UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| ITEM 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers |
On August 23, 2024, OP Bancorp (the “Company”), the holding company for Open Bank (the “Bank”) issued a press release announcing certain matters relating to the planned retirement of its Chairman of the Board, Brian Choi; the expected retirement of its President and Chief Executive Officer, Min Kim, and Ms. Kim’s succession to Mr. Choi as Chair of the Board; and the selection of current Chief Credit Officer Sang Oh to succeed Ms. Kim as President and Chief Executive Officer. These retirements and the related succession plans are expected to begin at the date of the Company’s 2025 Annual Meeting of Shareholders and will be concluded not later than June 30, 2025. In connection therewith, Mr. Choi will not stand for reelection to the Board of Directors, and Mr. Oh will be nominated to fill the vacancy created by Mr. Choi’s retirement. A copy of the press release describing these events and providing additional information is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| 99.1 | Press release, dated August 23, 2024, of OP Bancorp | |
| 104 | Cover Page Interactive Data File (embedded within 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.
Date: August 23, 2024
| OP Bancorp | ||
| By: | /s/ Christine Oh | |
| Christine Oh | ||
| Executive Vice President and Chief Financial Officer | ||
| (Principal Financial Officer) | ||