OP Bancorp (OPBK) Proxy filing summary

Executive summary

• The 2026 Annual Meeting will be held on May 28, 2026, at the company's Los Angeles headquarters, with proxy materials distributed primarily via the internet and voting available online, by phone, or by mail.

• Shareholders of record as of April 2, 2026, are eligible to vote on the election of seven directors, an advisory say-on-pay vote, and the ratification of the external auditor.

• The proxy statement includes detailed information on board structure, executive compensation, governance, and shareholder rights.

Voting matters and shareholder proposals

• Shareholders will vote to elect seven directors for one-year terms, approve 2025 executive compensation on an advisory basis, and ratify Crowe LLP as the independent auditor for 2026.

• No shareholder proposals were submitted for this meeting; other business may be transacted as appropriate.

• Shareholder proposals for the 2027 meeting must be submitted between January 31 and March 2, 2027, to be considered.

Board of directors and corporate governance

• The board consists of seven members, four of whom are independent under Nasdaq rules.

• Directors are elected annually, and the board encourages but does not require attendance at annual meetings.

• The board maintains four standing committees: Audit, Human Resources & Compensation, Nomination & Governance, and Risk & Compliance, all composed of independent directors.

• The roles of Chairperson and CEO are separated to enhance oversight and mitigate conflicts.

• The Nomination & Governance Committee considers diversity, experience, and integrity in director nominations.