CATHAY GENERAL BANCORP (NASDAQ:CATY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On February 16, 2017, Mr. Patrick S.D. Lee notified the Boards of
Directors of Cathay General Bancorp (the Company) and Cathay Bank
that he intends to retire as a director and as the lead
independent director of the Company and as a director of Cathay
Bank. Therefore, he will not seek re-election at the 2017 Annual
Meeting of Stockholders of the Company (the 2017 Annual Meeting).
His decision to retire and not stand for re-election was not the
result of any disagreement between the Company and Mr. Lee on any
matter relating to the Companys operations, policies or
practices. Mr. Lees current term as a director and the lead
independent director of the Company will expire at the 2017
Annual Meeting.
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Item 5.03 |
Amendments to Articles of Incorporation or Bylaws; |
On February 16, 2017, the Board of Directors of the Company (the
Board) approved and adopted the Amended and Restated Bylaws of
the Company in substantially the form attached hereto as Exhibit
3.1. The Amended and Restated Bylaws amended Article V, Section 3
and Section 5, of the previously adopted Amended and Restated
Bylaws of the Company. The purpose of the amendments is to change
which officer shall preside at meetings of the stockholders.
The description of the amendments is qualified in its entirety by
reference to the full text of the Amended and Restated Bylaws,
which is attached hereto as Exhibit 3.1 and incorporated herein
by reference.
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Item 9.01 |
Financial Statements and Exhibits. |
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(d) |
Exhibits |
| 3.1Amended and Restated Bylaws of Cathay General Bancorp |
About CATHAY GENERAL BANCORP (NASDAQ:CATY)
Cathay General Bancorp is a bank holding company. The Company holds Cathay Bank, a California state-chartered commercial bank (the Bank); approximately seven limited partnerships investing in affordable housing investments, in which the Bank is the sole limited partner; GBC Venture Capital, Inc, and Asia Realty Corp. It also owns the common stock of over five statutory business trusts created for issuing capital securities. The Bank primarily services individuals, professionals and small to medium-sized businesses in the local markets and provides commercial mortgage loans, commercial loans, small business administration (SBA) loans, residential mortgage loans, real estate construction loans, home equity lines of credit and installment loans to individuals for automobile, household and other consumer expenditures. The Bank offers passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. CATHAY GENERAL BANCORP (NASDAQ:CATY) Recent Trading Information
CATHAY GENERAL BANCORP (NASDAQ:CATY) closed its last trading session up +0.38 at 39.42 with 510,797 shares trading hands.