- Amended Annual Report (10-K/A)
March 06 2009 - 6:03AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
(Amendment No. 2)
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Mark One
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ý
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ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended December 31, 2008
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or
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the transition period from
to
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Commission file number 000-24939
EAST WEST BANCORP, INC.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of incorporation or organization)
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95-4703316
(I.R.S. Employer Identification No.)
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135 North Los Robles Ave., 7
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Floor, Pasadena, California
(Address of principal executive offices)
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91101
(Zip Code)
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Registrant's telephone number, including area code:
(626) 768-6000
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Name of each exchange on which registered
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Common Stock, $0.001 Par Value
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NASDAQ "Global Select Market"
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Securities registered pursuant to Section 12(g) of the Act:
NONE
Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act. Yes
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No
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Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the
Act. Yes
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No
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Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that
the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes
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No
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Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 or Regulation S-K is not contained herein, and will not
be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of the Form 10-K or any amendment to
this Form 10-K.
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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filed, a non-accelerated filer, or a smaller reporting
company. See definitions of "large accelerated filer, "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
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Large accelerated filed
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Accelerated filer
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Non-accelerated filer
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Smaller reporting company
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Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act). Yes
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No
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The aggregate market value of the registrant's common stock held by non-affiliates is approximately $439,466,813 (based on the June 30, 2008
closing price of Common Stock of $7.06 per share).
As
of January 31, 2009, 63,745,261 shares of East West Bancorp, Inc. Common Stock were outstanding.
DOCUMENT INCORPORATED BY REFERENCE
Definitive
Proxy Statement for the Annual Meeting of Stockholders Part III
EXPLANATORY NOTE
This Amendment No. 2 on Form 10-K/A amends the Company's Annual Report on Form 10-K for
the year ended December 31, 2008, filed with the Securities and Exchange Commission on March 2, 2009. This Amendment is being filed solely to include Exhibit 12.1, which was
inadvertently omitted from the Annual Report.
In
addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, new certifications by our principal executive officer and principal
financial officer are filed as exhibits to this Form 10-K/A under Item 15 of Part IV hereof.
This
Amendment No. 2 on Form 10-K/A does not modify or update the disclosures set forth in the Original filing, including the financial statements and notes to
the financial statements set forth in the 2008 Form 10-K.
PART IV
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a)(1) Financial Statements
The following financial statements included in the registrant's 2008 Annual Report to Shareholders are included. Page number
references are to the 2008 Annual Report to Shareholders.
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Page
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East West Bancorp, Inc. and Subsidiaries:
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Report of Independent Registered Public Accounting Firm
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93
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Consolidated Balance Sheets at December 31, 2008 and 2007
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94
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Consolidated Statements of Operations for the Years Ended December 31, 2008, 2007 and 2006
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95
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Consolidated Statements of Changes in Stockholders' Equity for the Years Ended December 31, 2008, 2007 and 2006
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96
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Consolidated Statements of Cash Flows for the Years Ended December 31, 2008, 2007 and 2006
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97
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Notes to Consolidated Financial Statements
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98
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(a)(2) Financial Statement Schedules
Schedules have been omitted because they are not applicable, not material or because the information is included in the consolidated
financial statements or the notes thereto.
(a)(3) Exhibits
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Exhibit No.
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Exhibit Description
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3.1
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Certificate of Incorporation of the Registrant [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on September 17, 1998 (File No. 333-63605).]
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3.2
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Certificate of Amendment to Certificate of Incorporation of the Registrant [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2002 filed with the Commission
on March 28, 2003.]
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3.3
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Certificate of Amendment to Certificate of Incorporation of the Registrant [Incorporated by reference from Registrant's Exhibit A of the Registrant's Definitive Proxy Statement on Schedule 14A filed with the
Commission on April 24, 2008.]
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3.4
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Bylaws of the Registrant [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on September 17, 1998 (File No. 333-63605).]
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3.5
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Amended and Restated Bylaws of the Registrant dated May 29, 2008 [Incorporated by reference from Registrant's Current Report on Form 8-K, filed with the Commission on June 3, 2008.]
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3.6
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Certificate of Designations of 8.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series A, including Form of Series A Preferred Stock Certificate. [Incorporated by reference from Registrant's Current
Report on Form 8-K, filed with the Commission on April 30, 2008.]
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3.7
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Certificate of Designations of Fixed Rate Cumulative Perpetual Preferred Stock, Series B [Incorporated by reference from Registrant's Current Report on Form 8-K, filed with the Commission on December 9,
2008.]
