Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
HOPE BANCORP INC: Amended and restated bylaws with changes including majority voting standard, updated stockholder nomination and proposal procedures, record date requirement for stockholder action by consent or special meeting, updated indemnification provisions, sole board authority to fill vacancies, and increased (effective 2026-01-15).
- Change
- bylaw amendment
- Effective
- 2026-01-15
Exact text from the filing
on January 15, 2026, the Board of Directors of the Company amended and restated the Bylaws effective immediately. The Bylaws amendments, among other things, include: • Providing for a majority voting standard in uncontested elections consistent with the director resignation policy that is already in place; • Updating procedural, notice and information requirements for stockholder nominations of directors and submission of stockholder proposals to align with market and best practices; • Requiring stockholders seeking to act by consent or call a special meeting to first request the board fix a record date; • Updating the indemnification or advancement provisions to align with market and best practices; • Providing that the Board has the sole authority to fill vacancies on the Board; • Providing that the affirmative vote of a majority of the holders of a majority of the voting power of the outstanding shares of the Company’s capital stock entitled to vote thereon is required for stockhold
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