COMMUNITY WEST BANCSHARES (NASDAQ:CWBC) 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.
|
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Company) Current Report on Form 8-K filed with the U.S.
Securities and Exchange Commission on May 26, 2017, at the 2017
Annual Meeting of Shareholders of Community West Bancshares held
on May 25, 2017 (the Annual Meeting), the shareholders of the
Company duly approved an amendment to the Community West
Bancshares 2014 Stock Option Plan (the Amended 2014 Plan) to
increase the number of shares of common stock, no par value per
share (the Common Stock) reserved for issuance under the Amended
2014 Plan, and the number of shares of Common Stock for which
options may be granted, by 250,000 to an aggregate of 750,000. A
summary of the Amended 2014 Plan is set forth under the heading
PROPOSAL 3 – AMENDMENT OF THE 2014 STOCK OPTION PLAN TO INCREASE
THE NUMBER OF AVAILABLE SHARES in the Companys definitive proxy
statement for the Annual Meeting filed with the Securities and
Exchange Commission on April 10, 2017 (as amended on April 13,
2017, the 2017 Proxy Statement), and is incorporated herein by
reference. The summary of the Amended 2014 Plan is qualified in
its entirety by reference to the full text of Amended 2014 Plan,
as amended and restated, which is attached hereto as Exhibit 10.1
and is incorporated herein by reference.
| Item 9.01. |
Financial Statements and Exhibits.
|
|
(d)
|
Exhibits.
|
| 10.1 |
Community West Bancshares 2014 Stock Option Plan, as
amended and restated effective May 25, 2017. |
About COMMUNITY WEST BANCSHARES (NASDAQ:CWBC)
Community West Bancshares is a bank holding company. The Company provides full-service banking through its subsidiary, Community West Bank, N.A. (the Bank). Through the Bank, the Company provides a range of financial products and services to customers, including lending and deposit products. The Company focuses on professionals, small to mid-sized businesses and individual households. Relationship banking is conducted at the community level through approximately five branch offices in the cities of Goleta, Santa Barbara, Santa Maria, Ventura and Westlake Village, California and a loan production office in San Luis Obispo. The Company’s products and services include deposit products, such as checking accounts, savings accounts, money market accounts and fixed rate, fixed maturity certificates of deposits, and lending products, including commercial loans, commercial real estate loans and consumer loans. COMMUNITY WEST BANCSHARES (NASDAQ:CWBC) Recent Trading Information
COMMUNITY WEST BANCSHARES (NASDAQ:CWBC) closed its last trading session 00.00 at 10.15 with 4,661 shares trading hands.
