secwatch.observer — SEC 8-K summary
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Issuer:     HOPE BANCORP INC (HOPE)
CIK:        0001128361
Form:       8-K
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0001128361-22-000014
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hope Bancorp signs amended CEO employment agreement with Kevin S. Kim; base salary $1,050,000
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- Base salary of $1,050,000/year; initial term through March 31, 2027, with possible one-year renewals not beyond March 31, 2029.
- Annual target bonus of 100% of base salary; annual equity awards with grant date fair value of 150% of base salary (50% time-vesting, 50% performance-based).
- Severance: 150% of base salary for termination without cause or for good reason; 250% if within one year after a change in control.
- Benefits include company car, club memberships (California Club, Wilshire Country Club), and executive health program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128361/000112836122000014/0001128361-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128361/000112836122000014/hope-20220328.htm
  HTML page:      https://secwatch.observer/filing/0001128361-22-000014

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