Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when HOPE files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsHope Bancorp extends CEO Kevin Kim's employment agreement through 2031
Filed August 25, 2026 · Period ending August 24, 2026 · ~1 min read
Key Changes
-
medium
CEO Kevin Kim's employment agreement extended with initial term ending August 31, 2031, and automatic renewals capped at August 31, 2033, providing up to seven years of executive leadership continuity.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
medium
Extension modifies Kim's Fourth Amended and Restated Employment Agreement from April 2022, maintaining his roles as President and CEO of Hope Bancorp and CEO of Bank of Hope.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
Summary
Hope Bancorp extended CEO Kevin Kim's employment agreement, setting a new initial term through August 31, 2031, with automatic renewals capped at August 31, 2033. The extension provides investors with clarity on executive leadership stability, locking in Kim's tenure for at least five years and potentially up to seven years. Kim has served as President and CEO of Hope Bancorp and CEO of Bank of Hope under his original agreement dated April 2022.
The extension is a routine governance matter that signals the board's confidence in Kim's leadership and provides continuity for the company's strategic direction. For retail investors, CEO tenure stability can reduce execution risk, though the filing does not disclose any changes to compensation terms or performance metrics tied to the extension.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On August 24, 2026, Hope Bancorp, Inc. (the “Company”) and Bank of Hope (the “Bank”) entered into an Extension of Employment Agreement (the “Extension”) with Mr. Kevin S. Kim, which extends the term of that certain Fourth Amended and Restated Employment Agreement by and among the Company, the Bank and Mr. Kim dated April 22, 2022 (the “Employment Agreement”), pursuant to which Mr. Kim will continue to serve as the President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank.
Hope Bancorp extended the employment agreement of Kevin Kim, who serves as President and CEO of the Company and CEO of Bank of Hope. The extension modifies the original agreement dated April 22, 2022, ensuring continuity in executive leadership.
Added in current filing · verify on EDGAR →
The Extension amends Section 7.01 of the Employment Agreement to provide that both (i) the Initial Term of the Employment Agreement (as such term is defined therein) will end (unless sooner terminated pursuant to the Employment Agreement) on August 31, 2031; and (ii) the Term of the Employment Agreement (as such term is defined therein) shall not be extended pursuant to the automatic renewal terms of the Employment Agreement beyond August 31, 2033.
The extension sets a new initial term ending August 31, 2031, and establishes a hard cap on any automatic renewals at August 31, 2033. This provides approximately five years of guaranteed CEO tenure with a maximum of seven years, giving investors clarity on executive leadership stability through 2033.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Aug 26, 2026 · How we verify