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OP Bancorp
07/03/2024 | Press release | Distributed by Public on 07/03/2024 14:28
Submission of Matters to a Vote of Security Holders Form 8 K
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In connection with the annual meeting of shareholders of OP Bancorp, a California corporation and registered bank holding company ("Registrant"), the Nomination & Governance Committee ("Committee") of the Registrant's Board of Directors ("Board") received notification from Director Ernest E. Dow that he intend to retire from the Board at the Registrant's Annual Meeting of Shareholders convened on Thursday, June 27, 2024.
The Director indicated that his resignation would be effective as of such date, and based upon the recommendation of the Committee, the Board has accepted such resignation effective as of such date. The Director's retirement and decision not to stand for reelection are without prejudice as to such Director's rights to indemnification and exculpation from liabilities arising as a result of his service in such capacities prior to his retirement date.