PacWest Bancorp (Nasdaq: PACW) (“PacWest” or the
“Company”), parent company of Pacific Western Bank, announced today
that due to the public health impact of the COVID-19 pandemic and
to support the health and well-being of stockholders and other
stakeholders, PacWest has changed the location of its Annual
Meeting of Stockholders (the “Annual Meeting”) to be held on May
12, 2020 at 1:30 pm Pacific Time. The Annual Meeting will now be
held virtually at
www.virtualshareholdermeeting.com/PACW2020 on May 12, 2020 at
1:30 pm Pacific Time.
Stockholders who vote their shares by proxy do not need to
attend the Annual Meeting.
Whether or not stockholders plan to attend the Annual Meeting,
PacWest urges all stockholders of record as of the record date,
March 16, 2020, to promptly submit their proxy by executing and
returning the proxy card previously mailed to them or by voting by
telephone or on the Internet by following the voting instructions
printed on their proxy card.
Further information regarding the Annual Meeting can be found in
the proxy statement and supplemental materials filed by PacWest
with the Securities and Exchange Commission on March 27, 2020 and
April 1, 2020. In addition, information about how stockholders of
record can be admitted to and participate in the Annual Meeting are
included in the Notice of Change of Location of Annual Meeting of
Stockholders to be Held on May 12, 2020 included below and filed
today with the Securities and Exchange Commission.
9701 Wilshire Boulevard,
Suite 700Beverly Hills, California
90212
ADDITIONAL INFORMATION REGARDING THE
ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON TUESDAY, MAY 12,
2020
The following Notice of Change of Location relates to the proxy
statement (the “Proxy Statement”) of PacWest Bancorp (the
“Company”), dated March 27, 2020, in connection with the
solicitation of proxies by the Board of Directors of the Company
for use at the Annual Meeting of Stockholders to be held on
Tuesday, May 12, 2020. These definitive additional materials
are being filed with the Securities and Exchange Commission and are
being made available to stockholders on or about April 23, 2020
PLEASE READ THIS NOTICE CAREFULLY IN CONJUNCTION WITH
THE PROXY STATEMENT.
NOTICE OF CHANGE OF LOCATION OF ANNUAL
MEETING OF STOCKHOLDERS TO BE HELD ON MAY 12,
2020
To the Stockholders of PacWest Bancorp:
NOTICE IS HEREBY GIVEN that, due to the public health impact of
the coronavirus (COVID-19) pandemic, recommendations and orders
from federal and California authorities, and to support the health
and well-being of our stockholders, associates, directors and
vendors, the location of the 2020 Annual Meeting of Stockholders
(the “Annual Meeting”) of PacWest Bancorp (the “Company”) has been
changed. The previously announced date and time of the Annual
Meeting (Tuesday, May 12, 2020 at 1:30 p.m., Pacific Time) will not
change. The Annual Meeting will be held solely by remote
communication, in a virtual only format. You will not
be able to physically attend the Annual Meeting.
As described in the Annual Meeting proxy materials previously
filed with the Securities and Exchange Commission and posted on the
Internet (the “proxy materials”), stockholders of record of our
common stock as of the close of business on March 16, 2020, the
record date, are entitled to participate in the Annual
Meeting. To be admitted to and participate in the virtual
Annual Meeting, please visit
www.virtualshareholdermeeting.com/PACW2020 on May 12, 2020 at
1:30 pm Pacific Time and login by entering the control number found
on your Notice Regarding Internet Availability of Proxy Materials,
proxy card, or on the voting instruction form that you previously
received. Once admitted, you may submit questions or vote
during the Annual Meeting by following the instructions that will
be available on the meeting website.
It is important that you read the proxy materials and we
encourage you to vote your common stock promptly in advance of the
Annual Meeting by one of the methods described in the proxy
materials. The proxy card included with the proxy materials
will not be updated to reflect the change in location. If you
received a hard copy of the proxy card, you may continue to use the
proxy card to vote your common stock in connection with the Annual
Meeting. Stockholders who have sent in proxies, or voted via
telephone or internet, do not need to take any further action.
It is important that you vote promptly. Whether or not you
plan to attend the virtual Annual Meeting, we urge you to vote and
submit your proxy before the Annual Meeting, please vote your
common shares via the toll-free telephone number listed on the
proxy card, the internet or by mail.
By Order of the Board of Directors,
Kori OgroskyExecutive Vice President, General Counsel and
SecretaryApril 23, 2020
Important Notice Regarding the Availability of Proxy
Materials for the Annual Meeting to be Held on May 12, 2020 at 1:30
p.m. Pacific Time: Our Proxy Statement, along with our Annual
Report on Form 10-K for the fiscal year ended December 31, 2019,
are available on our investor relations site at
http://www.pacwestbancorp.com/FinancialDocs.
You may also access our proxy materials at
www.proxyvote.com.
ABOUT PACWEST BANCORP
PacWest Bancorp is a bank holding company with over $26 billion
in assets headquartered in Los Angeles, California, with executive
offices in Denver, Colorado with one wholly-owned banking
subsidiary, Pacific Western Bank (the “Bank”). The Bank has 74
full-service branches located in California, one branch located in
Durham, North Carolina, and one branch located in Denver, Colorado.
The Bank provides community banking products including lending and
comprehensive deposit and treasury management services to small and
medium-sized businesses conducted primarily through our
California-based branch offices and Denver, Colorado branch office.
The Bank offers national lending products including asset-based,
equipment, and real estate loans and treasury management services
to established middle market businesses on a national basis. The
Bank also offers venture banking products including a comprehensive
suite of financial services focused on entrepreneurial or
venture-backed businesses and their venture capital and private
equity investors, with offices located in key innovative hubs
across the United States. For more information about PacWest
Bancorp or Pacific Western Bank, visit www.pacwest.com.
Contact: |
|
Matthew P. WagnerPresident and CEO |
|
Patrick J. RusnakExecutive Vice President and CFO |
Phone: |
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310-887-8520 |
|
714-989-4705 |
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