---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-051211"
form_type: "8-K"
ticker: "OPBK"
cik: "0001722010"
company_name: "OP Bancorp"
filed_at: "2024-12-13T23:59:59+00:00"
generated_at: "2026-05-29T03:39:21.609284+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# OP Bancorp appoints Yeong Gwon Pak as CCO effective Dec 30, 2024 as part of CEO succession plan

## Summary
- Yeong Gwon Pak appointed EVP and CCO of OP Bancorp and Open Bank, effective December 30, 2024.
- Pak succeeds Sang Oh, who will become CEO in 2025 per previously announced succession plan.
- Annual salary of $250,000; eligible for RSUs with cash value equal to 40% of salary, vesting over 5 years.
- Pak has over 20 years of community banking experience; previously SVP and District Manager at Bank of Hope.
- Pak also served as EVP and Chief Lending Officer at Commonwealth Business Bank (June 2020-June 2022).

## SEC filing metadata
- accession: 0001628280-24-051211
- form_type: 8-K
- ticker: OPBK
- cik: 0001722010
- company_name: OP Bancorp
- filed_at: 2024-12-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722010/000162828024051211/0001628280-24-051211-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722010/000162828024051211/opbk-20241213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-051211
- JSON: https://secwatch.observer/filing/0001628280-24-051211.json
- Plain text: https://secwatch.observer/filing/0001628280-24-051211.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.