opbk-20230323

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 30, 2023 (March 23, 2023)

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OP BANCORP

(Exact name of registrant as specified in its charter)

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California	001-38437	81-3114676
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1000 Wilshire Blvd., Suite 500, Los Angeles, CA		90017
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (213) 892-9999

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, no par value

OPBK

NASDAQ Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☒

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 23, 2023, the Nomination & Governance Committee (“Committee”) of the Board of Directors (“Board”) of OP Bancorp, a California corporation and registered bank holding company (“Registrant”) and of its wholly owned subsidiary, OP Bank, received notification from Directors Ock Hee Kim and Myung Ja (Susan) Park that they intend to retire and have declined to stand for reelection to the Board at the Registrant’s Annual Meeting of Shareholders presently scheduled to be convened on Thursday, June 22, 2023.

Each such Director has indicated that her resignation will be effective as of such date, and based upon the recommendation of the Committee, the Board has accepted such resignations as of such date. The relevant Directors’ retirements and decisions not to stand for reelection are without prejudice as to such Directors’ rights to indemnification and exculpation from liabilities arising as a result of their service in such capacities prior to their retirement date.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


	OP Bancorp

Dated: March 30, 2023	By:	/s/ Christine Oh
		Christine Oh
		Executive Vice President and Chief Financial Officer
		(Principal Financial Officer)