0001722010False1000 Wilshire Blvd.Suite 500Los AngelesCANASDAQ00017220102023-06-222023-06-22
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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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 22, 2023
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OP BANCORP
(Exact name of registrant as specified in its charter)
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| California | 001-38437 | 81-3114676 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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1000 Wilshire Blvd., Suite 500, Los Angeles, CA | | 90017 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (213) 892-9999
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:
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
| Common Stock, no par value | | OPBK | | NASDAQ Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
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 ☒
Item 5.07. Submission of Matters to a Vote of Security Holders
On June 22, 2023, the Company held its 2023 annual meeting of shareholders; 12,747,915 shares were represented by valid proxies or voted at the meeting, or 83.72% of the total shares outstanding. At the meeting, shareholders elected all of the seven director nominees named in the 2023 Proxy Statement for a one-year term expiring at the 2024 annual meeting of shareholders and to serve until his or her successor is elected and qualified. The shareholders also ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for 2023. Final voting results from the meeting are as follows:
Proposal 1 - Election of Directors
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| Nominee | | Votes For | | Votes Withheld | | Broker Non-Votes |
| Brian Choi | | 11,449,419 | | 96,573 | | 1,201,923 |
| Ernest E. Dow | | 11,458,999 | | 86,993 | | 1,201,923 |
| Soo Hun Jung | | 11,458,993 | | 86,999 | | 1,201,923 |
| Hyung J. Kim | | 11,541,161 | | 4,831 | | 1,201,923 |
| Min J. Kim | | 11,511,732 | | 34,260 | | 1,201,923 |
| Sunny Kwon | | 11,541,178 | | 4,814 | | 1,201,923 |
| Yong Sin Shin | | 11,475,221 | | 70,771 | | 1,201,923 |
Proposal 2 - Ratification of Independent Registered Public Accounting Firm
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| Votes For | | Votes Against | | Abstain |
| 12,733,572 | | 11,627 | | 2,716 |
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 thereunto duly authorized.
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| OP Bancorp |
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| Dated: June 23, 2023 | By: | /s/ Christine Oh |
| | Christine Oh |
| | Executive Vice President and |
| | Chief Financial Officer |