Hope Bancorp, Inc. ($HOPE)
Earnings Call Transcript · May 21, 2026
Highlights from the call
The Hope Bancorp, Inc. 2026 Annual Meeting of Stockholders focused on formal business proceedings, including the election of directors and ratification of the accounting firm. No specific financial results or forward guidance were discussed during the meeting, which could limit immediate stock movement. The meeting confirmed the election of all nominated directors and ratified Crowe LLP as the independent accounting firm for fiscal year 2026.
Main topics
- Director Elections: All nine director nominees, including Kevin Kim and other independent directors, were elected to serve until the 2027 Annual Meeting. This reflects continuity in leadership and governance.
- Ratification of Accounting Firm: Crowe LLP was ratified as the independent registered public accounting firm for fiscal year 2026 with approximately 96.9% of the vote in favor.
- Executive Compensation Approval: The advisory vote on executive compensation was approved by approximately 89.4% of shares present, indicating strong shareholder support for current executive pay structures.
- Meeting Quorum: A quorum was established with approximately 88.5% of total shares outstanding represented, allowing the meeting to proceed with official business.
Key metrics mentioned
- Quorum Percentage: 88.5% (Quorum established for the meeting with 113,250,276 shares represented.)
- Director Election Approval: Majority (All director nominees received a majority of votes cast.)
- Accounting Firm Ratification: 96.9% (Crowe LLP ratified with 109,005,468 votes in favor.)
- Executive Compensation Approval: 89.4% (Advisory vote on executive compensation approved.)
The meeting was primarily procedural, with no new financial data or strategic guidance provided. Investors should watch for future announcements or earnings releases for updates on financial performance and strategic direction. The continuity in board leadership and strong shareholder support for executive compensation are positive signs, but lack of new information limits immediate impact on the investment thesis.
Earnings Call Speaker Segments
Operator
OperatorHello, and welcome to the Virtual 2026 Annual Meeting of Stockholders of Hope Bancorp, Inc. Please note that this meeting is being recorded. [Operator Instructions] It is now my pleasure to turn this meeting over to the company's Chairman, President and Chief Executive Officer, Mr. Kevin S. Kim. Mr. Kim, the floor is yours.
Kevin Kim
ExecutivesGood morning, fellow stockholders, ladies and gentlemen. It is my great pleasure to welcome you to the Hope Bancorp Inc. 2026 Annual Meeting of Stockholders. This year's annual meeting is being conducted slowly online via live webcast. Joining me today are our Chief Financial Officer, Ms. Julianna Balicka our General Counsel; Ms. Angelee Harris; and Mr. Maxime Olivan Senior Manager of Strategic Finance and Investor Relations. On behalf of my colleagues on the Board of Directors, I would like to thank our stockholders, customers, employees and the communities we serve for their continued trust and support over the years. Now let me begin by introducing our direct nominees. Mr. Dale Zuehls is our Lead Independent Director. Mr. Donald Bon is an independent director. Mr. Jin Ho du is an Independent Director. Ms. Daisy Ha is an independent director. Mr. Chun Yang Kim is our Deputy Lead Independent Director. Ms. Rachel Li is an independent director. Mr. Takai Nakajima is an independent director. Mr. Guido Saki is an independent director. All of these directors as well as myself, are standing for election to serve until our next annual meeting of stockholders. Mr. Scott unsung Mr. David Malone and Ms. Lisa Pai, our independent directors who are retiring from our Board effective as of our Annual Stockholders' Meeting today. We thank each of them for their valuable contributions and wish them all the best. Our Board of our director nominees represent a diverse group with broad background, experience and professional expertise that we believe strengthen the Board's oversight decision-making and risk management capabilities. As a Board, we remain committed to serving the best interest of the company and its stockholders. Today, Together with our executive management team, I am confident in our continued ability to advance the company's long-term success. I would also like to recognize Mr. Cliff Hong who is attending from Crowe LLP, our independent registered public accounting firm. It is now 10:34 a.m. Pacific Time and as Chairman, President and CEO of Hope Bancorp, I would now like to call the Hope Bancorp 2026 and Annual Meeting of Stockholders to order. At this point, I will ask Ms. Angelee Harris, who will serve as Secretary of this annual meeting to conduct the formal business of the meeting.
