Hope Bancorp Inc.
03/20/2026 | Press release | Distributed by Public on 03/20/2026 14:16
Management Change/Compensation (Form 8-K)
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 19, 2026, David P. Malone, a member of the board of directors (the "Board") of Hope Bancorp, Inc. (the "Company"), notified the Company that he intends to retire from the Board effective as of the Company's 2026 Annual Meeting of Stockholders (the "Annual Meeting") and will therefore not stand for re-election to the Board at the Annual Meeting. Mr. Malone will continue to serve as a director and as chair of the Board Risk Committee until the completion of his term.
On March 19, 2026, Lisa K. Pai, a member of the Board of the Company, notified the Company that she intends to retire from the Board effective as of the Annual Meeting and will therefore not stand for re-election to the Board at the Annual Meeting. Ms. Pai will continue to serve as a director and as a member of the Board Risk Committee and Executive Committee until the completion of her term.
The decisions of Mr. Malone and Ms. Pai to retire from the Board were not the result, in whole or in part, of any disagreement relating to the Company's operations, policies or practices. The Company would like to thank Mr. Malone and Ms. Pai for their years of dedication and service to the Company.
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