Community West Bancshares Files Definitive Proxy Statement for 2024 Annual Meeting

TL;DR

<b>Community West Bancshares has filed its Definitive Proxy Statement for the 2024 Annual Meeting of Shareholders, scheduled for May 30, 2024.</b>

AI Summary

Community West Bancshares (CWBC) filed a Proxy Statement (DEF 14A) with the SEC on April 26, 2024. Community West Bancshares (CWBC) filed a Definitive Proxy Statement (DEF 14A) on April 26, 2024. The filing concerns the 2024 Annual Meeting of Shareholders scheduled for May 30, 2024, at 3:00 p.m. PST. The meeting will be held at Fort Washington Country Club, 10272 N. Millbrook Ave, Fresno, California. Shareholders are provided with a Notice of Annual Meeting, Proxy Statement, Proxy Card, and the 2023 Annual Report. The proxy materials will be made available to shareholders on or about May 6, 2024.

Why It Matters

For investors and stakeholders tracking Community West Bancshares, this filing contains several important signals. This filing provides shareholders with essential information and voting materials for the upcoming annual meeting, allowing them to participate in corporate governance decisions. The proxy statement details the agenda and proposals to be discussed, ensuring transparency and shareholder engagement in the company's direction.

Risk Assessment

Risk Level: low — Community West Bancshares shows low risk based on this filing. The filing is a routine proxy statement for an annual shareholder meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the proxy statement and vote their shares for the upcoming annual meeting to ensure their voice is heard on corporate matters.

Key Numbers

• 2024-05-30 — Annual Meeting Date (Date of the 2024 Annual Meeting of Shareholders)
• 3:00 p.m. — Meeting Time (Time of the 2024 Annual Meeting of Shareholders)
• 2023-12-31 — Fiscal Year End (Company's fiscal year end)
• 2024-04-26 — Filing Date (Date the DEF 14A was filed)

Key Players & Entities

• Community West Bancshares (company) — Registrant name
• DEF 14A (filing) — Form type
• 2024-04-26 (date) — Filing date
• May 30, 2024 (date) — Annual Meeting date
• Fort Washington Country Club (location) — Meeting venue
• Daniel J. Doyle (person) — Chairman of the Board

FAQ

Industry Context

Community West Bancshares operates as a commercial bank, providing financial services within its operating regions.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Rule 14a-101, governing proxy statements.

What Investors Should Do

1. Review the proxy statement for details on proposals and director nominees.
2. Vote your shares via internet, telephone, or mail before the meeting.
3. Attend the annual meeting on May 30, 2024, if possible.

Key Dates

• 2024-05-30: 2024 Annual Meeting of Shareholders — Shareholders will vote on company matters and elect directors.
• 2024-04-26: Filing of Definitive Proxy Statement — Official filing date of the proxy materials with the SEC.
• 2024-05-06: First Availability of Proxy Materials — Date shareholders will begin receiving proxy materials.

Year-Over-Year Comparison

This is the initial filing of the Definitive Proxy Statement for the 2024 Annual Meeting.

Filing Documents

• cvcy-20240426.htm (DEF 14A) — 830KB
• cvcy-20240426_g1.jpg (GRAPHIC) — 35KB
• cvcy-20240426_g2.jpg (GRAPHIC) — 31KB
• cvcy-20240426_g3.jpg (GRAPHIC) — 123KB
• cvcy-20240426_g4.jpg (GRAPHIC) — 121KB
• cvcy-20240426_g5.jpg (GRAPHIC) — 93KB
• cvcy-20240426_g6.jpg (GRAPHIC) — 99KB
• 0001628280-24-018692.txt (&nbsp;) — 2421KB
• cvcy-20240426.xsd (EX-101.SCH) — 2KB
• cvcy-20240426_def.xml (EX-101.DEF) — 3KB
• cvcy-20240426_lab.xml (EX-101.LAB) — 3KB
• cvcy-20240426_pre.xml (EX-101.PRE) — 2KB
• cvcy-20240426_htm.xml (XML) — 28KB

