Cathay General Bancorp Holds Annual Meeting of Stockholders, Elects Directors and Approves Executive Compensation

Strategic Insights -

Cathay General Bancorp, a leading financial institution, recently held its Annual Meeting of Stockholders on May 16, 2022. The meeting was an opportunity for shareholders to vote on key matters, including the election of directors, executive compensation, and the appointment of the company's independent registered public accounting firm. The stockholders elected four Class II directors to serve until the 2025 annual meeting, approved the advisory non-binding resolution to approve the company's executive compensation, and ratified the appointment of KPMG LLP as the company's independent registered public accounting firm for the 2022 fiscal year.

Key Takeaways:

  • The meeting was attended by stockholders who voted to elect four Class II directors to serve until the 2025 annual meeting.
  • The stockholders also approved the advisory non-binding resolution to approve the company's executive compensation, with 99.98% of votes cast in favor.
  • The appointment of KPMG LLP as the company's independent registered public accounting firm for the 2022 fiscal year was ratified by the stockholders, with 98.63% of votes cast in favor.
  • The number of votes cast for and against each proposal, as well as the number of abstentions and broker non-votes, are detailed in the report.
  • The company's common stock had 75,078,258 shares issued and outstanding as of the record date of March 25, 2022.

Statistics:

  • 99.98% of votes cast in favor of the advisory non-binding resolution to approve the company's executive compensation.
  • 98.63% of votes cast in favor of the ratification of the appointment of KPMG LLP as the company's independent registered public accounting firm for the 2022 fiscal year.
  • 4 Class II directors elected to serve until the 2025 annual meeting.
  • 75,078,258 shares of the company's common stock issued and outstanding as of the record date of March 25, 2022.

Sources:

  • EDGAR Online via COMTEX
  • Cathay General Bancorp (Company)
  • Securities and Exchange Commission (SEC)