UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM
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CURRENT REPORT
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(d) Election of Directors
On January 27, 2021, Hanmi Financial Corporation (the "Company"), a Delaware corporation and its wholly-owned subsidiary, Hanmi Bank (the "Bank"), appointed Gideon Yu to the Board of Directors of Company and Bank.
Mr. Yu is currently a co-owner and former President of the San Francisco 49ers. Mr. Yu holds the distinction of being the first President of color of any team in the history of the National Football League. Mr. Yu previously served as the Chief Financial Officer of Facebook and YouTube. Mr. Yu was also a General Partner at Khosla Ventures, a venture capital firm focused on early-stage technology companies, where he led the firm's investment in Square, Inc. and was its first outside board member.
Mr. Yu serves on the Board of Trustees of the Monterey Bay Aquarium and the Council of Korean Americans, and is on the National Leadership Council of the Navy SEAL Foundation.
Upon his appointment to the Board, Mr. Yu became entitled to the Company's customary non-employee director compensation. Mr. Yu was appointed to the Compensation and Human Resources Committee and the Risk, Compliance and Planning Committee of the Company Board, as well as the Asset Liability Committee of the Bank.
There are no arrangements or understandings between Mr. Yu and any other persons pursuant to which he was selected as a director. There are no family relationships between Mr. Yu and any director, executive officer or any person nominated or chosen by the Company to become a director or executive officer. No information is required to be disclosed with respect to Mr. Yu pursuant to Item 404(a) of Regulation S-K.
A copy of the Company's press release announcing Mr. Yu's appointment is included as Exhibit 99.1 to this report and incorporated herein.
(a) | Financial Statements of Businesses Acquired. Not applicable. | ||
(b) | Pro Forma Financial Information. Not applicable. | ||
(c) | Shell Company Transactions. Not applicable. | ||
(d) | Exhibits | Description | |
99.1 | Press release issued by Hanmi Financial Corporation dated January 28, 2021 | ||
104 | Cover Page Interactive Data File (embedded within Inline XBRL document). |
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.
HANMI FINANCIAL CORPORATION | ||
Date: January 28, 2021 | By: | /s/ Bonita I. Lee |
Bonita I. Lee | ||
President and Chief Executive Officer | ||
EXHIBIT 99.1
Hanmi Names Gideon Yu to its Board of Directors
LOS ANGELES, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank (the “Bank”), today announced that Mr. Gideon Yu has been appointed to its Board of Directors, effective January 27, 2021.
“I am delighted to welcome Gideon Yu to Hanmi’s Board of Directors,” said Hanmi’s Chairman, John J. Ahn. “Gideon’s significant financial expertise, along with his extensive executive management and directorship experience with both early-stage and publicly-held companies, makes him an ideal addition to our Board. Importantly, Gideon also brings strong relationships within the Korean American and mainstream business communities. On behalf of my colleagues on the Board, we look forward to drawing on Gideon’s wealth of expertise and perspective as we pursue our objectives to profitably grow the Bank.”
Mr. Yu has more than 20 years of experience as a finance executive, investor and advisor specializing in venture capital, technology and media companies. Mr. Yu is currently the co-owner and former president of the San Francisco 49ers. Mr. Yu holds the distinction of being the first President of color of any team in the history of the National Football League. Mr. Yu previously served as the Chief Financial Officer of both Facebook and YouTube. Mr. Yu was also a General Partner at Khosla Ventures, a venture capital firm focused on early-stage technology companies, where he led the firm’s investment in Square, Inc., a leading fintech company, and was its first outside board member. Mr. Yu currently serves on the Board of Trustees of the Monterey Bay Aquarium and the Council of Korean Americans and is on the National Leadership Council of the Navy SEAL Foundation. Mr. Yu earned his BS in Industrial Engineering and Engineering Management from Stanford University and received an MBA from Harvard Business School.
About Hanmi Financial Corporation
Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 35 full-service branches and 9 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. 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 and strategic plans, and other similar forecasts and statements of expectation and statements of assumption underlying any of the foregoing. 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 our forward-looking statements to be reasonable, we cannot guarantee future results, levels of activity, performance or achievements.
Forward-looking 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 statements. These factors include the following:
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, 2019, 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 & Chief Financial Officer
213-427-5636
Lasse Glassen
Investor Relations
Addo Investor Relations
310-829-5400
Cover |
Jan. 27, 2021 |
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Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jan. 27, 2021 |
Entity File Number | 000-30421 |
Entity Registrant Name | HANMI FINANCIAL CORPORATION |
Entity Central Index Key | 0001109242 |
Entity Tax Identification Number | 95-4788120 |
Entity Incorporation, State or Country Code | DE |
Entity Address, Address Line One | 3660 Wilshire Boulevard, Penthouse Suite A |
Entity Address, City or Town | Los Angeles |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 90010 |
City Area Code | 213 |
Local Phone Number | 382-2200 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.001 par value |
Trading Symbol | HAFC |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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