BANC OF CALIFORNIA, INC. (NYSE:BANC) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.
BANC OF CALIFORNIA, INC. (NYSE:BANC) Files An 8-K Submission of Matters to a Vote of Security Holders
On June 13, 2019, Banc of California, Inc. (the “Company”) held its 2019 Annual Meeting of Stockholders (the “2019 Annual Meeting”). As of April 15, 2019, the record date for the 2019 Annual Meeting, there were 50,365,106 shares of the Company’s voting common stock outstanding. The results of the items voted on at the 2019 Annual Meeting are as follows:
Proposal I>Election of the six Class I director nominees, each for a term of one year:
Proposal II>Ratification of the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2019:
Proposal III>An advisory (non-binding) vote to approve the compensation paid to our named executive officers, as disclosed in the Company’s proxy statement for the Annual Meeting:
Proposal IV>An advisory (non-binding) vote on the frequency of future advisory votes to approve the compensation paid to our named executive officers:
The Company’s Board of Directors has determined, in light of the results of the vote on this item, that the Company will hold an advisory vote on executive compensation every year until the next required vote on the frequency of advisory votes on executive compensation.
About BANC OF CALIFORNIA, INC. (NYSE:BANC)
Banc of California, Inc. provides banking services to California’s diverse businesses, entrepreneurs and homeowners. The Bank was formed through the merger of four of Southern California’s community banking franchises. The Bank offers a range of financial services to meet the banking and financial needs of the communities it serves, with operations conducted through over 100 banking offices across California and across the West. The Bank’s deposit product and service offerings include checking, savings, money market, certificates of deposit, retirement accounts, as well as online, telephone and mobile banking, automated bill payment, cash and treasury management, master demand accounts, foreign exchange, interest rate swaps, trust services, card payment services, remote and mobile deposit capture, Automated Clearing House (ACH) origination, wire transfer, direct deposit and safe deposit boxes.