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WIBC > SEC Filings for WIBC > Form 8-K/A on 5-Aug-2013All Recent SEC Filings

Show all filings for WILSHIRE BANCORP INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K/A for WILSHIRE BANCORP INC


5-Aug-2013

Change in Directors or Principal Officers


ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF
DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATION ARRANGEMENTS OF CERTAIN OFFICERS

On June 25, 2013, Jack Choi, Chief Credit Officer of Wilshire Bancorp, Inc. (the "Company"), notified the Company that he is resigning his position with the Company, effective July 1, 2013. Mr. Choi will continue to fulfill his duties as Chief Credit Officer through the effective date of his resignation. Mr. Choi will be leaving to become President and Chief Executive Officer of another bank and his departure is not due to any disagreements with the Company.

Mr. Peter Koh, age 36, has been promoted from Deputy Chief Credit Officer to Chief Credit Officer also effective on July 1, 2013. Mr. Koh has been with the Company since 2001 and over the last five years has held the positions of Planning Manager, Chief Credit Review Officer, Interim Chief Credit Officer, and Deputy Chief Credit Officer. Mr. Koh graduated with a Master of Business Administration from the University of Southern California and also holds a Bachelor of Arts from Columbia University. The Board has increased Mr. Koh's salary to $200,000 in connection with his appointment, effective August 1, 2013, but the other terms of Mr. Koh's employment remain the same as before his appointment as Chief Credit Officer. Lastly, Peter Koh is the son of the Steven Koh, who currently serves as Chairman of the Board of Directors.

Except for the change in salary of Mr. Koh reported above, the Company has not entered into any material plans, contracts or arrangements, or amended any existing plans, contracts or arrangements, with Mr. Choi or Mr. Koh as a result of the events reported herein.

The Company's press release related to Peter Koh's promotion to Chief Credit Officer and Jack Choi's resignation from Wilshire Bancorp has been filed as Exhibit 99.1 to the Original 8-K and is incorporated by reference herein.


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.

WILSHIRE BANCORP, INC.

Date: August 5, 2013 By: /s/ Alex Ko Alex Ko, Executive Vice President, Chief Financial Officer


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