BANK OF HAWAII CORPORATION (NYSE:BOH) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 (d)Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 25, 2019, the Board of Directors of Bank of Hawaii Corporation (the “Company”), in accordance with the provisions of the Company’s Certificate of Incorporation and By-Laws (the “Corporate Documents”), increased the authorized number of directors of the Company from 12 to the authorized number of 14. Further, in accordance with the provisions of the Corporate Documents, the Board of Directors of the Company elected John C. Erickson and Joshua D. Feldman to serve as independent directors of the Company in the newly created directorships resulting from the increase in the authorized number of directors from 12 to 14, to serve until the annual election of directors at the Company’s next annual shareholder meeting, subject to their earlier death, disqualification, resignation or removal. Mr. Erickson will serve as a member of the Company’s Nominating and Corporate Governance Committee and Audit and Risk Committee. Mr. Feldman will serve as a member of the Company’s Nominating and Corporate Governance Committee and Human Resources and Compensation Committee. Mr. Erickson and Mr. Feldman will participate in the existing director compensation and restricted stock program, pro-rated to reflect the remaining balance of the annual director term.
About BANK OF HAWAII CORPORATION (NYSE:BOH)
Bank of Hawaii Corporation is a bank holding company that operates through its subsidiary, Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Company operates through four business segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other. Its Retail Banking segment offers a range of financial products and services to consumers and small businesses. Its Commercial Banking segment offers products, including corporate banking, commercial real estate loans, commercial lease financing, auto dealer financing and deposit products. Its Investment Services segment offers private banking, trust services, investment management and institutional investment advisory services. The Company’s Treasury and Other segment consists of corporate asset and liability management activities, including interest rate risk management and a foreign currency exchange business.
