Hanmi Financial Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT
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THE SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On March 4, 2025, Hanmi Financial Corporation (the “Company”), its wholly owned subsidiary, Hanmi Bank (the “Bank”), and Bonita I. Lee, President and Chief Executive Officer of the Company and Bank, entered into the first amendment (the “First Amendment”) to Ms. Lee’s employment agreement dated February 25, 2022 (the “Lee Employment Agreement”). The First Amendment extends the term of the Lee Employment Agreement to April 28, 2028, or if earlier, the close of business on the effective date of termination of employment pursuant to Section 5 of the Lee Employment Agreement. On April 28, 2028 and on each subsequent anniversary, the term of the Lee Employment Agreement will automatically renew for an additional year, unless either party provides written notice of non-renewal.
On March 4, 2025, the Company, the Bank, and Romolo C. Santarosa, Senior Executive Vice President and Chief Financial Officer of the Company and Bank, entered into the second amendment (the “Second Amendment”) to Mr. Santarosa’s employment agreement dated February 26, 2020 (the “Santarosa Employment Agreement”). The Amendment extends the term of the Santarosa Employment Agreement to December 31, 2027, or if earlier, the close of business on the effective date of termination of employment pursuant to Section 5 of the Santarosa Employment Agreement. On December 31, 2027 and on each subsequent anniversary, the term of the Santarosa Employment Agreement will automatically renew for an additional year, unless either party provides written notice of non-renewal.
The foregoing description of the First Amendment and the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the form of First Amendment and the form of Second Amendment that are attached hereto as Exhibits 10.1 and 10.2 of this Current Report on Form 8-K and is incorporated by reference into this Item 5.02.
| Item 9.01. | Financial Statements and Exhibits. |
| (a) |
Financial Statements of Businesses Acquired.
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Not Applicable.
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| (b) | Pro Forma Financial Information. |
Not Applicable.
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| (c) | Shell Company Transactions. |
Not Applicable.
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| (d) | Exhibits | |
| Number | Description |
| 10.1 | First Amendment to the Amended and Restated Employment Agreement by and among Hanmi Financial Corporation, Hanmi Bank and Bonita I. Lee dated February 25, 2022. |
| 10.2 | Second Amendment to the Amended and Restated Employment Agreement by and among Hanmi Financial Corporation, Hanmi Bank and Romolo C. Santarosa dated February 26, 2020. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
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 hereunto duly authorized.
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HANMI FINANCIAL CORPORATION
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| DATE: March 5, 2025 | By: | /s/ Bonita I. Lee |
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Bonita I. Lee President and Chief Executive Officer | ||