Hope Bancorp (HOPE) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for May 22, 2025, to be held virtually, with voting on three key proposals: election of 11 directors, ratification of Crowe LLP as auditor, and advisory approval of 2024 executive compensation.

• 2024 highlights include improved deposit base, reduced brokered deposits, loan growth in residential mortgage and SBA loans, and completion of the Territorial Bancorp acquisition, expanding into Hawaii.

• Strong capital ratios and liquidity position the company for future growth and resilience against macroeconomic volatility.

Voting matters and shareholder proposals

• Proposals include: (1) election of 11 director nominees for one-year terms, (2) ratification of Crowe LLP as independent auditor for 2025, and (3) advisory vote on 2024 executive compensation.

• Board recommends voting FOR all proposals.

• Shareholders can vote online, by phone, mail, or during the virtual meeting.

Board of directors and corporate governance

• Board consists of 12 directors, with 11 standing for re-election; 9 of 11 nominees are independent.

• Board committees (Audit, Compensation, Nomination) are 100% independent.

• Annual board and committee evaluations, proxy access, right to call special meetings, and mandatory resignation policy for directors not receiving majority votes.

• Equity ownership guidelines require non-employee directors to own shares equal to 3x annual retainer; all comply except new appointee within grace period.

• Board leadership includes a Lead Independent Director and Deputy Lead Independent Director, with recent appointments to support succession planning.