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1
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4.1
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Specimen Common Stock Certificate of Registrant [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on September 17, 1998 (File No. 333-63605).]
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4.2
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Form of Certificate of the Registrant's 8.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series A [Incorporated by reference from Registrant's Current report on Form 8-K, filed with the Commission on
April 30, 2008.]
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4.3
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Form of Preferred Share Certificate for Fixed Rate Cumulative Perpetual Preferred Stock, Series B. [Incorporated by reference from Registrant's Current report on Form 8-K, filed with the Commission on
December 9, 2008.]
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4.4
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Warrant to purchase up to 3,035,109 shares of Common Stock [Incorporated by reference from Registrant's Current Report on Form 8-K, filed with the Commission on December 9, 2008.]
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10.1
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Employment Agreement with Dominic Ng+ [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on November 13, 1998 (File No. 333-63605).]
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10.2
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Employment Agreement with Julia Gouw+ [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on November 13, 1998 (File No. 333-63605).]
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10.5
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Employment Agreement with Douglas P. Krause+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11,
2005.]
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10.6.1
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East West Bancorp, Inc. 1998 Stock Incentive Plan and Forms of Agreements+ [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on November 13, 1998
(File No. 333-63605).]
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10.6.2
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Amended East West Bancorp, Inc. 1998 Stock Incentive Plan+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.6.3
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1998 Non-Qualified Stock Option Program for Employees and Independent Contractors+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.6.4
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Performance-Based Bonus Plan+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.6.5
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1999 Spirit of Ownership Restricted Stock Program+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.6.6
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2003 Directors' Restricted Stock Program+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.7
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East West Bancorp, Inc. 1998 Employee Stock Purchase Plan+ [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on November 13, 1998 (File
No. 333-63605).]
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10.8
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Employment Agreement with William J. Lewis+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11,
2005.]
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10.9.1
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Employment Agreement with Donald Sang Chow+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 1999 filed with the Commission on March 30,
2000.]
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10.9.2
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Amendment to Employment Agreement with Donald Sang Chow+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 1999 filed with the Commission on March 30,
2000.]
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10.9.3
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Amendment to Employment Agreement with Donald Sang Chow+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11,
2005.]
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2
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10.10
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Supplemental Executive Retirement Plans+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11, 2005.]
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10.11
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Employment Agreement with Wellington Chen+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11, 2005.]
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10.12
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Director Compensation%+
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10.13
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Named Executive Officer Compensation%+
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10.14
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Letter Agreement, dated December 5, 2008, including Securities Purchase AgreementStandard Terms incorporated by reference therein, by and between the Registrant and the United States Department of Treasury
[Incorporated by reference from Registrant's Current report on Form 8-K, filed with the Commission on December 9, 2008.]
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12.1
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Computation of Ratio of Earnings to Fixed Charges%
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21.1
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Subsidiaries of the Registrant%
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23.1
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Consent of Independent Registered Public Accounting Firm%
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31.1
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Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002%
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31.2
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Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002%
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32.1
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Chief Executive Officer Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant To Section 906 of the Sarbanes-Oxley Act of 2002%
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32.2
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Chief Financial Officer Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant To Section 906 of the Sarbanes-Oxley Act of 2002%
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Forms 8-K,
10-Q and 10-K identified in the exhibit index have SEC file number 000-24939.
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+
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Denotes management contract or compensatory plan or arrangement.
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%
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A copy of this exhibit is being filed with this Annual Report on Form 10-K.
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3
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this
report as amended by Amendment No. 2 to be signed on its behalf by the undersigned, thereunto duly authorized.
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Dated: March 5, 2009
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EAST WEST BANCORP INC.
(Registrant)
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By
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/s/ DOMINIC NG
Dominic Ng
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Chairman of the Board, President
and Chief Executive Officer
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4
EXHIBIT INDEX
To Amendment No. 2 to the Annual Report on Form 10-K/A
For the Year Ended December 31, 2008
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Exhibit No.
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Exhibit Description
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3.1
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Certificate of Incorporation of the Registrant [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on September 17, 1998 (File No. 333-63605).]
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3.2
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Certificate of Amendment to Certificate of Incorporation of the Registrant [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2002 filed with the Commission
on March 28, 2003.]
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3.3
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Certificate of Amendment to Certificate of Incorporation of the Registrant [Incorporated by reference from Registrant's Exhibit A of the Registrant's Definitive Proxy Statement on Schedule 14A filed with the
Commission on April 24, 2008.]
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3.4
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Bylaws of the Registrant [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on September 17, 1998 (File No. 333-63605).]
