Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 93

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 93
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 a Say-on-Frequency vote. Under this proposal, our stockholders may cast a non-binding advisory vote on whether they would prefer to have a Say-on-Pay vote every year, every two years, or every three years.

Pursuant to the Dodd-Frank Act and the SEC’s implementing rules, we are required to present our stockholders with a Say-on-Frequency vote every six years. Our last Say-on-Frequency vote occurred in 2019, with the majority of our stockholders voting to hold an advisory Say-on-Pay vote every year. Based on the results of the 2019 Say-on-Frequency vote, our Board of Directors determined to hold a Say-on-Pay vote every year until the next required Say-on-Frequency vote at this year’s Annual Meeting.

After considering the practices by other companies in this area, the Board continues to believe that holding an advisory and non-binding vote on executive compensation every year is the optimal interval for conducting and responding to a Say-on-Pay vote.

Stockholders may cast a vote on the preferred frequency by selecting the option of every year, every two years, or every three years (or abstain) when voting.

Although this vote is non-binding, we highly value the opinions of our stockholders. Accordingly, the Board and CNG Committee will consider the outcome of this advisory vote in connection with holding future Say-on-Pay votes.

For the Annual Meeting, the advisory and non-binding Say-on-Frequency vote is expected to be presented as a resolution in substantially the following form:

RESOLVED , that the Company’s stockholders determine, on an advisory and non-binding basis, whether the preferred frequency of an advisory vote on the executive compensation of the Company’s Named Executive Officers as set forth in the Company’s proxy statement should be every year, every two years, or every three years.

| The Board of Directors recommends that stockholders vote 
 for a future Say-on-Pay Vote frequency of ONE YEAR.      |

#### 81Banc of CaliforniaAnnual Proxy Statement2025

#### Transactions with Related Persons

#### General
The Company and the Bank may engage in transactions with the Company’s directors and executive officers, beneficial owners of more than five percent of the outstanding shares of the Company’s voting common stock and certain persons related to them. Except for loans by the Bank, which are governed by a separate policy, those transactions that constitute transactions with related persons under Item 404 of the SEC’s Regulation S-K are subject to the review, oversight and approval by a Board committee