Heritage Oaks Bancorp (NASDAQ:HEOP) 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.
On March 27, 2017, Heritage Oaks Bancorp (the Company) held a
special meeting of shareholders to, among other things, consider
and vote upon the merger of the Company with and into Pacific
Premier Bancorp, Inc. (PPBI), with PPBI surviving the merger. The
issued and outstanding shares of stock of the Company entitled to
vote at the meeting consisted of 34,223,288 shares of common
stock outstanding on the record date, February 23, 2017.
The voting results for each proposal considered at the special
meeting are as follows:
Proposal No. 1: At the special meeting, the Companys shareholders
approved the Agreement and Plan of Reorganization, dated as of
December 12, 2016, by and between PPBI and the Company.
| For | Against | Abstaining | Broker Non-Votes |
| 29,478,182 | 118,787 | 27,689 |
Proposal No. 2: At the special meeting, the Companys shareholders
approved the advisory (non-binding) proposal on the compensation
that may be payable to the Companys named executive officers in
connection with the merger, and the agreements and understandings
to which such compensation may be paid or become payable.
| For | Against | Abstaining | Broker Non-Votes |
| 28,282,218 | 1,081,086 | 261,354 |
Item 8.01. Other Events.
On March 29, 2017, the Company issued a press release announcing
the results of the special meeting of shareholders. A copy of the
press release is filed herewith as Exhibit 99.1 and is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number
99.1 Press release, dated March 29, 2017.
About Heritage Oaks Bancorp (NASDAQ:HEOP)
Heritage Oaks Bancorp is the holding company for Heritage Oaks Bank (the Bank). The Bank offers traditional banking products, such as checking, savings, money market account and certificates of deposit, as well as mortgage loans and commercial and consumer loans to customers who are predominately small to medium-sized businesses (SMBs) and individuals. The Bank offers its products and services through approximately 10 retail branches located on the Central Coast of California, in San Luis Obispo and Santa Barbara Counties and through other direct channels, including a loan production office in Ventura County. The Bank offers to its commercial clients commercial loans secured by real estate, other commercial loans and lines of credit, agricultural loans, construction financing, other real estate loans, and small business administration (SBA) loans. For consumers, the Bank offers residential mortgages equity lines of credit and other consumer loans. Heritage Oaks Bancorp (NASDAQ:HEOP) Recent Trading Information
Heritage Oaks Bancorp (NASDAQ:HEOP) closed its last trading session up +0.07 at 12.95 with 66,372 shares trading hands.
