secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2024-12-13T23:59:59+00:00
Accession:  0001628280-24-051211
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828024051211/0001628280-24-051211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828024051211/opbk-20241213.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-051211

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