UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 6, 2024

TERRITORIAL BANCORP INC.
(Exact Name of Registrant as Specified in its Charter)

Maryland
001-34403
26-4674701
(State or Other Jurisdiction)
(Commission File No.)
(I.R.S. Employer
of Incorporation)
 
Identification No.)
     
1003 Bishop Street, Pauahi Tower Suite 500, Honolulu, Hawaii
 
96813
(Address of Principal Executive Offices)
 
(Zip Code)

Registrant’s telephone number, including area code: (808) 946-1400

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
 
Trading
Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.01 per share
 
TBNK
 
The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.07
Submission of Matters to a Vote of Security Holders

On November 6, 2024, Territorial Bancorp Inc. (“Territorial”) held a Special Meeting of Stockholders (the “Meeting”).  The matters considered and the votes cast with respect to each matter is set forth below.

PROPOSAL 1: to approve and adopt the Agreement and Plan of Merger, dated as of April 26, 2024 (the “Merger Agreement”), by and between Hope Bancorp, Inc. (“Hope”) and Territorial, and to approve the transactions contemplated by the Merger Agreement, including the merger (the “Merger”) of Territorial with and into Hope (collectively, the “Merger Proposal”)

Votes For
 
Votes Against
 
Votes Abstained
 
Broker Non-Votes
5,179,557
 
1,898,386
 
31,155
 

PROPOSAL 2: to approve a non-binding, advisory proposal to approve the compensation payable to the named executive officers of Territorial in connection with the Merger

Votes For
 
Votes Against
 
Votes Abstained
 
Broker Non-Votes
3,773,530
 
3,227,191
 
108,377
 

In connection with the Meeting, the Company also solicited proxies with respect to a proposal to adjourn the Meeting, if necessary or appropriate, to solicit additional proxies in the event there were insufficient at the time of the Meeting to approve the Merger Proposal, or to ensure that any supplement or amendment to the proxy statement/prospectus was timely provided to Territorial stockholders.  Because the stockholders approved the Merger Proposal at the Meeting, the adjournment proposal was not submitted to the stockholders.

Item 8.01
Other Events
On November 6, 2024, Territorial announced the results of the Meeting. A copy of the press release is attached as Exhibit 99 to this report.
Item 9.01
Financial Statements and Exhibits
(d)
Exhibits.

Exhibit No.
 
Description
     

     
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.


   
Territorial Bancorp Inc.
 
 
 
DATE:  November 7, 2024
By:  
 /s/ Melvin M. Miyamoto
   
Melvin M. Miyamoto, Executive Vice President and Chief Financial Officer