Form 8-K - Current report
19 Julio 2024 - 1:35PM
Edgar (US Regulatory)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report |
July 19, 2024 |
(Date of earliest event reported) |
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BANK OF HAWAII CORPORATION
(Exact name of registrant as specified in its charter)
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|
|
Delaware |
1-6887 |
99-0148992 |
(State of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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130 Merchant Street |
Honolulu |
Hawaii |
96813 |
(Address of principal executive offices) |
(City) |
(State) |
(Zip Code) |
(888) 643-3888
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Common Stock, par value $0.01 per share |
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BOH |
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New York Stock Exchange |
Depository Shares, Each Representing 1/40th Interest in a Share of 4.375% Fixed Rate Non-Cumulative Preferred Stock, Series A |
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BOH.PRA |
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New York Stock Exchange |
Depository Shares, Each Representing 1/40th Interest in a Share of 8.000% Fixed Rate Non-Cumulative Preferred Stock, Series B |
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BOH.PRB |
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New York Stock Exchange |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 19, 2024, Peter S. Ho, Chairman, President and CEO of Bank of Hawaii Corporation (the “Company”) relinquished the title of President of the Company and, at the same time, the Board of Directors of the Company promoted Vice Chair and Chief Banking Officer James C. Polk to President of the Company. Mr. Ho will continue to serve as Chairman and Chief Executive Officer of the Company, and Mr. Polk will continue to report to Mr. Ho. In addition to his current responsibility overseeing Commercial Banking, Cash Management, Merchant Services and Wealth Management, Mr. Polk will now have executive oversight for Retail Banking, as well as Branch Banking and Contact Center, making him now responsible for all of the Company’s revenue-generating businesses.
Mr. Polk, age 58, joined the Company in 1999 and for the last 25 years has held a variety of leadership roles, including overseeing Commercial Banking, Consumer Banking, Retail Lending & Deposit Products, and the Company’s West Pacific Region. In 2016, he was promoted to Vice Chair, and became Chief Banking Officer in 2021.
In connection with his promotion, Mr. Polk’s annual salary has been increased to $570,000 and he was awarded a long-term, performance-based restricted stock unit award of $500,000.
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 hereunto duly authorized.
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Date: July 19, 2024 |
Bank of Hawaii Corporation |
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By: |
/s/ Patrick M. McGuirk |
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Patrick M. McGuirk |
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Vice Chair and Chief Administrative Officer |
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Jul. 19, 2024 |
Document And Entity Information [Line Items] |
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Document Type |
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Document Period End Date |
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Entity Registrant Name |
BANK OF HAWAII CORPORATION
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Entity Incorporation State Country Code |
DE
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Entity File Number |
1-6887
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Entity Tax Identification Number |
99-0148992
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Entity Address Address Line1 |
130 Merchant Street
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Entity Address City Or Town |
Honolulu
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Entity Address State Or Province |
HI
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Entity Address Postal Zip Code |
96813
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City Area Code |
888
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Local Phone Number |
643-3888
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Document And Entity Information [Line Items] |
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Security 12b Title |
Common Stock, par value $0.01 per share
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Trading Symbol |
BOH
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Security Exchange Name |
NYSE
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Depository Shares, Each Representing 1/40th Interest in a Share of 4.375% Fixed Rate Non-Cumulative Preferred Stock, Series A [Member] |
|
Document And Entity Information [Line Items] |
|
Security 12b Title |
Depository Shares, Each Representing 1/40th Interest in a Share of 4.375% Fixed Rate Non-Cumulative Preferred Stock, Series A
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Trading Symbol |
BOH.PRA
|
Security Exchange Name |
NYSE
|
Depository Shares, Each Representing 1/40th Interest in a Share of 8.000% Fixed Rate Non-Cumulative Preferred Stock, Series B [Member] |
|
Document And Entity Information [Line Items] |
|
Security 12b Title |
Depository Shares, Each Representing 1/40th Interest in a Share of 8.000% Fixed Rate Non-Cumulative Preferred Stock, Series B
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Trading Symbol |
BOH.PRB
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Bank of Hawaii (NYSE:BOH)
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De Jun 2024 a Jul 2024
Bank of Hawaii (NYSE:BOH)
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