Independent
Tenure on this board
19.4 yrs
8 nominees · 3 ballot items.
Vote to elect eight directors; a non-binding advisory vote to approve executive compensation; ratification of Crowe LLP as independent registered public accounting firm; and any other properly presented business.
Elect eight persons to the Company's Board of Directors to serve until the next Annual Meeting; nominees are Kijun Ahn, Daniel Cho, Haeyoung Cho, Janice Chung, Sang Young Lee, Hong Kyun “Daniel” Park, Don Rhee, and Henry Kim.
A non-binding, advisory vote to approve the compensation of the Company’s named executive officers as disclosed in the proxy statement.
This proposal asks shareholders to cast a non-binding advisory vote to approve the compensation paid to the Company’s named executive officers as disclosed in the proxy. Management seeks this vote to provide shareholders an opportunity to express their view on executive pay and to give the Compensation Committee guidance for future compensation decisions. The company describes a compensation program that combines base salary, annual bonuses tied to performance, and equity awards intended to align executives’ interests with long-term shareholder value. Management’s stated rationale is that the current mix of cash and equity rewards performance and retention while aligning incentives with corporate goals. Because the vote is advisory, it does not bind the Board, but the Board and Compensation Committee state they will consider the vote’s outcome when setting future pay. Company-specific context: the CEO has an employment agreement providing a formulaic bonus tied to pre-tax profit, and the company has used restricted stock awards and stock options as retention and alignment tools; pay is described as competitive within its peer group. Potential governance considerations include that the CEO’s employment agreement and equity grant practices (timing and vesting schedules) concentrate compensation decisions with management/board discretion, and shareholders may use the advisory vote to signal approval or concern. Given the company’s strong 2025 financial performance (record net interest income, increased assets, and improved tangible book value), management argues that compensation outcomes are supported by company results. Investors evaluating this proposal should weigh the alignment of pay with performance, the board’s responsiveness to shareholder feedback, and any pay-for-performance metrics disclosed in the proxy when deciding how to vote.
Ratify the appointment of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 4.07% | 579,793 | $13M |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 3.84% | 546,411 | $12M |
| 3 | BlackRock, Inc. | 3.32% | 472,713 | $11M |
| 4 | Rhino Investment Partners, Inc | 2.99% | 425,984 | $10M |
| 5 | LSV ASSET MANAGEMENT | 2.88% | 409,480 | $9M |
| 6 | ACADIAN ASSET MANAGEMENT LLC | 2.00% | 284,169 | $6M |
| 7 | BlackRock, Inc. | 1.76% | 251,039 | $6M |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 1.54% | 219,308 | $5M |
| 9 | STATE STREET CORP | 1.48% | 210,691 | $5M |
| 10 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 1.10% | 156,926 | $4M |
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