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Pacific Premier gets shareholder nod to increase authorized common shares

Irvine, Calif.-based Pacific Premier Bancorp Inc.'s shareholders voted in favor of increasing the number of authorized common shares to 150.0 million from 100.0 million.

Shareholders also approved proposals to remove the prohibition against stockholder action by written consent; to remove the limitation that only the company's board may call special meetings of stockholders; to permit the adoption, amendment or repeal of the company's amended and restated bylaws upon the affirmative vote of holders of at least a majority of the outstanding shares of capital stock entitled to vote; and to eliminate the requirement that a supermajority vote of holders of the outstanding shares of capital stock entitled to vote be required to amend or repeal certain provisions of the certificate of incorporation.