Did Hope Bancorp (HOPE) disclose any related-party transactions involving Peter J. Koh?

Hope Bancorp states that, aside from the disclosed information, Peter J. Koh has no direct or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K. This indicates no additional related-party transactions were reported in connection with his promotion.

Hope Bancorp (HOPE) elevates Peter J. Koh to Bank President with pay boost

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Hope Bancorp, Inc. announced a leadership change at its bank subsidiary, Bank of Hope. Effective April 1, 2026, Peter J. Koh is promoted from Senior Executive Vice President and Chief Operating Officer to President & Chief Operating Officer of the Bank.

Kevin S. Kim will continue as Chairman and Chief Executive Officer of both the Company and the Bank, and as President of the Company. In connection with the promotion, Mr. Koh’s base salary increases to $600,000, and his target opportunities under both the short-term and long-term incentive plans rise to 80% of base salary.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Promotion approval date: March 26, 2026 Promotion effective date: April 1, 2026 Base salary: $600,000 +2 more

5 metrics

Promotion approval date March 26, 2026 Board approved Koh’s promotion

Promotion effective date April 1, 2026 Effective date for Koh as President & COO

Base salary $600,000 New base salary for Peter J. Koh

Short-term incentive target 80% of base salary Koh’s short-term incentive plan target

Long-term incentive target 80% of base salary Koh’s long-term incentive plan target

Key Terms

short-term incentive plan, long-term incentive plan, Item 404(a) of Regulation S-K, definitive proxy statement on Schedule 14A, +1 more

5 terms

short-term incentive plan financial

"an increase to his short-term incentive plan target opportunity to 80% of his salary"

long-term incentive plan financial

"an increase to his long-term incentive plan target opportunity to 80% of his base salary"

A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.

Item 404(a) of Regulation S-K regulatory

"material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K"

definitive proxy statement on Schedule 14A regulatory

"described in the Company’s definitive proxy statement on Schedule 14A"

Emerging growth company regulatory

"Emerging growth company Item 5.02."

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Understanding 8-K Material Events →

04/01/2026 - 04:06 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

March 26, 2026

Date of Report (Date of earliest event reported)


HOPE BANCORP, INC.
(Exact name of registrant as specified in its charter)

Delaware

000-50245

95-4849715

(State of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

3200 Wilshire Boulevard, Suite 1400

Los Angeles, California 90010

(Address of principal executives offices, including zip code)

(213) 639-1700

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Common Stock

par value $0.001 per share

HOPE

NASDAQ Global Select Market

(Title of class)

(Trading Symbol)

(Name of exchange on which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 26, 2026, the board of directors (the “Board”) of Hope Bancorp, Inc. (the “Company”) and its bank subsidiary, Bank of Hope (the “Bank”), approved the promotion of Peter J. Koh to the position of President & Chief Operating Officer of the Bank, effective April 1, 2026. Prior to the promotion, Mr. Koh served as Senior Executive Vice President and Chief Operating Officer of the Bank. Kevin S. Kim, who served as the Chairman, President and Chief Executive Officer of the Company and the Bank, will continue to serve as the Chairman and Chief Executive Officer of the Company and the Bank and as the President of the Company.

There are no family relationships between Mr. Koh and any of the Company or Bank's current directors or executive officers, however, Mr. Koh is related to former director and Honorary Chairman Steven S. Koh, who retired from the Board on December 31, 2025. There are no arrangements or understandings between Mr. Koh and any other persons pursuant to which he was selected to his position. Other than the foregoing, Mr. Koh does not have a direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Identification and business experience information for Mr. Koh is described in the Company’s definitive proxy statement on Schedule 14A, filed with the Securities and Exchange Commission on April 11, 2025, and is incorporated herein by reference. In connection with the promotion of Mr. Koh, the following changes to his compensation go into effect on April 1, 2026: (i) an increase of his base salary to $600,000, (ii) an increase to his short-term incentive plan target opportunity to 80% of his salary, and (iii) an increase to his long-term incentive plan target opportunity to 80% of his base salary.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


		HOPE BANCORP, INC.

Date: April 1, 2026	By:	/s/ Kevin S. Kim
		Kevin S. Kim
		Chairman, President and Chief Executive Officer

Source: View Original Filing on SEC EDGAR

FAQ

What executive change did Hope Bancorp (HOPE) announce at Bank of Hope?

Hope Bancorp promoted Peter J. Koh to President & Chief Operating Officer of Bank of Hope, effective April 1, 2026. He previously served as Senior Executive Vice President and Chief Operating Officer, so this expands his leadership role within the bank subsidiary.

What roles will Kevin S. Kim retain at Hope Bancorp (HOPE)?

Kevin S. Kim will continue serving as Chairman and Chief Executive Officer of both Hope Bancorp and Bank of Hope, and as President of Hope Bancorp. The filing clarifies he is stepping back from the Bank President title but remains the top executive of the organization.

How is Peter J. Koh’s compensation changing with his promotion at HOPE?

With his promotion, Peter J. Koh’s base salary increases to $600,000. His target opportunities under the short-term and long-term incentive plans each rise to 80% of base salary, aligning his pay with his expanded responsibilities at Bank of Hope.

Are there any family relationships affecting Peter J. Koh’s appointment at HOPE?

The filing states Peter J. Koh has no family relationships with current directors or executive officers of Hope Bancorp or Bank of Hope. He is related to former director and Honorary Chairman Steven S. Koh, who retired from the board on December 31, 2025.

Where can investors find more background on Peter J. Koh of Hope Bancorp (HOPE)?

Additional identification and business experience details for Peter J. Koh are incorporated by reference from Hope Bancorp’s definitive proxy statement on Schedule 14A, filed April 11, 2025. Investors can review that proxy statement for his career history and qualifications.

Filing Exhibits & Attachments

3 documents