Central Pacific Financial Corp. (NYSE:CPF) Files An 8-K Submission of Matters to a Vote of Security Holders

Central Pacific Financial Corp. (NYSE:CPF) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders.

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In connection with the Annual Meeting of Shareholders of Central Pacific Financial Corp. (the “Company”) the shareholders of the Company cast an advisory vote on whether the advisory shareholder Say-On-Pay vote should occur every 1, 2 or 3 years. The results of the shareholder vote on the frequency of the advisory Say-On-Pay vote were as follows:

Every Year

Every 2 Years

Every 3 Years

Abstained

20,383,936

10,944

6,139,248

9,293

In light of the results of such shareholder vote, on July25, 2017, the Board of Directors of the Company adopted a resolution to hold an advisory shareholder Say-On-Pay vote on an annual basis.


About Central Pacific Financial Corp. (NYSE:CPF)

Central Pacific Financial Corp. serves as the bank holding company for its bank subsidiary, Central Pacific Bank (the bank). The Company’s segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and commercial real estate lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services, and the Company’s retail branch offices, which provide a range of deposit and loan products, as well as various other banking services. The Treasury segment is responsible for managing the Company’s investment securities portfolio and wholesale funding activities. The All Others segment includes activities, such as electronic banking, data processing and management of bank owned properties. The Company provides an array of loan products, including residential mortgage loans commercial and consumer loans and lines of credit commercial real estate loans and construction loans.

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