East West Bancorp appoints Huang as Head of Commercial Banking, Shi as COO with $800k salary

EAST WEST BANCORP INC

Nick Huang appointed EVP and Head of Commercial Banking, reporting to CEO Dominic Ng, effective November 15/December 1, 2021.
Parker Shi appointed EVP and COO, overseeing consumer banking, digital banking, retail lending, and wealth management.
Shi's employment terms: $800k base salary, target bonus 100% of base, sign-on $150k cash and $1.3M in RSUs.
Shi receives initial annual stock grant in March 2022 with performance RSUs, three-year cliff vesting.
Termination without cause triggers severance of 2x salary plus 100% salary bonus, with equity vesting continued.

item 5.02 item 9.01

Executive movements

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Appointed

Parker Shi

Executive Vice President and Chief Operating Officer

EWBC · EAST WEST BANCORP INC

Effective: 2021-12-01
Filed: December 6, 2021, 6:59 PM ET

On December 1, 2021, the Company appointed Parker Shi as Executive Vice President and Chief Operating Officer of the Company and the Bank.

Appointed

Nick Huang

Executive Vice President and Head of Commercial Banking

EWBC · EAST WEST BANCORP INC

Effective: 2021-11-15
Filed: December 6, 2021, 6:59 PM ET

On November 15, 2021, East West Bancorp, Inc. (the “Company”) appointed Nick Huang as Executive Vice President and Head of Commercial Banking of the Company and its wholly owned subsidiary, East West Bank (the “Bank”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Parker Shi was appointed as Executive Vice President and Chief Operating Officer at EAST WEST BANCORP INC.

Action: appointed
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On December 1, 2021, the Company appointed Parker Shi as Executive Vice President and Chief Operating Officer of the Company and the Bank.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nick Huang was appointed as Executive Vice President and Head of Commercial Banking at EAST WEST BANCORP INC.

Action: appointed
Role: Executive Vice President and Head of Commercial Banking

Exact text from the filing

On November 15, 2021, East West Bancorp, Inc. (the “Company”) appointed Nick Huang as Executive Vice President and Head of Commercial Banking of the Company and its wholly owned subsidiary, East West Bank (the “Bank”).

View on SEC.gov

EAST WEST BANCORP INC filing history →

Source: SEC EDGAR

accession 0001069157-21-000083

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