secwatch.observer — SEC 8-K summary
======================================

Issuer:     EAST WEST BANCORP INC (EWBC)
CIK:        0001069157
Form:       8-K
Filed at:   2021-12-06T23:59:59+00:00
Accession:  0001069157-21-000083
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069157/000106915721000083/0001069157-21-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069157/000106915721000083/ewbc-20211201.htm
  HTML page:      https://secwatch.observer/filing/0001069157-21-000083

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer