Unassociated Document
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
June
29, 2009
Date of
Report (date of earliest event reported)
EAST
WEST BANCORP, INC.
(Exact
name of registrant as specified in its charter)
Commission
file number 000-24939
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Delaware
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95-4703316
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(State
or Other Jurisdiction of Incorporation or Organization)
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(IRS
Employer Identification Number)
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135
N Los Robles Ave., 7th Floor, Pasadena, California 91101
(Address
of principal executive offices including zip code)
(626)
768-6000
(Registrant's
telephone number, including area code)
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):
o Written communications pursuant to Rule
425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
ITEM
3.02 Unregistered Sales of Equity Securities.
On June
29, 2009 and June 30, 2009, East West Bancorp, Inc. (the “Company”) entered into
agreements with certain shareholders (collectively, the “Shareholders”). Under
the terms of such agreements, the Company and the Shareholders agreed to an
exchange of 8,127,990 shares of the Company’s common stock for 90,311 shares of
the Company’s 8.00% Non-Cumulative Perpetual Convertible Preferred Stock, Series
A (the “Series A Preferred Stock”) held by the Shareholders. The shares are
expected to settle on or before July 10, 2009.
The
shares of the Company’s common stock that are being issued to the Shareholders
are being issued pursuant to the exemption set forth in Section 3(a)(9) of the
Securities Act of 1933, as amended, for securities exchanged by an issuer with
its existing security holders, exclusively, where no commission or other
remuneration is paid or given directly or indirectly for soliciting such
exchange.
Subsequent
to the settlement of the exchanges, the Company’s tangible common equity will
increase by $90.3 million.
SIGNATURE
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.
Date:
July 1, 2009
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EAST
WEST BANCORP, INC.
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By:
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/s/
Thomas J. Tolda
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Thomas
J. Tolda
Executive
Vice President,
Chief
Financial Officer
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