Hanmi Financial (HAFC) Proxy Filing summary

Executive summary

• Achieved net income of $62.2 million in 2024, with a 16% increase in C&I loans and 2.5% deposit growth.

• Opened a Representative Office in Seoul, South Korea, and consolidated three branches to optimize the network.

• Maintained excellent asset quality, increased quarterly dividend by 8% in Q1 2025, and funded 25% of a $7.5 million CRA commitment.

• Invested in technology, including a new loan origination system and expanded digital account opening platforms.

Voting matters and shareholder proposals

• Election of eleven directors for terms expiring at the 2026 Annual Meeting.

• Advisory vote to approve executive compensation (Say-on-Pay).

• Approval of an amendment to limit officer liability as permitted by Delaware law.

• Ratification of Crowe LLP as independent auditor for 2025.

Board of directors and corporate governance

• Board consists of eleven directors, majority independent, with diverse backgrounds and skills.

• Four standing committees: Audit, Compensation and Human Resources (CHR), Nominating and Corporate Governance (NCG), and Risk, Compliance and Planning (RCP).

• Board leadership structure separates Chairman and CEO roles; annual elections for accountability.

• Board diversity includes four women and seven directors of Asian descent.