Hope Bancorp (NASDAQ: HOPE) investors approve directors, auditor and 2025 pay
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Hope Bancorp, Inc. reported the results of its 2026 annual meeting of stockholders held virtually on May 21, 2026. Of 127,946,655 common shares outstanding as of the record date, 113,267,099 shares were represented and voted, a turnout of 88.53%.
All director nominees were elected with support generally in the mid‑90 million vote range and broker non-votes of 6,496,057 for each. Stockholders also ratified Crowe LLP as independent registered public accounting firm, with 109,712,291 shares voting for, and approved on an advisory basis 2025 compensation for Named Executive Officers, with 95,925,166 shares voting for.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Shares outstanding: 127,946,655 shares
Shares represented: 113,267,099 shares
Auditor ratification support: 109,712,291 shares for
+4 more
7 metrics
Shares outstanding
127,946,655 shares
Common stock outstanding as of March 23, 2026 record date
Shares represented
113,267,099 shares
Shares represented and voted at the 2026 annual meeting; 88.53% turnout
Auditor ratification support
109,712,291 shares for
Ratification of Crowe LLP as independent registered public accounting firm
Auditor proposal approval rate
Approximately 97%
Percent of shares represented and voting that supported auditor ratification
Say-on-pay support
95,925,166 shares for
Advisory vote on 2025 compensation for Named Executive Officers
Say-on-pay approval rate
Approximately 90%
Percent of shares represented and voting that supported executive compensation
Example director vote
97,336,914 for / 9,333,443 against
Votes for director nominee Rachel H. Lee; 6,496,057 broker non-votes
Key Terms
broker non-votes, independent registered public accounting firm, advisory vote, Named Executive Officers, +1 more
5 terms
broker non-votes financial
"Votes Cast For | Votes Cast Against | Abstain | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"ratification of the appointment of Crowe LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
advisory vote financial
"3.advisory vote to approve the 2025 compensation paid to the Company’s “Named Executive Officers”"
An advisory vote is a shareholder poll that expresses investors’ approval or concern about a company’s policy, executive pay, board decisions or other governance matters but does not legally force the company to act. Think of it like a customer survey: it signals investor sentiment and can pressure management to change course, so investors watch the result as a guide to future governance, risk and potential shifts in strategy.
Named Executive Officers financial
"2025 compensation paid to the Company’s “Named Executive Officers” as described in the Company’s proxy statement"
Named executive officers are the senior company leaders whose names, roles and compensation are singled out in required regulatory filings; this typically includes the chief executive, chief financial officer and the next highest‑paid senior officers. Investors treat this list like a team roster — it shows who makes key decisions, how they are paid and whether incentives align with shareholder interests, so changes or pay patterns can signal governance quality, risk or strategic shifts.
emerging growth company regulatory
"Emerging growth company Item 5.07 Submission of Matters to a Vote"
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.
FAQ
What did Hope Bancorp (HOPE) stockholders vote on at the 2026 annual meeting?
Stockholders voted on three items: electing directors, ratifying Crowe LLP as independent registered public accounting firm for 2026, and an advisory vote approving 2025 compensation for Named Executive Officers as described in the April 10, 2026 proxy statement.
Were Hope Bancorp’s director nominees approved at the 2026 annual meeting?
Yes. All listed nominees, including Kevin S. Kim, Rachel H. Lee, and others, were elected to the Board. Each received tens of millions of votes cast for, with broker non-votes of 6,496,057 shares reported for each director election line.
Did Hope Bancorp (HOPE) stockholders ratify Crowe LLP as auditor for 2026?
Yes. The proposal to ratify Crowe LLP as independent registered public accounting firm received 109,712,291 votes for, 3,522,166 against, and 32,642 abstentions. The for votes constituted approximately 97% of shares represented and voting on this matter.
How did Hope Bancorp investors vote on executive compensation for 2025?
Stockholders approved, on an advisory basis, the 2025 compensation of Named Executive Officers. The vote totaled 95,925,166 shares for, 10,788,481 against, and 57,394 abstentions, with 6,496,057 broker non-votes. The for votes represented about 90% of shares voting on that proposal.
What was the record date for Hope Bancorp’s 2026 annual stockholder meeting?
The record date was March 23, 2026. On that date, Hope Bancorp had 127,946,655 shares of common stock outstanding, and holders of those shares as of the record date were entitled to vote at the 2026 annual meeting.