Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 18, 2020, Cathay General Bancorp (the "Company") held its Annual Meeting
of Stockholders at which the stockholders voted upon (i) the election of four
Class III directors to serve until the 2023 annual meeting of stockholders and
their successors have been elected and qualified, (ii) an advisory (non-binding)
resolution to approve the Company's executive compensation disclosed in the
proxy statement, (iii) an advisory (non-binding) proposal to vote on the
frequency of future advisory votes on executive compensation, and (iv) the
ratification of the appointment of KPMG LLP as the Company's independent
registered public accounting firm for the 2020 fiscal year.
The stockholders elected all four Class III director nominees, approved the
advisory (non-binding) resolution to approve the Company's executive
compensation disclosed in the proxy statement, stated a preference of every year
for the frequency of future advisory votes on executive compensation, and
ratified the appointment of KPMG LLP as the Company's independent registered
public accounting firm for the 2020 fiscal year. On the record date of April 1,
2020, there were 79,420,267 shares of the Company's common stock issued and
outstanding and entitled to vote at the annual meeting. The number of votes cast
for and against, as well as the number of abstentions and broker non-votes as to
each such matter voted upon, as applicable, are set forth below.
Election of Four Class III Directors
Broker
Nominee For Against Abstain Non-Votes
Nelson Chung 56,895,194 2,029,048 89,925 8,074,307
Felix S. Fernandez 58,676,032 218,127 120,008 8,074,307
Maan-Huei Hung 58,583,279 357,725 73,163 8,074,307
Richard Sun 58,696,088 249,146 68,933 8,074,307
Advisory (Non-Binding) Vote to Approve Our Executive Compensation
Broker
For Against Abstain Non-Votes
49,052,279 9,547,570 414,318 8,074,307
Advisory (Non-Binding) Vote on the Frequency of Future Advisory Votes on Our
Executive Compensation
Every Every Every Broker
Year Other Year Three Years Abstain Non-Votes
53,498,195 1,007,888 4,427,681 80,403 8,074,307
In accordance with the results for this item, the Company's Board of Directors
has determined to hold an advisory vote on executive compensation every year
until the next required vote on the frequency of such advisory vote, which will
be at the annual meeting of stockholders in 2026.
Proposal to Ratify the Appointment of KPMG LLP as Our Independent Registered
Public Accounting Firm for the 2020 Fiscal Year
Broker
For Against Abstain Non-Votes
65,607,218 1,430,896 50,360 N/A
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