From Earlier: Hanmi Financial Corporation Announces 1-for-8 Reverse Stock Split

Hanmi Financial Corporation

yesterday announced that it will implement a 1-for-8 reverse stock split for common shareholders of record on December 16, 2011. Hanmi filed an amendment to its Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect a 1-for-8 reverse stock split of its common stock, $0.001 par value per share. The reverse stock split, which was approved by Hanmi's stockholders at its annual meeting of stockholders held on August 17, 2011, will be effective with respect to stockholders of record as of the close of business on December 16, 2011. At the Effective Time, every eight (8) shares of Hanmi's pre-split common stock will automatically be consolidated into one (1) share of Hanmi's post-split common stock.