Angelee Harris
ExecutivesThank you, Chairman, Kim. Please be advised that following the formal business of the company's 2026 Annual Meeting of Stockholders, we will conduct a question and answer so as noted by the operator at the beginning of this meeting, may submit questions or comments at any time by clicking on the message icon. Mr. Maxime Olivan has been selected by the Board to serve as the Inspector of Election for the meeting. As such, Mr. Olivan will count and certify the votes cast by proxy or in person via the Internet for the purpose of quorum and voting. It is currently 10:35 a.m. Pacific. And I declare that the polls are now officially open. We will close the polls in a few minutes when all online votes cast have been received and counted. Most of you have already voted online or sent in your votes by proxy. If you have no intention to change your vote, no further action is required. If, however, you have not yet voted and wish to vote in person via the Internet at the meeting today, you may do so now by clicking on the link provided online. You must have logged in with your control number included in your notice or proxy card to cast your vote online. If you wish to change your vote, you may also may also do so by clicking on the link provided online. The list of stockholders entitled to vote at the meeting is available on the meeting site. The minutes of last year's annual meeting are available to any stockholder that wishes to inspect it. To obtain access to the minutes, please send an e-mail request to me at [email protected]. We have not received notice from any stockholders as required under our bylaws of any other matter that is required to be considered at today's meeting. Therefore, no other proposals may be properly introduced by stockholders at this meeting. It is now 10:36 a.m. Pacific Time, and the online polls for voting will now be closed. This meeting is being held pursuant to the call of the Board of Directors and the legal notice of the meeting, which was included as part of the notice of Internet availability of proxy materials and was delivered on or about April 10, 2026, along with the proxy card to each of our stockholders of record as of March 23, 2026, the record date for this year's annual meeting. A copy of the legal notice and the affidavit of mailing will be incorporated into the minutes of this meeting. All stockholders as of the meeting record date of March 23, 2026, are entitled to vote today. We now need to establish that there is a quorum to start this meeting. A quorum is established by the presence of the meeting, either by proxy or in person via the Internet of more than 50% of the outstanding shares. Mr. Olivan would you please report on the quorum?
Maxime Olivan
ExecutivesThank you, Ms. Harris. As the Inspector of Elections, I certify the following: the total number of outstanding shares as of March 23, 2026, and and entitled to vote at this annual meeting is 127,946,655 and the preliminary count of shares voting at this meeting, either in person via Internet or cast by proxy, is at least 113,250,276 shares representing approximately 88.5% of total shares outstanding and entitled to vote. Accordingly, we have a quorum for the transaction of business at today's meeting.
Angelee Harris
ExecutivesThank you. Next, we will proceed with voting on the repos that we described in the proxy statement. First proposal is the election of directors. The director nominees elected at this meeting will serve on the company's Board until the 2027 Annual Meeting of Stockholders and until their successors are duly elected and qualified. Mr. Olivan please report on the vote for this proposal.
Maxime Olivan
ExecutivesI certify that each of the following 9 directed nominees have each received a majority of the votes cast. Mr. Kevin Kim, Mr. Dale Jules, Mr. Donald Mr. Jinho Doo, Ms. Daisy Ha, Mr. Jun KanKan; Ms. Rachel Lee, Mr. TakakiNakajima; and Mr. Guido Saki Accordingly, all 9 directed nominees have been elected to the Board of Directors to serve until the 2027 Annual Meeting of Stockholders.
Angelee Harris
ExecutivesThank you, Mr. Olivan. The second proposal is the ratification of Crowe LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. The Mr. Olivan please report on the votes for this proposal.
Maxime Olivan
ExecutivesI certify, based on preliminary reports from a tabulating agent, we received $109 million 5,468 votes in favor of proposal 2, equaling approximately 96.9% of shares present and entitled to vote at this meeting. Accordingly, the selection of Crowe LLP has been ratified by the stockholders.
Angelee Harris
ExecutivesThank you, Mr. Olivan. The third proposal is an advisory and nonbinding approval of the compensation paid to our named executive officers as described in the proxy statement. Mr. Olivan please report on the vote for this proposal.
Maxime Olivan
ExecutivesI certify that based on preliminary reports from a tabulating agent, 95,908,343 shares approved proposal 3, equaling approximately 89.4% of shares present and entitled to vote at this meeting. Accordingly, -- the stockholders have provided an advisory and nonbinding vote approving the executive compensation as described in the proxy statement.
Angelee Harris
ExecutivesThank you, Mr. Olivan. As there is no further business to be brought before the meeting, we will now adjourn the Hope Bancorp 2026 Annual Meeting of Stockholders at 10:40 a.m. Now I would like to turn it back to our Chairman, President and CEO, Mr. Kevin Kim; and our Chief Financial Officer, Ms. Julianna Balicka for the question-and-answer session, which will be moderated by Mr. Maxime Olivan.
Maxime Olivan
ExecutivesThank you, Ms. Harris. If you're stockholders of Hope Bancorp, you may submit questions online by clicking on the Q&A tab in the upper right corner of the meeting center screen. We will wait just a moment for any questions. Okay. Chairman Kim, we have no questions submitted.
Kevin Kim
ExecutivesThank you, Mr. Olivan. Since there are no questions, I would like to again thank you for joining us today. for our 2026 Annual Meeting of Stockholders, and we look forward to seeing you at our next year's annual meeting.
Operator
OperatorThis concludes the Hope Bancorp 2026 Annual Meeting of Stockholders. You may now disconnect.
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