Business Context and Reporting Period
This Form 8-K was filed by Nara Bancorp, Inc. on July 6, 2011. The report details a material definitive agreement regarding the company's merger with Center Financial Corporation.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate transaction amendment.
Material Changes
On July 6, 2011, Nara Bancorp, Inc. and Center Financial Corporation executed a second amendment to their Agreement and Plan of Merger (originally dated December 9, 2010, and first amended on April 13, 2011). The amendment revised Section 7.1(c) concerning termination rights:
- Eliminated the July 31, 2011 date as a threshold for delivering notice of termination.
- Established November 30, 2011, as the sole date after which either party may deliver notice of termination.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or discussion of risks and contingencies beyond the specific terms of the merger amendment. No unusual items were reported.
Investor Verification Checklist
- Verify the full text of Amendment No. 2 to the Agreement and Plan of Merger (Exhibit 2.1).
- Confirm the current status of the merger between Nara Bancorp, Inc. and Center Financial Corporation.
- Review prior filings for the original merger terms and the first amendment dated April 13, 2011.