Business Context and Reporting Period
This Form 8-K filing by First PacTrust Bancorp, Inc. (not BANC OF CALIFORNIA, INC. as noted in metadata) reports on the 2012 Annual Meeting of Shareholders held on May 21, 2012. The filing details the voting results for director elections and executive compensation.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting outcomes.
Material Changes
No material financial changes are reported in this document. The primary event is the successful election of three directors and the approval of an advisory vote on executive compensation.
Guidance, Outlook, and Management Commentary
The filing contains no guidance, outlook, or management commentary regarding future financial performance. It strictly documents the procedural results of the shareholder meeting.
Important Facts for Investors to Verify
- Quorum Status: 5,260,944 shares were present, representing approximately 49.7% of the 10,592,625 voting shares entitled to vote.
- Director Elections: Chad T. Brownstein, Jeff Karish, and Gregory A. Mitchell were all elected with significant majorities of votes cast.
- Executive Compensation Vote: The advisory vote was approved with 3,540,768 votes for, 1,669,957 votes against, and 50,219 abstentions.
- Broker Non-Votes: There were zero broker non-votes recorded for either the director elections or the compensation proposal.