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OP Bancorp (NASDAQ: OPBK) shareholders back board, pay and auditor

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

OP Bancorp held its 2026 annual meeting of shareholders on May 28, 2026, with 11,517,297 shares represented, equal to 77.33% of the total shares outstanding. Shareholders elected all seven director nominees to one-year terms expiring at the 2027 annual meeting.

Investors also approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers for 2025 and ratified the appointment of Crowe LLP as the independent registered public accounting firm for the year ending December 31, 2026. No other matters were submitted for shareholder action.

Positive

  • None.

Negative

  • None.
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.
Shares represented 11,517,297 shares Represented at 2026 annual meeting; 77.33% of shares outstanding
Meeting participation 77.33% Percentage of total shares outstanding represented at the meeting
Executive pay approval votes for 9,617,976 votes Proposal 2 advisory vote to approve 2025 executive compensation
Executive pay votes against 286,108 votes Proposal 2 advisory vote against 2025 executive compensation
Auditor ratification votes for 11,410,721 votes Proposal 3 ratification of Crowe LLP for year ending December 31, 2026
Director vote example 9,877,129 votes for Votes for director nominee Sang K. Oh under Proposal 1
Broker non-votes on Proposals 1 and 2 1,537,397 shares Broker non-votes reported for each director and Proposal 2
non-binding, advisory basis financial
"approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers"
independent registered public accounting firm financial
"ratified 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.
broker non-votes financial
"Nominee | Votes For | Votes Withheld | 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.
annual meeting of shareholders financial
"held its 2026 annual meeting of shareholders (the “Annual Meeting”)"
A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.
definitive proxy statement financial
"described in more detail in the Company’s definitive proxy statement (the “2026 Proxy Statement”)"
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
Understanding 8-K Material Events →
0001722010False00017220102026-05-282026-05-28

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
Date of Report (Date of earliest event reported): May 28, 2026
____________________________________
OP BANCORP
(Exact name of registrant as specified in its charter)
____________________________________
California001-3843781-3114676
(State or other jurisdiction of incorporation)
(Commission File Number)(IRS Employer Identification No.)
1000 Wilshire Blvd., Suite 500, Los Angeles, CA
90017
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (213) 892-9999

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:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, no par valueOPBKNASDAQ Global Market
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 5.07.    Submission of Matters to a Vote of Security Holders

On May 28, 2026, OP Bancorp (the “Company”), the holding company for Open Bank, held its 2026 annual meeting of shareholders (the “Annual Meeting”). The Company’s shareholders considered three proposals at the Annual Meeting, each of which was described in more detail in the Company’s definitive proxy statement (the “2026 Proxy Statement”) for the Annual Meeting, which was filed with the Securities and Exchange Commission on April 16, 2026. There were 11,517,297 shares represented by valid proxies or voted at the Annual Meeting, or 77.33% of the total shares outstanding. At the Annual Meeting, shareholders voted on the following matters: (i) elected all of the seven director nominees named in the 2026 Proxy Statement for a one-year term expiring at the 2027 annual meeting of shareholders (“Proposal 1”), (ii) approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers for 2025 (“Proposal 2”); (iii) ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 (“Proposal 3”). Final voting results from the meeting are as follows:
Proposal 1 - Election of Directors

NomineeVotes ForVotes WithheldBroker Non-Votes
Hyung J. Kim9,298,322681,5781,537,397
Min J. Kim9,666,480313,4201,537,397
Sunny Kwon9,615,961363,9391,537,397
Sang K. Oh9,877,129102,7711,537,397
Yong Sin Shin9,202,308777,5921,537,397
Myung Shin Sohn9,847,412132,4881,537,397
Ki Won Yoon9,392,396587,5041,537,397

Proposal 2 - Advisory Vote to Approve Executive Compensation

Votes ForVotes AgainstAbstainBroker Non-Votes
9,617,976286,10875,8161,537,397

Proposal 3 - Ratification of Independent Registered Public Accounting Firm

Votes ForVotes AgainstAbstain
11,410,72143,57463,002
No other matters were submitted for shareholder action.


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
OP Bancorp
Date: May 28, 2026By:/s/ Jaehyun Park
Jaehyun Park
Executive Vice President and Chief Financial Officer
2

Source: View Original Filing on SEC EDGAR

FAQ

What did OPBK shareholders approve at the 2026 annual meeting?

Shareholders elected seven directors, approved 2025 executive compensation on a non-binding advisory basis, and ratified Crowe LLP as independent registered public accounting firm for the year ending December 31, 2026. No other matters were submitted for shareholder action at this meeting.

How many OPBK shares were represented at the 2026 annual meeting?

A total of 11,517,297 OP Bancorp shares were represented by valid proxies or voted at the 2026 annual meeting, representing 77.33% of the company’s total shares outstanding. This level of participation formed the basis for the director elections and all proposal vote results.

Were all OP Bancorp director nominees elected at the 2026 meeting?

Yes. All seven director nominees named in the 2026 proxy statement were elected for one-year terms expiring at the 2027 annual meeting. Each nominee, including Hyung J. Kim and Min J. Kim, received more votes for than withheld, plus broker non-votes reported separately.

How did OPBK shareholders vote on 2025 executive compensation?

Shareholders approved OP Bancorp’s 2025 named executive officer compensation on a non-binding, advisory basis. Proposal 2 received 9,617,976 votes for, 286,108 votes against, and 75,816 abstentions, with 1,537,397 broker non-votes recorded, indicating the level of support among voting shareholders.

Which audit firm did OP Bancorp shareholders ratify for 2026?

Shareholders ratified Crowe LLP as OP Bancorp’s independent registered public accounting firm for the year ending December 31, 2026. Proposal 3 received 11,410,721 votes for, 43,574 votes against, and 63,002 abstentions, confirming Crowe LLP’s appointment for the stated fiscal year audit.

What was the outcome of Proposal 1 director votes at OPBK?

Each of the seven director nominees received more votes for than withheld. For example, Sang K. Oh received 9,877,129 votes for and 102,771 votes withheld, while Ki Won Yoon received 9,392,396 votes for and 587,504 withheld, with 1,537,397 broker non-votes reported for each nominee.

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