From the Filing

cvcy-20240426 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14A 101) INFORMATION REQUIRED IN PROXY STATEMENT Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by Registrant [ X ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ X ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to 240.14a-12 COMMUNITY WEST BANCSHARES (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of filing Fee (Check all boxes that apply): [ X ] No fee required. [ ] Fee paid previously with preliminary materials. [ ] Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. 7100 N. Financial Drive, Suite 101 Fresno, California 93720 April 26, 2024 Dear Shareholder: In connection with the 2024 Annual Meeting of Shareholders to be held at 3:00 p.m. on Wednesday, May 30, 2024, at Fort Washington Country Club, located at 10272 N. Millbrook Ave, Fresno, California 93730, we are enclosing the following: 1. Notice of Annual Meeting of Shareholders 2. Proxy Statement 3. Proxy Card 4. Company's Annual Report for the year ended December 31, 2023 It is important that your shares be represented at the Annual Meeting. In order to ensure your shares are voted at the Annual Meeting, whether or not you plan to attend the Annual Meeting, you can vote through the Internet, by telephone, or by mail. This proxy statement, Shareholder Meeting Notice, form of proxy, and the Annual Report of the Company for the year 2023 are first being made available to shareholders on or about May 6, 2024. We appreciate your support and look forward to seeing you at the Annual Meeting on May 30, 2024. Cordially, /s/ Daniel J. Doyle Daniel J. Doyle Chairman of the Board /s/ James J. Kim James J. Kim Chief Executive Officer IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE SHAREHOLDER MEETING: THE PROXY STATEMENT AND ANNUAL REPORT TO SHAREHOLDERS, ALONG WITH THE COMPANY'S REPORT ON FORM 10-K TO SHAREHOLDERS ARE AVAILABLE AT: WWW.INVESTORVOTE.COM/CWBC2024 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS OF COMMUNITY WEST BANCSHARES TO THE SHAREHOLDERS OF COMMUNITY WEST BANCSHARES: NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of the Shareholders of Community West Bancshares will be held at 10272 N. Millbrook Ave, Fresno, California 93730, on Wednesday, May 30, 2024, at 3:00 p.m. for the following purposes: (1) To elect fifteen (15) directors to the Board of Directors; (2) To ratify the appointment o f Moss Adams LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024; (3) To adopt a non-binding advisory resolution approving executive compensation; and (4) To transact such other business as may properly come before the Annual Meeting. The names of the Board of Directors' nominees to be directors of Community West Bancshares are set forth in the accompanying Proxy Statement and are incorporated herein by reference. Only shareholders of record at the close of business on April 25, 2024, are entitled to notice of, and to vote at, the Annual Meeting. Every shareholder is invited to attend the Annual Meeting in person or by proxy. If you do not expect to be present at the Annual Meeting, you can vote through the Internet, by telephone, or by mail. Instructions regarding Internet and telephone voting, as well instructions for requesting printed copies of the meeting materials and a physical proxy card are included in the Shareholder Meeting Notice. Dated: April 26, 2024 Daniel J. Doyle /s/ Daniel J. Doyle Chairman of the Board WHETHER OR NOT YOU PLAN TO ATTEND THIS ANNUAL MEETING, PLEASE VOTE THROUGH THE INTERNET, BY TELEPHONE, OR MAIL AS PROMPTLY AS POSSIBLE 1 PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS OF COMMUNITY WEST BANCSHARES To Be Held on May 30, 2024 Fort Washington Country Club 10272 N. Millbrook Avenue, Fresno, California 93730 _____________________________________ GENERAL INFORMATION FOR SHAREHOLDERS The following information is furnished in connection with the solicitation of the accompanying proxy by and on behalf of the Board of Directors of Community West Bancshares (the "Company" or "Community West") for use at the Annual Meeting of Shareholders to be held at the Fort Washington Country Club, 10272 N. Millbrook Avenue, Fresno, California 93730, on Wednesday, May 30, 2024 at 3:00 p.m. Only shareholders of record at the close of business on April 25, 2024 (the "Record Date") will be entitled to notice of, and to vote at, the Annual Meeting. On the Record Date, the Company had outstanding and en

View Full Filing

View this DEF 14A filing on SEC EDGAR