-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JaSDOPCpVe31ny84HWUUns39EhB6bkCeMdYv3IYwCxzJ9Z839mlBh5Jmi+1m+z0O X5i8sTwNsi/DDaa0z5N5ug== 0001157523-10-005501.txt : 20100915 0001157523-10-005501.hdr.sgml : 20100915 20100915161305 ACCESSION NUMBER: 0001157523-10-005501 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100915 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100915 DATE AS OF CHANGE: 20100915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NARA BANCORP INC CENTRAL INDEX KEY: 0001128361 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 954170121 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50245 FILM NUMBER: 101074038 BUSINESS ADDRESS: STREET 1: 3731 WILSHIRE BLVD STREET 2: SUITE 1000 CITY: LOS ANGELES STATE: CA ZIP: 90010 BUSINESS PHONE: 2136391700 MAIL ADDRESS: STREET 1: 3731 WILSHIRE BLVD STREET 2: SUITE 1000 CITY: LOS ANGELES STATE: CA ZIP: 90010 8-K 1 a6431644.htm NARA BANCORP, INC. 8-K

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): September 15, 2010


Nara Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Delaware

000-50245

95-4170121

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

3731 Wilshire Boulevard, Suite 1000, Los Angeles, CA

 

90010

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (213) 639-1700

 

(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 (see General Instruction A.2. below):

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 5.02.  Departure of Directors or Principal Certain Officers; Election of Directors; Appointment of Principal Certain Officers; Compensatory Arrangements of Certain Officers.

On September 15, 2010, Mr. Chong-Moon Lee tendered his resignation, effective immediately, from his position as Chairman of the Board of Nara Bancorp and his position as a director of Nara Bank.  Mr. Lee indicated that his resignation was due to his intent to devote his attention to international philanthropic endeavors.

Item 9.01  Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

 
Exhibit 99.1 Press release issued by Nara Bancorp, Inc. dated September 15, 2010.

2

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.

Nara Bancorp, Inc.

 
 
 
Date: September 15, 2010 By:

/s/ Alvin D. Kang

Name:

Alvin D. Kang

Title:

Chief Executive Officer

3

EX-99.1 2 a6431644ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

Nara Bancorp Chairman Chong-Moon Lee Announces Departure From Board of Directors to Focus on International Philanthropic Endeavors

LOS ANGELES--(BUSINESS WIRE)--September 15, 2010--Nara Bancorp, Inc. (the “Company”) (NASDAQ: NARA), the holding company of Nara Bank (the “Bank”), announced that Chong-Moon Lee, Chairman of the Board of the Company and a member of the Board of the Bank, will step down from his board positions effective today, September 15, 2010. Mr. Lee indicated that he intends to devote his full attention to his mission to promote social innovation, including building elementary and secondary schools in the poorest Asian and African countries.

Mr. Lee stated, “I am very proud of the work we have done with the Board and management to build Nara Bancorp into one of the premier Korean-American financial institutions in the country and I am confident that the current Board of Directors and management team will continue to grow the franchise in the future. Those who know me well know that I am an enthusiast for education and I see a tremendous need for building the educational infrastructure in many regions within the less developed countries in Asia and Africa. I am excited about spending the next several months in Nepal, Bhutan and Tibet and helping to improve the educational infrastructure in a way that will have a positive impact in that region for generations to come.”

“We are very grateful for the leadership that Mr. Lee has provided to Nara Bank and for all of the valuable work he has done in the worldwide community,” said Alvin Kang, Chief Executive Officer of Nara Bancorp. “We hope that Mr. Lee can have an active role with the Company again at some point in the future when his schedule permits.”

The Company anticipates electing a new Chairman at the next scheduled meeting of the Board of Directors. The election of the new Chairman will be subject to regulatory approval.

About Nara Bancorp, Inc.

Nara Bancorp, Inc. is the parent company of Nara Bank, which was founded in 1989. Nara Bank is a full-service community bank headquartered in Los Angeles with 23 branches and one loan production office in the United States. Nara Bank operates full-service branches in California, New York and New Jersey, and a loan production office in Texas. Nara Bank was founded specifically to serve the needs of Korean Americans. Presently, Nara Bank serves a diverse group of customers mirroring its communities. Nara Bank specializes in core business banking products for small and medium-sized companies, with an emphasis in commercial real estate and business lending, SBA lending and international trade financing. Nara Bank is a member of the FDIC and is an Equal Opportunity Lender.


Forward-Looking Statements

This press release contains forward-looking statements, including statements about future operations and projected full-year financial results that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include but are not limited to economic, competitive, governmental and technological factors affecting the Company’s operations, markets, products, services, and pricing. Readers should carefully review the risk factors and the information that could materially affect the Company’s financial results and business, described in documents the Company files from time to time with the Securities and Exchange Commission, including its quarterly reports on Form 10-Q and Annual Reports on Form 10-K, and particularly the discussions of business considerations and certain factors that may affect results of operations and stock price set forth therein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements.

CONTACT:
Financial Profiles, Inc.
Tony Rossi, 310-478-2700 x13
trossi@finprofiles.com

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