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BANC Banc of California

Employees

Data from SEC filings
Employee count
CEO pay ratio
CEO Salary
Median Employee Salary

ESG framework mentions

In last year of SEC filings
Sustainability Accounting Standards Board (SASB)
No mentions
Global Reporting Initiative (GRI)
No mentions
Task Force on Climate-related Financial Disclosures (TCFD)
No mentions
UN Sustainable Development Goals (SDGs)
No mentions

Shareholder alignment

Proxy contests and exempt solicitations in last 3 years
PX14A6G
BANC Banc of California Inc
4 May 20
Letter to shareholders
9:00am
Vote support at last AGM


On June 23, 2021, Banc of California, Inc. (“BOC”) held a special meeting of its stockholders (the “Special Meeting”). At the close of business on May 10, 2021, the record date for the Special Meeting, there were 50,174,678 shares of BOC voting common stock outstanding (the “Common Stock”). At the Special Meeting, the holders of 44,968,417 shares of BOC Common Stock were represented in person or by proxy, constituting a quorum.



At the Special Meeting, BOC stockholders voted on: (1) approval of the merger of Pacific Mercantile Bancorp, a California corporation (“PMB”), with and into BOC (the “merger”) pursuant to the terms of the Agreement and Plan of Merger, dated as of March 22, 2021, by and between BOC and PMB (the “BOC merger proposal”); and (2) the issuance of BOC common stock in connection with the merger (the “BOC stock issuance proposal”). The final voting results for each of the proposals voted upon at the Special Meeting, as certified by the inspector of the election, are set forth below. The proposals are described in further detail in the joint proxy statement/prospectus for the Special Meeting filed with the Securities and Exchange Commission on May 13, 2021.



Proposal I Approval of the merger pursuant to the Agreement and Plan of Merger, dated as of March 22, 2021, by and between BOC and PMB:




The vote required to approve the BOC merger proposal was the affirmative vote of a majority of outstanding shares of BOC Common Stock entitled to vote on the proposal. Accordingly, this proposal was approved by the following vote:




ForAgainstAbstain
44,831,69684,43352,288





Proposal II Approval of the issuance of BOC common stock in connection with the merger:




The vote required to approve this proposal was the affirmative vote of a majority of the votes cast on the proposal. Accordingly, this proposal was approved with the following vote:




ForAgainstAbstain
44,831,07587,76349,579





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