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Hanmi Financial officially mandates chairman/CEO split

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Hanmi Financial officially mandates chairman/CEO split

on March 23amended and restated its bylaws, resulting in an official mandatory separationbetween company's chairman and CEO roles, among other things.

According toa Form 8-K filed March 29, the amendment mandates a separation between theboard's chairman and the CEO, "in line with long-held boardpractices." Separate positions were also created for president and CEO,while still allowing a single officer to take on both roles.

The companyalso extended the advance notice for proposed business and stockholder directornominations at annual meetings to 90-120 days, from the previous 60-90 days.