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): May 26, 2022

COMMUNITY WEST BANCSHARES
(Exact name of registrant as specified in its charter)

California
  
000-23575
  
77-0446957
(State or other jurisdiction of incorporation or organization)
  
(Commission File Number)
  
(I.R.S. Employer Identification No.)

445 Pine Avenue, Goleta, California
 
 93117
(Address of principal executive offices)
 
 (Zip code)

(805) 692-5821
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K 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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. ☐

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
CWBC
NASDAQ

Item 5.07
Submission of Matters to a Vote of Security Holders

The Company held its 2022 Annual Meeting of Shareholders (Meeting) on May 26, 2022, at La Cumbre Country Club, 4015 Via Laguna, Santa Barbara, CA 93110.  There were issued and outstanding and entitled to vote at the Annual Meeting 8,682,363 shares of common stock.  Represented in person or by proxy, were 5,810,451 shares of common stock of the Company.  The matters set forth below were voted upon:
 
Proposal No. 1 – Election of Directors
 
The election of thirteen nominees for the Board of Directors who will serve for a one-year term was voted on by the shareholders.  The Inspector of Elections certified the following vote tabulations for the nominees, all of whom were elected:
 
 
Votes For
Votes
Withheld
Non
Votes
       
Martin P. Alwin
4,947,754
10,618
852,079
Robert H. Bartlein
4,604,060
354,312
852,079
Dana L. Boutain
4,848,845
109,527
852,079
Suzanne M. Chadwick
4,852,828
105,544
852,079
Tom L. Dobyns
4,651,490
306,882
852,079
John D. Illgen
4,624,560
333,812
852,079
James W. Lokey
4,922,874
35,498
852,079
Shereef Moharram
4,722,939
235,433
852,079
William R. Peeples
4,576,060
382,312
852,079
Martin E. Plourd
4,919,074
39,298
852,079
Christopher R. Raffo
4,933,266
25,106
852,079
Kirk B. Stovesand
4,722,938
235,434
852,079
Celina L. Zacarias
4,844,481
113,891
852,079
 
Proposal No. 2 – Shareholder Advisory (Non-Binding) Vote on Executive Compensation
 
Inspector of Elections certified the following vote tabulations to approve, in a non-binding advisory vote, the compensation of the Company’s Name Executive Officers as disclosed in the Proxy Statement.
 
Votes For
Votes Against
Abstain
Non-Votes
4,638,746
133,589
186,037
852,079

Proposal No. 3 - Ratification of the Company’s Independent Auditors
 
The Inspector of Elections certified the following vote tabulations for the proposal to ratify the selection of RSM US LLP, which passed with more than the required number of “for” votes:
 
Votes For
Votes Against
Abstain
Non-Votes
5,801,894
323
8,234
0

SIGNATURES

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: May 27, 2022

COMMUNITY WEST BANCSHARES

By: /s/Richard Pimentel
 
Richard Pimentel
Executive Vice President and
Chief Financial Officer