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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
Date of Report (Date of earliest event reported):
July 21, 2025
PACIFIC PREMIER BANCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
000-22193 |
|
33-0743196 |
(State or other jurisdiction |
|
(Commission |
|
(I.R.S. Employer |
of incorporation) |
|
File Number) |
|
Identification No.) |
17901 Von Karman Avenue, Suite 1200, Irvine, CA | |
92614 |
(Address of principal executive offices) | |
(Zip Code) |
Registrant’s
telephone number, including area code: (949) 864-8000
Not Applicable
(Former name or former address, if changed since
last report.)
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):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to
Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Stock, par value $0.01 per share |
PPBI |
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933(§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ¨
| ITEM 5.07. | Submission of Matters to a Vote of Security Holders. |
On July 21, 2025, Pacific Premier Bancorp, Inc.,
a Delaware corporation (the “Company”), held a special meeting of its stockholders (the “Special Meeting”) virtually
via live webcast to consider and vote upon (i) a proposal to adopt the Agreement and Plan of Merger, dated as of April 23,
2025, by and among the Company, Columbia Banking System, Inc., a Washington corporation (“Columbia”), and Balboa Merger
Sub, Inc. (“Merger Sub”), a Delaware corporation and wholly owned subsidiary of Columbia (the “Merger Agreement”),
pursuant to which Merger Sub will merge with and into the Company (the “Merger”), with the Company surviving the Merger,
and immediately following the Merger, the Company will merge with and into Columbia (the “Second Step Merger”), with Columbia
surviving the Second Step Merger (the “Merger Proposal”), (ii) a proposal to approve, on a non-binding advisory basis,
the merger-related compensation payments that will or may be paid to the named executive officers of the Company in connection with the
transactions contemplated by the Merger Agreement, (the “Compensation Proposal”) and (iii) a proposal to adjourn the
Special Meeting to a later date or dates, if necessary, to permit further solicitation of proxies if there are not sufficient votes at
the time of the Special Meeting to approve the merger agreement or to ensure that any supplement or amendment to the joint proxy statement/prospectus
is timely provided to holders of the Company’s common stock (the “Adjournment Proposal”). As described below, there
were sufficient shares of the Company’s common stock present in person or by proxy and voted at the Special Meeting in favor of
the Merger Proposal, and as a result, the Adjournment Proposal was not considered or voted upon at the Special Meeting. The following
are the voting results of the Special Meeting.
On June 12, 2025, the record date for the
Special Meeting, there were 97,024,664 shares of the Company’s common stock outstanding and entitled to vote. Stockholders holding
82,355,544 shares of Company common stock were present at the Special Meeting, in person or represented by proxy, constituting a quorum.
| 1. | The Merger Proposal was approved by the following votes: |
| For | | |
| Against | | |
| Abstain | |
| 82,005,248 | | |
| 166,070 | | |
| 184,226 | |
| 2. | The Compensation Proposal was not approved
by the following votes: |
| For | | |
| Against | | |
| Abstain | |
| 13,100,554 | | |
| 69,209,973 | | |
| 45,017 | |
ITEM 7.01 |
Regulation FD Disclosure. |
On July 21, 2025, the Company and Columbia
issued a joint press release announcing that, at their respective special meetings of the shareholders or stockholders, as applicable,
held on July 21, 2025, Columbia’s shareholders approved the issuance of shares of Columbia’s common stock in connection
with the Merger as merger consideration to the Company’s stockholders pursuant to the Merger Agreement, and the Company’s
stockholders approved the Merger Proposal. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K
and is incorporated by reference herein.
Information contained in this Item 7.01 of this
Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18
of the Securities Exchange Act of 1934, as amended, nor shall they be deemed incorporated by reference in any filing under the Securities
Act of 1933, as amended.
ITEM 9.01 |
Financial Statements and Exhibits. |
(d) Exhibits
| 99.1 | Joint Press Release, dated July 21, 2025 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XRBL document) |
SIGNATURES
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.
|
|
PACIFIC PREMIER BANCORP, INC. |
|
|
|
Dated: July 21, 2025 |
By: |
/s/ Steven R. Gardner |
|
|
Steven R. Gardner |
|
|
Chairman, President and Chief Executive Officer |