Good afternoon, ladies and gentlemen. I am Allan Kitagawa, Chairman of the Board, President, and Chief Executive Officer of Territorial Bancorp, Inc. It is my pleasure, on behalf of the Directors and Officers of Territorial Bancorp, Inc and Territorial Savings Bank, to extend to you a warm welcome and to express our appreciation to you for attending this meeting. Copies of the rules of conduct governing this meeting, as well as our proxy statement/ prospectus, are available at the bottom of this webpage. The principal business of this special meeting is to approve the merger agreement we have executed with Hope Bancorp, Inc and to approve other matters related to the merger agreement. If you are logged into this virtual meeting as a stockholder with your voting control number, you can vote on the proposals that are included in the proxy statement/ prospectus now and until the closing of the polls by clicking the Vote button on the webpage portal and following the instructions. The polls will now close after all proposals have been discussed. Please note that if you have already voted and do not wish to change your vote, it is not necessary to vote again. Additionally, if you logged into this virtual meeting as a stockholder with your voting control number, you may submit questions regarding the proposals to be voted on at this meeting by typing your questions in the box titled "Ask a Question" and clicking "Submit." I encourage you to include your name and contact information with the questions. If a question isn't germane to the business of the meeting, we may not address it at this meeting but will provide a response directly to the stockholder asking the question, if possible. At this time, I would like to present to you the Corporate Secretary of Territorial Bancorp, Inc, Vernon Hirata, who also serves as Vice Chairman, Co-Chief Operating Officer, and General Counsel. Mr. Hirata, has the notice of this meeting been sent to all stockholders entitled to vote at this meeting? Yes, Mr. Chairman. I have here an affidavit sworn to by myself and duly signed, stating that notice and an amended notice have been mailed to each stockholder as required under the bylaws. In addition, resolutions were adopted by the Board of Directors of Territorial Bancorp, providing for the meeting to be held at this time and place. The Board also fixed August 14, 2024, as the record date for determining shareholders entitled to notice of, and to vote at this special meeting. Thank you, Mr. Hirata. Please file a copy of the notice, the affidavit as to the mailing of notice, and the excerpt from the Board meeting setting the date and time of this meeting with the minutes of this meeting. Stephen Kwok, a representative of Kwok & Company, CPA, has been appointed the Inspector of Elections. The inspector's report will be attached to the minutes of the special meeting. The Secretary informed me that the records of the company show that there are 8,832,210 outstanding votes entitled to be cast at this special meeting, of which 4,416,106 represent the majority. The Secretary has previously delivered to the Inspector the list of stockholders and all proxies that have been received. The Secretary informed me that a majority of the total outstanding votes entitled to be cast at this special meeting are present in person or by proxy. The Inspector is making an exact count and will submit a formal report on the number of shares present or represented during the course of this special meeting. A quorum is declared present, subject to the confirmation of that fact by the Inspector of this report. Furthermore, on the basis of the report of the Corporate Secretary, I find that a proper notice has been given, and accordingly, this meeting has been properly convened. The polls for voting on all matters are hereby open at this time, 8:34 A.M. If you would like to vote and have logged into this virtual meeting as a stockholder with your voting control number, you may vote by clicking the Vote button on the webpage portal and follow the instructions. The polls will close after all proposals have been discussed. As I previously noted, if you have already voted and do not wish to change your vote, it is not necessary to vote again. Proxies solicited by the Board of Directors can be tallied at one time, even though they contain three matters for consideration. Similarly, the ballots that any one of you here seeks to cast electronically can be handled in the same way. Accordingly, I intend to introduce each matter separately. This special meeting, the business of this meeting, is limited to the three matters stated in the agenda. The first proposal we will consider today is the approval and adoption of the agreement and plan of merger by and between Hope Bancorp, Inc and Territorial Bancorp, Inc, dated as of April 26, 2024, as well as the approval of the transaction contemplated by the merger agreement, including the merger of the company into Hope Bancorp, Inc. A copy of the merger agreement is included as Annex A to the proxy statement/prospectus. Additional information concerning the merger agreement and the merger are contained in the proxy statement. The second proposal to be considered at this meeting is the non-binding approval of the compensation payable to our named executive officers in connection with the merger. Based on the votes we have received, we will not act upon the third proposal, which was the adjournment of the special meeting, if necessary or appropriate to permit further solicitation of proxies. Mr. Hirata, are there any questions that have been submitted by stockholders that are germane to the matters considered at this meeting? No, Mr. Chairman, there are no questions that have been submitted. At this point, the polls are now closed for voting. I see the vote tallied is complete. Mr. Hirata will now read the preliminary report of the Inspector of Elections. The preliminary report confirms that a quorum is and has been in attendance at the special meeting for all purposes. The preliminary report also shows that a majority of the shares of common stock outstanding have been voted in favor of the Merger Agreement and the Merger. In addition, the proposal to approve on a non-binding advisory basis of compensation payable to our named executive officers was approved by the stockholders. Final results will be reported throughout the current report on a Form 8-K filed with the Securities and Exchange Commission. The report of the Inspector of Election as presented is accepted. Mr. Hirata, please safeguard the ballots, proxies, and the oath and the certificate and report of the Inspector of Election and maintain them between the records of the company. I want to thank all of you for attending today's meeting and for the interest you have shown in the affairs of your company. This meeting is now adjourned. The meeting has now concluded. Thank you for joining. You may now disconnect.
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