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AI brief of an SEC Form 8-K · Hope Bancorp (HOPE)

Hope Bancorp director Scott Whang to retire at 2026 annual meeting; board to shrink to nine

Neutral Impact 3 of 5 leadership Written later

Director Scott Yoon-Suk Whang notified the board on January 13, 2026, that he will retire at the 2026 Annual Meeting of Stockholders and will not stand for re-election; the board will be reduced to nine members. The company also amended and restated its bylaws on January 15, 2026, and amended its corporate governance guidelines, including added CEO succession planning guidelines and expanded Lead Independent Director duties, which shape how shareholders nominate directors and call meetings.

Key points

  • Scott Yoon-Suk Whang, a director since 2007, retires effective at the 2026 Annual Meeting; the filing says the decision was not due to any disagreement with the company
  • Board size to be reduced to nine directors in connection with the Annual Meeting
  • Bylaws amended and restated effective January 15, 2026, including a majority voting standard in uncontested elections and a requirement that stockholders request a record date before acting by consent or calling a special meeting
  • Board gains sole authority to fill vacancies; stockholders need a majority of voting power to amend the bylaws

The filing

CompanyHope Bancorp (HOPE)
Form8-K, current report
Filed with the SECJan 16, 2026, 4:13 PM ET
Accession number0001128361-26-000005

Items reported: 3.03 Change to Shareholder Rights5.02 Director / Officer Change5.03 Bylaw / Charter Amendment7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 16, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.