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, 2014
WILSHIRE BANCORP, INC.
(Exact name of registrant as specified in its charter)
California | | 000-50923 | | 20-0711133 |
(State or other jurisdiction
of incorporation) | | (Commission File Number) | | (IRS Employer
Identification No.) |
3200 Wilshire Boulevard, Los Angeles,
California 90010 |
(Address of principal executive offices) (Zip Code) |
(213) 387-3200 |
(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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
The Company held its 2014 Annual Meeting of Shareholders on Wednesday, May 28, 2014. At the 2014 Annual Meeting, the shareholders of the Company voted upon the following proposals:
1. To elect three directors assigned to Class I of the Board of Directors of Wilshire Bancorp for three year terms expiring at the 2017 Annual Meeting of Shareholders or until their successors are duly elected and qualified;
2. A non-binding, advisory proposal on the compensation of Wilshire Bancorp’s executive officers; and
3. To ratify the Board of Directors’ selection of Crowe Horwath LLP as Wilshire Bancorp’s independent registered public accounting firm for the fiscal year ending December 31, 2014.
As of April 8, 2014, the record date for the 2014 Annual Meeting, there were 78,247,026 shares of the Company’s common stock outstanding and entitled to vote at the 2014 Annual Meeting. Shareholders holding 68,649,982 shares were present at the meeting, in person or represented by proxy. Set forth below are the final voting results on each matter submitted to a vote of the Company’s shareholders.
At the 2014 Annual Meeting, each of the individuals nominated by the Board of Directors to serve as a Class I director of the Company was duly elected by the Company’s shareholders, and the final results of the votes cast with respect to the four Class I director nominees were as follows:
| | For | | Withheld | | Broker Non-Vote |
| | | | | | |
Donald Byun | | 54,867,402 | | 553,509 | | 13,229,071 |
Lawrence Jeon | | 54,867,702 | | 553,209 | | 13,229,071 |
Steven Koh | | 55,233,202 | | 187,709 | | 13,229,071 |
At the 2014 Annual Meeting, the shareholders approved the non-binding advisory proposal on the compensation of the Company’s executive officers, with 54,241,997 shares voting for the proposal, 1,093,755 shares voting against the proposal, 85,159 shares abstaining, and 13,229,071 broker non-votes.
At the 2014 Annual Meeting, the shareholders ratified the Board of Directors’ selection of Crowe Horwath LLP as Wilshire Bancorp’s independent registered public accounting firm for the fiscal year ending December 31, 2014 with 68,139,170 shares voting for the ratification, 509,402 shares voting against the ratification, and 1,410 shares abstaining. There were no broker non-votes.
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.
| WILSHIRE BANCORP, INC. |
| | |
| | |
Date: May 29, 2014 | By: | /s/ Alex Ko | |
| | Alex Ko, Executive Vice President, Chief Financial Officer | |
