8-K 1 form8-k.htm

 

 

 

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): June 11, 2019

 

 

 

First Choice Bancorp

(Exact name of registrant as specified in its charter)

 

 

 

California   001-38476   82-2711227
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

17785 Center Court Drive, N Suite 750

Cerritos, California

  90703
(Address of principal executive offices)   (Zip Code)

 

(562) 345-9092

(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 (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))

 

Indicate by Check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).

 

Emerging Growth Company [X]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [X]

 

 

 

   
   

 

Item 5.07. Submission of Matters to a Vote of Security Holders

 

The annual meeting of the shareholders of First Choice Bancorp (the “Company”) was held on Tuesday, June 11, 2019. There were 8,922,851 shares represented and voting at the annual meeting, or approximately 76.44% of the total shares issued, outstanding and eligible to vote at the meeting. The final results for each of the matters submitted to a vote of shareholders at the annual meeting are as follows:

 

  (a) The following eight (8) persons were elected to the Company’s Board of Directors to serve until the next annual meeting of shareholders and until their successors are elected and have qualified:

 

NAME  FOR   WITHHELD   BROKER
NON-VOTE
   PERCENTAGE
VOTING IN
“FOR”
 
Robert M. Franko   5,877,090    18,418    3,027,343    65.87%
James H. Gray   5,863,789    31,719    3,027,343    65.72%
Peter H. Hui   5,859,800    35,708    3,027,343    65.67%
Fred D. Jensen   5,863,789    31,719    3,027,343    65.72%
Luis Maizel   5,879,902    15,606    3,027,343    65.90%
Pravin C. Pranav   5,859,283    36,225    3,027,343    65.67%
Maria S. Salinas   5,880,252    15,256    3,027,343    65.90%
Phillip T. Thong   5,860,707    34,801    3,027,343    65.68%

 

  (b) In an advisory (non-binding) vote, the Company’s shareholder approved the compensation of the Company’s Named Executive Officers as disclosed in the Proxy Statement.

 

FOR  AGAINST   ABSTAIN   BROKER
NON-VOTE
 
5,804,978   38,523    52,007    3,027,343 

 

  (c) In an advisory (non-binding) vote, the Company’s shareholder voted to hold a shareholder advisory vote on the compensation paid to the Company’s Named Executive Officers every year as follows:

 

1 YEAR  2 YEARS   3 YEARS   ABSTAIN   BROKER
NON-VOTE
 
3,604,713   98,931    2,144,680    47,184    3,027,343 

 

  (d) The Company’s shareholders ratified the appointment of Vavrinek, Trine, Day & Co., LLP as the independent registered public accounting firm for the Company for the fiscal year ending December 31, 2019 as follows:

 

FOR  AGAINST   ABSTAIN   BROKER
NON-VOTE
 
8,892,229   500    80,122    0 

 

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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.

 

  First Choice Bancorp
     
Date: June 17, 2019 By: /s/ Robert M. Franko
  Name:  Robert M. Franko
  Title: President & Chief Executive Officer

 

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