:HAFC) (“Hanmi”), the holding company for Hanmi Bank (the “Bank”), today announced that the California Department of Financial Institutions (the “DFI”) has informed the Bank that the Bank’s overall condition has improved and that the Memorandum of Understanding entered into between the Bank and the DFI on May 1, 2012 (the “MOU”) has been terminated, effective October 29, 2012. Accordingly, the Bank is no longer subjected to any of the requirements imposed by the MOU.
“We are pleased to report the termination of the MOU, which marks an important step for Hanmi and demonstrates the strengthening of our financial condition,” said Jay Yoo, President and Chief Executive Officer of Hanmi. “We believe that the lifting of the requirements by the DFI positions us well for future growth and demonstrates our continuing financial stability.”
About Hanmi Financial Corporation
Headquartered in Los Angeles, Hanmi Bank, a wholly-owned subsidiary of Hanmi Financial Corporation, provides services to the multi-ethnic communities of California, with 27 full-service offices in Los Angeles, Orange, San Bernardino, San Francisco, Santa Clara and San Diego counties, and a loan production office in Washington State. Hanmi Bank specializes in commercial, SBA and trade finance lending, and is a recognized community leader. Hanmi Bank’s mission is to provide a full range of quality products and premier services to its customers and to maximize stockholder value. Additional information is available at www.hanmi.com.
CONTACT:
Hanmi Financial Corporation
David Yang, Vice President &
Corporate Strategy Officer, 213-637-4798