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3.5
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Amended and Restated Bylaws of the Registrant dated May 29, 2008 [Incorporated by reference from Registrant's Current Report on Form 8-K, filed with the Commission on June 3, 2008.]
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3.6
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Certificate of Designations of 8.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series A, including Form of Series A Preferred Stock Certificate. [Incorporated by reference from Registrant's Current
Report on Form 8-K, filed with the Commission on April 30, 2008.]
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3.7
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Certificate of Designations of Fixed Rate Cumulative Perpetual Preferred Stock, Series B [Incorporated by reference from Registrant's Current Report on Form 8-K, filed with the Commission on December 9,
2008.]
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4.1
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Specimen Common Stock Certificate of Registrant [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on September 17, 1998 (File No. 333-63605).]
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4.2
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Form of Certificate of the Registrant's 8.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series A [Incorporated by reference from Registrant's Current report on Form 8-K, filed with the Commission on
April 30, 2008.]
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4.3
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Form of Preferred Share Certificate for Fixed Rate Cumulative Perpetual Preferred Stock, Series B. [Incorporated by reference from Registrant's Current report on Form 8-K, filed with the Commission on
December 9, 2008.]
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4.4
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Warrant to purchase up to 3,035,109 shares of Common Stock [Incorporated by reference from Registrant's Current Report on Form 8-K, filed with the Commission on December 9, 2008.]
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10.1
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Employment Agreement with Dominic Ng+ [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on November 13, 1998 (File No. 333-63605).]
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10.2
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Employment Agreement with Julia Gouw+ [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on November 13, 1998 (File No. 333-63605).]
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10.5
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Employment Agreement with Douglas P. Krause+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11,
2005.]
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5
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Exhibit No.
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Exhibit Description
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10.6.1
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East West Bancorp, Inc. 1998 Stock Incentive Plan and Forms of Agreements+ [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on November 13, 1998
(File No. 333-63605).]
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10.6.2
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Amended East West Bancorp, Inc. 1998 Stock Incentive Plan+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.6.3
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1998 Non-Qualified Stock Option Program for Employees and Independent Contractors+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.6.4
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Performance-Based Bonus Plan+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.6.5
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1999 Spirit of Ownership Restricted Stock Program+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.6.6
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2003 Directors' Restricted Stock Program+ [Incorporated by reference from Registrant's Current Report on Form 8-K filed with the Commission on March 9, 2005.]
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10.7
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East West Bancorp, Inc. 1998 Employee Stock Purchase Plan+ [Incorporated by reference from Registrant's Registration Statement on Form S-4 filed with the Commission on November 13, 1998 (File
No. 333-63605).]
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10.8
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Employment Agreement with William J. Lewis+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11,
2005.]
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10.9.1
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Employment Agreement with Donald Sang Chow+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 1999 filed with the Commission on March 30,
2000.]
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10.9.2
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Amendment to Employment Agreement with Donald Sang Chow+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 1999 filed with the Commission on March 30,
2000.]
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10.9.3
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Amendment to Employment Agreement with Donald Sang Chow+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11,
2005.]
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10.10
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Supplemental Executive Retirement Plans+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11, 2005.]
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10.11
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Employment Agreement with Wellington Chen+ [Incorporated by reference from Registrant's Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Commission on March 11, 2005.]
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10.12
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Director Compensation%+
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10.13
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Named Executive Officer Compensation%+
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10.14
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Letter Agreement, dated December 5, 2008, including Securities Purchase AgreementStandard Terms incorporated by reference therein, by and between the Registrant and the United States Department of Treasury
[Incorporated by reference from Registrant's Current report on Form 8-K, filed with the Commission on December 9, 2008.]
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12.1
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Computation of Ratio of Earnings to Fixed Charges%
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21.1
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Subsidiaries of the Registrant%
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23.1
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Consent of Independent Registered Public Accounting Firm%
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31.1
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Chief Executive Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002%
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31.2
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Chief Financial Officer Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002%
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6
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Exhibit No.
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Exhibit Description
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32.1
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Chief Executive Officer Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant To Section 906 of the Sarbanes-Oxley Act of 2002%
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32.2
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Chief Financial Officer Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant To Section 906 of the Sarbanes-Oxley Act of 2002%
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Forms 8-K,
10-Q and 10-K identified in the exhibit index have SEC file number 000-24939.
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+
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Denotes management contract or compensatory plan or arrangement.
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%
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A copy of this exhibit is being filed with this Annual Report on Form 10-K.
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7
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