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): December 21, 2015
HANMI FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE | 000-30421 | 95-4788120 |
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
3660 Wilshire Boulevard, PH-A, Los Angeles, California 90010 |
(Address of Principal Executive Offices) (Zip Code) |
(213) 382-2200
(Registrant's telephone number, including area code)
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: | ||
[ ] | 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)) |
Item 8.01. Other Events.
On December 21, 2015, Hanmi Financial Corporation (“Hanmi”) issued a press release declaring a cash dividend of $0.14 per share, up 27.3% from the prior quarter. The dividend will be paid on January 15, 2016 to stockholders of record as of the close of business on December 31, 2015.
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description |
99.1 | Press release issued by Hanmi Financial Corporation, dated December 21, 2015, announcing the declaration of a dividend on its common stock. |
SIGNATURE
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.
HANMI FINANCIAL CORPORATION | ||
Date: December 21, 2015 | By: | /s/ C. G. Kum |
Name: C. G. Kum | ||
Title: President and Chief Executive Officer | ||
EXHIBIT 99.1
Hanmi Financial Increases Quarterly Cash Dividend by 27%
LOS ANGELES, Dec. 21, 2015 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that its Board of Directors declared a cash dividend on its common stock for the 2015 fourth quarter of $0.14 per share, up 27.3% from $0.11 per share in the prior quarter. The dividend will be paid on January 15, 2016, to stockholders of record as of the close of business on December 31, 2015. Though the payment of cash dividends remains subject to review by the appropriate regulatory authorities on a quarterly basis, Hanmi has received regulatory approval to pay the fourth quarter dividend.
About Hanmi Financial Corporation
Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through
its network of 42 full-service branches and 6 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New
York, Colorado, Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small
and middle market businesses. Additional information is available at www.hanmi.com.
Forward-Looking Statements
This press release contains forward-looking statements, which are included in accordance with the “safe harbor” provisions
of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology
such as “may,” “will,” “should,” “could,” “expects,” “plans,”
“intends,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,”
or “continue,” or the negative of such terms and other comparable terminology. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance
or achievements. All statements other than statements of historical fact are “forward–looking statements” for
purposes of federal and state securities laws, including, but not limited to, statements about anticipated future operating and
financial performance, financial position and liquidity, business strategies, regulatory and competitive outlook, investment and
expenditure plans, capital and financing needs and availability, plans and objectives of management for future operations, developments
regarding our capital plans, strategic alternatives for a possible business combination, merger or sale transaction, and other
similar forecasts and statements of expectation and statements of assumption underlying any of the foregoing. These statements
involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance
or achievements to differ from those expressed or implied by the forward-looking statement. These factors include the following:
failure to maintain adequate levels of capital and liquidity to support our operations; the effect of potential future supervisory
action against us or Hanmi Bank; general economic and business conditions internationally, nationally and in those areas in which
we operate; volatility and deterioration in the credit and equity markets; changes in consumer spending, borrowing and savings
habits; availability of capital from private and government sources; demographic changes; competition for loans and deposits and
failure to attract or retain loans and deposits; fluctuations in interest rates and a decline in the level of our interest rate
spread; risks of natural disasters related to our real estate portfolio; risks associated with Small Business Administration loans;
failure to attract or retain key employees; changes in governmental regulation, including, but not limited to, any increase in
FDIC insurance premiums; ability of Hanmi Bank to make distributions to Hanmi Financial, which is restricted by certain factors,
including Hanmi Bank’s retained earnings, net income, prior distributions made, and certain other financial tests; ability
to identify a suitable strategic partner or to consummate a strategic transaction; adequacy of our allowance for loan losses; credit
quality and the effect of credit quality on our provision for loan losses and allowance for loan losses; changes in the financial
performance and/or condition of our borrowers and the ability of our borrowers to perform under the terms of their loans and other
terms of credit agreements; our ability to control expenses; and changes in securities markets. In addition, we set forth certain
risks in our reports filed with the U.S. Securities and Exchange Commission, including, Item 1A of our Annual Report on Form 10-K
for the year ended December 31, 2014, our Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K that we will file hereafter,
which could cause actual results to differ from those projected. We undertake no obligation to update such forward-looking statements
except as required by law.
Contact:
Romolo (Ron) Santarosa
Senior Executive Vice President & CFO
213-427-5636
Lasse Glassen
Investor Relations, Addo Communications
310-829-5400