UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2017
Commission File Number: 000-53445
KB Financial Group Inc.
(Translation of registrants name into English)
84, Namdaemoon-ro,
Jung-gu, Seoul 04534, Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrants home country), or under the rules of the home country exchange on which the registrants securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrants security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
Notice regarding the Convocation of Extraordinary General Meeting of Shareholders
On October 31, 2017, KB Financial Group Inc. (KB Financial Group) furnished a public notice regarding the convocation of its extraordinary general meeting of shareholders to be held on November 20, 2017.
The agenda items for the extraordinary general meeting of shareholders to be held on November 20, 2017 are currently being distributed to shareholders of KB Financial Group for their reference as they exercise their voting rights.
Meeting Description
Date and Time: |
Monday, November 20, 2017, 10:00 A.M. local time | |
Venue: |
Fourth Floor Auditorium, Kookmin Bank, 26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul, Korea |
Agenda
1) | Appointment of an executive director |
- Executive director candidate: Mr. Jong Kyoo Yoon
2) | Appointment of a non-standing director |
- Non-standing director candidate: Mr. Yin Hur
3) | Appointment of a non-executive director (proposed by the Labor Union of Kookmin Bank and others)* |
- Non-executive director candidate: Mr. Seung Soo Ha
4) | Amendment of the Articles of Incorporation (proposed by the Labor Union of Kookmin Bank and others)* |
* | Shareholders proposal from the Labor Union of Kookmin Bank, a chapter of the Korean Financial Industry Union, and others |
Details of the Agenda for Extraordinary General Meeting of Shareholders
Agendum 1. Appointment of an executive director
Nominee for Executive Director
Name (Date of Birth) |
Main |
Career |
Nominating |
Business |
Term | |||||
Jong Kyoo Yoon (Re-appointment) (10/13/1955) |
Chairman & CEO, KB Financial Group President & CEO, Kookmin Bank |
Chairman & CEO, KB Financial Group President & CEO, Kookmin Bank Deputy President, Chief Financial Officer and Chief Risk Officer, KB Financial Group Senior Advisor, Kim & Chang Senior Executive Vice President and Head of Retail Banking Group, Kookmin Bank Senior Executive Vice President, Chief Financial Officer and Chief Strategy Officer, Kookmin Bank Senior Partner, Samil Accounting Corporation |
Board of Directors (Extended Corporate Governance Committee) | None | 3 years |
Agendum 2. Appointment of a non-standing director
Nominee for Non-standing Director
Name (Date of Birth) |
Main |
Career |
Nominating |
Business |
Term of | |||||
Yin Hur (New appointment) (12/19/1961) |
Senior Executive Vice President, Sales Group, Kookmin Bank |
Senior Executive Vice President, Sales Group, Kookmin Bank Senior Managing Director, Strategy & Finance Planning Group Managing Director, Credit Analysis Division, Kookmin Bank General Manager, Samsung Town Corporate Banking Branch, Kookmin Bank General Manager, Shinrim Nambu Branch, Kookmin Bank General Manager, Dongbu Corporate Banking Branch, Kookmin Bank |
Board of Directors | None | * |
* | The term of office of Mr. Yin Hur will expire on the date of 11th annual general meeting of shareholders, which is expected to be held in March 2019. |
Agendum 3. Appointment of a non-executive director (proposed by the Labor Union of Kookmin Bank and others)
Nominee for Non-executive Director
Name (Date of Birth) |
Main Position |
Career |
Nominating |
Business |
Term of | |||||
Seung Soo Ha (New appointment) (12/13/1968) |
Lawyer |
Co-head, Solidarity for Proportional Democracy (Current) Steering Committee Member, the Center for Freedom of Information and Transparent Society (Current) Director, Pressian Cooperative (Current) Associate professor, Jeju National University Law School Head, the Center for Freedom of Information and Transparent Society Lawyer, Certified Public Accountant |
Shareholders Proposal (by the Labor Union of Kookmin Bank and others) |
None | 2 years |
Agendum 4. Amendment of the Articles of Incorporation (proposed by the Labor Union of Kookmin Bank and others)
The following table sets forth a summary of the proposed amendments to the Articles of Incorporation:
Current |
Proposed Amendment |
Reasons for | ||
Article 48 (Committees)
(1) (Omitted)
1. Risk Management Committee;
2. Evaluation and Compensation Committee;
3. Non-executive Director Nominating Committee;
4. Audit Committee Member Nominating Committee;
5. Corporate Governance Committee; and
6. Audit Committee
(2) (Omitted)
(3) (Omitted)
(4) (Newly added) |
Article 48 (Committees)
(1) (Omitted)
1. Risk Management Committee;
2. Evaluation and Compensation Committee;
3. Non-executive Director Nominating Committee;
4. Audit Committee Member Nominating Committee;
5. Corporate Governance Committee; and
6. Audit Committee
(2) (Omitted)
(3) (Omitted)
(4) The chief executive officer shall not be a member of the committees set forth in paragraph (1) above and the chairperson of each committee set forth in Items 3 to 5 of paragraph (1) above shall be the non-executive director who is the chairman of the board of directors. |
Shareholders proposal (by the Labor Union of Kookmin Bank and others) |
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, thereunto duly authorized.
KB Financial Group Inc. | ||||||
(Registrant) | ||||||
Date: October 31, 2017 |
By: | /s/ Jae Keun Lee | ||||
(Signature) | ||||||
Name: | Jae Keun Lee | |||||
Title: | Managing Director and Chief Financial Officer |