OP Bancorp (OPBK) Proxy Filing summary

Executive summary

• The annual meeting is scheduled for June 26, 2025, at the company’s Los Angeles headquarters, with proxy materials distributed primarily via the internet and voting available by mail, phone, or online.

• Shareholders of record as of April 30, 2025, are eligible to vote on key proposals, including director elections, executive compensation, and auditor ratification.

• The board recommends voting for all director nominees, for executive compensation, for annual say-on-pay votes, and for the ratification of Crowe LLP as auditor.

Voting matters and shareholder proposals

• Proposals include electing seven directors for one-year terms, an advisory vote on 2024 executive compensation, an advisory vote on the frequency of say-on-pay votes, and ratification of Crowe LLP as auditor for 2025.

• Shareholders are encouraged to vote electronically or by mail, and may attend and vote in person with proper identification.

• Shareholder proposals for the 2026 meeting must be submitted by January 16, 2026, for inclusion in the proxy statement.

Board of directors and corporate governance

• Four of seven director nominees for 2025 are independent under Nasdaq rules; the board separates the roles of CEO and Chairman.

• The board has Audit, Human Resource & Compensation, Nomination & Governance, and Risk and Compliance Committees, all composed of independent directors.

• Board and committee meetings had full attendance in 2024; annual board and committee performance evaluations are conducted.

• Shareholders can communicate with the board via mail or email, with procedures in place for intake and review.

• Board diversity is considered broadly, including professional experience, education, and demographic factors.