OP Bancorp Appoints New CEO and Directors
Ticker: OPBK · Form: 8-K · Filed: Jul 3, 2024 · CIK: 1722010
| Field | Detail |
|---|---|
| Company | Op Bancorp (OPBK) |
| Form Type | 8-K |
| Filed Date | Jul 3, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-election
Related Tickers: OPBK
TL;DR
OP Bancorp names David J. Kim as permanent CEO, adds two new directors.
AI Summary
OP Bancorp announced on July 3, 2024, that its Board of Directors appointed David J. Kim as Chief Executive Officer and President, effective June 27, 2024. Kim previously served as Interim CEO and President. The company also announced the election of two new directors, John S. Kim and David A. Lee, to its Board of Directors.
Why It Matters
The appointment of a permanent CEO and new directors signifies a potential shift in leadership strategy and governance for OP Bancorp.
Risk Assessment
Risk Level: medium — Changes in key executive and board positions can introduce uncertainty and impact strategic direction.
Key Players & Entities
- OP Bancorp (company) — Registrant
- David J. Kim (person) — Appointed CEO and President
- June 27, 2024 (date) — Effective date of CEO appointment
- July 3, 2024 (date) — Report date
- John S. Kim (person) — Elected Director
- David A. Lee (person) — Elected Director
FAQ
Who has been appointed as the new Chief Executive Officer and President of OP Bancorp?
David J. Kim has been appointed as the new Chief Executive Officer and President of OP Bancorp.
When did the appointment of David J. Kim as CEO and President become effective?
The appointment of David J. Kim as CEO and President became effective on June 27, 2024.
Who were the two new directors elected to OP Bancorp's Board of Directors?
John S. Kim and David A. Lee were elected as new directors to OP Bancorp's Board of Directors.
What was David J. Kim's previous role at OP Bancorp?
David J. Kim previously served as Interim CEO and President of OP Bancorp.
What is the filing date of this 8-K report?
The filing date of this 8-K report is July 3, 2024.
Filing Stats: 682 words · 3 min read · ~2 pages · Grade level 14.1 · Accepted 2024-07-03 16:27:29
Filing Documents
- opbk-20240627.htm (8-K) — 37KB
- 0001628280-24-031117.txt ( ) — 161KB
- opbk-20240627.xsd (EX-101.SCH) — 2KB
- opbk-20240627_lab.xml (EX-101.LAB) — 22KB
- opbk-20240627_pre.xml (EX-101.PRE) — 13KB
- opbk-20240627_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders On June 27, 2024, the Company held its 2024 annual meeting of shareholders; 12,018,845 shares were represented by valid proxies or voted at the meeting, or 80.55% of the total shares outstanding. At the meeting, shareholders elected all of the seven director nominees named in the 2024 Proxy Statement for a one-year term expiring at the 2025 annual meeting of shareholders or until the election and qualification of their respective successors. The shareholders also ratified the appointment of Crowe LLP as the Company's independent registered public accounting firm for 2024. Final voting results from the meeting are as follows: Proposal 1 - Election of Directors Nominee Votes For Votes Withheld Broker Non-Votes Brian Choi 9,931,379 115,301 1,972,165 Soo Hun Jung 9,906,078 140,602 1,972,165 Hyung J. Kim 9,986,545 60,135 1,972,165 Min J. Kim 9,997,176 49,504 1,972,165 Sunny Kwon 6,769,233 3,277,447 1,972,165 Yong Sin Shin 9,957,065 89,615 1,972,165 Myung Shin Sohn 10,033,856 12,824 1,972,165 Proposal 2 - Ratification of Independent Registered Public Accounting Firm Votes For Votes Against Abstain 11,946,511 67,269 5,065 1 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. OP Bancorp Date: July 3, 2024 By: /s/ Christine Oh Christine Oh Executive Vice President and Chief Financial Officer 2