OP Bancorp 8-K

What Happened
OP Bancorp (the holding company for Open Bank) filed an 8‑K reporting the results of its May 28, 2026 annual meeting of shareholders. With 11,517,297 shares represented (77.33% of outstanding), shareholders elected all seven director nominees for one‑year terms, approved (on a non‑binding basis) the 2025 compensation of named executive officers, and ratified Crowe LLP as the company’s independent registered public accounting firm for 2026. The proposals were described in the company’s definitive proxy filed April 16, 2026.

Key Details

• 11,517,297 shares were represented at the meeting, equal to 77.33% of shares outstanding.
• All seven nominees were elected; example vote counts include Sang K. Oh (9,877,129 For; 102,771 Withheld) and Hyung J. Kim (9,298,322 For; 681,578 Withheld). Broker non‑votes totaled 1,537,397.
• Advisory vote on executive compensation (Proposal 2): 9,617,976 For; 286,108 Against; 75,816 Abstain (plus 1,537,397 broker non‑votes).
• Ratification of auditor (Proposal 3): Crowe LLP approved with 11,410,721 For; 43,574 Against; 63,002 Abstain.

Why It Matters
The meeting confirms board continuity (all nominees elected) and shareholder support for the company’s governance and financial reporting team. The advisory “say‑on‑pay” vote passed, signaling majority shareholder approval of 2025 executive compensation (though it is non‑binding). Ratifying Crowe LLP maintains the company’s auditor relationship for 2026, which affects oversight of financial statements and audit continuity.