defa14a
 

SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE
SECURITIES EXCHANGE ACT OF 1934

(AMENDMENT NO.___)

Filed by the Registrant x

Filed by a Party other than the Registrant o

Check the appropriate box:

     
o   Preliminary Proxy Statement
o   Definitive Proxy Statement
o   Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
x   Definitive Additional Materials
o   Soliciting Material Pursuant to §240.14a-12

 

CVB Financial Corp.

(Name of Registrant as Specified In Its Charter)

 

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

         
x   Fee not required.
o   Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
    (1)   Title of each class of securities to which transaction applies:
    (2)   Aggregate number of securities to which transaction applies:
    (3)   Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
    (4)   Proposed maximum aggregate value of transaction:
    (5)   Total fee paid:
o   Fee paid previously with preliminary materials.
o   Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
    (1)   Amount Previously Paid:
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CVB FINANCIAL CORP.
701 North Haven Avenue, Suite 350
Ontario, California 91764
(909) 980-4030
April 28, 2006
Dear Shareholder:
     You were recently sent a proxy statement dated April 13, 2006 for CVB Financial Corp. relating to our annual meeting of shareholders to be held on May 17, 2006. Since mailing the proxy statement, we have determined that a typographical error was contained in the summary compensation table relating to our President’s bonus compensation for 2004. This information was correctly reported in our proxy statement for our 2005 annual meeting. Accordingly, we are providing you with the corrected information which should replace the Summary Compensation Table appearing on page 13 of the proxy statement.

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SUMMARY COMPENSATION TABLE
                                                 
                                    Long-Term    
                                    Compensation    
            Annual Compensation   Awards    
                            Other Annual           All Other
Name and Principal Position   Year   Salary($)   Bonus($)   Compensation($)(1)   Options(2)(#)   Compensation($)(3)
D. LINN WILEY
     2005       518,366       616,875       13,202       —       16,800  
President and Chief Executive Officer of the Company and
     2004       500,271       725,000       9,308       78,125       16,400  
Citizens Business Bank
     2003       438,420       248,566       10,957       —       16,000  
EDWARD J. BIEBRICH, Jr.
     2005       242,346       140,875       5,689       —       16,800  
Chief Financial Officer of the Company and Executive Vice
     2004       233,539       170,375       7,176       31,250       16,400  
President/Chief Financial Officer of Citizens Business Bank
     2003       192,311       87,001       3,307       —       16,000  
FRANK BASIRICO
     2005       242,346       140,875       13,356       —       16,800  
Former Executive Vice President and Senior Loan Officer of
     2004       233,088       170,375       12,874       31,250       16,400  
Citizens Business Bank
     2003       203,811       80,393       9,536       —       16,000  
JAY W. COLEMAN
     2005       242,346       140,875       11,422       —       16,800  
Executive Vice President of Sales and Service Division of
     2004       234,138       170,375       7,882       31,250       16,400  
Citizens Business Bank
     2003       196,404       77,265       8,113       —       16,000  
R. SCOTT RACUSIN
     2005       116,923       15,000       8,408       15,625       16,800  
Executive Vice President of the Financial Advisory
     2004       —                                  
Service Group of Citizens Business Bank
     2003       —                                  
EDWIN POMPLUN
     2005       164,204       39,600       9,633       —       16,800  
Former Executive Vice President and Trust Division Manager
     2004       166,432       46,170       9,068       1,562       15,894  
of Citizens Business Bank
     2003       170,323       31,590       7,871       —       14,782  
 
(1)   The amount of the aggregate of the other annual compensation did not exceed the lesser of $50,000 or 10% of the total of annual salary and bonus for the named executive officer. For each named executive officer, other annual compensation related to the use of Citizens Business Bank owned automobiles and, for Messrs. Wiley and Coleman, country club dues.
 
(2)   Represents stock options we granted, retroactively adjusted, as appropriate, for the five- for- four stock split effective in January 2006, for the five- for- four stock split effective in December 2004 and the 10% stock dividend distributed in January 2004.
 
(3)   Represents amounts Citizens Business Bank contributed to the 401(k) and Profit Sharing Plan and allocated to the named executives’ vested or unvested account under such plan.

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The foregoing information should be read in conjunction with the proxy statement, and you should the consider the proxy statement to be amended to the extent set forth in this communication. You may revoke your proxy in the manner described on page 2 of the proxy statement or by any subsequent submission of your proxy by mail as described in the proxy statement. Also, any shareholder attending the annual meeting in person may vote in person even if he or she has returned a proxy.
Sincerely,
 
 
Myrna DiSanto
Corporate Secretary

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