UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
May 10, 2011
Date of Report (Date of earliest event reported)
PACWEST BANCORP
(Exact name of registrant as specified in its charter)
|
Delaware |
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00-30747 |
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33-0885320 |
10250 Constellation Blvd., Suite 1640
Los Angeles, CA 90067
(Address of principal executive offices and zip code)
(310) 286-1144
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c))
Item 5.07. Submission of Matters to a Vote of Security Holders.
On May 10, 2011, PacWest Bancorp (the “Company”) held its annual meeting of stockholders. The Company’s stockholders approved each of the four proposals detailed in the Company’s 2011 Proxy Statement as follows:
Proposal 1
The election of the Company’s directors for the annual term expiring in 2012:
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For |
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Withhold |
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Broker |
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1. |
Election of Directors: |
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Mark N. Baker |
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29,179,923 |
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340,384 |
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3,065,935 |
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Craig C. Carlson |
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29,176,989 |
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343,318 |
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3,065,935 |
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Stephen M. Dunn |
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24,996,188 |
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4,524,119 |
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3,065,935 |
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|
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John M. Eggemeyer |
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21,571,499 |
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7,948,808 |
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3,065,935 |
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|
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Barry C. Fitzpatrick |
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24,995,062 |
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4,525,245 |
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3,065,935 |
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George E. Langley |
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27,963,401 |
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1,556,906 |
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3,065,935 |
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|
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Susan E. Lester |
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29,181,155 |
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339,152 |
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3,065,935 |
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|
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Timothy B. Matz |
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24,994,066 |
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4,526,241 |
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3,065,935 |
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|
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Arnold W. Messer |
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24,994,634 |
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4,525,673 |
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3,065,935 |
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|
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Daniel B. Platt |
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29,041,565 |
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478,742 |
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3,065,935 |
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|
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John W. Rose |
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28,744,166 |
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776,141 |
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3,065,935 |
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|
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Robert A. Stine |
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24,612,779 |
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4,907,528 |
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3,065,935 |
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Matthew P. Wagner |
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28,070,227 |
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1,450,080 |
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3,065,935 |
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Proposal 2
Ratification of the selection of KPMG, LLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2011:
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For |
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Against |
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Abstain |
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Broker Non-Vote |
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|
|
|
|
|
|
|
|
|
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31,912,632 |
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414,546 |
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259,064 |
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0 |
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Proposal 3
Advisory vote on Executive Compensation:
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For |
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Against |
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Abstain |
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Broker Non-Vote |
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|
|
|
|
|
|
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19,261,023 |
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10,108,375 |
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150,909 |
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3,065,935 |
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Proposal 4
Advisory vote on the frequency of future advisory votes on Executive Compensation:
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1 Year |
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2 Years |
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3 Years |
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Abstain |
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Broker Non-Vote |
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|
|
|
|
|
|
|
|
|
|
|
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15,881,622 |
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384,319 |
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13,058,049 |
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196,317 |
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3,065,935 |
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The Board will evaluate the results of such non-binding advisory vote regarding the frequency of future non-binding advisory votes on executive compensation at a future meeting and make a determination as to whether the Company will submit future non-binding advisory votes on executive compensation for consideration by shareholders every one, two or three years. The Company will amend this Current Report on Form 8-K to provide information regarding such determination.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PACWEST BANCORP | |
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May 13, 2011 |
By: |
/s/ Lynn M. Hopkins |
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Lynn M. Hopkins |
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Executive Vice President and Corporate Secretary |