First Hawaiian Inc. Announces Board and Executive Changes
Ticker: FHB · Form: 8-K · Filed: Dec 26, 2024 · CIK: 36377
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: FHB
TL;DR
First Hawaiian just swapped some board members and tweaked exec pay. Keep an eye on this.
AI Summary
First Hawaiian, Inc. announced on December 20, 2024, changes to its board of directors and executive compensation. Specifically, the company elected new directors and appointed new officers, alongside adjustments to their compensatory arrangements. These changes are effective as of the reporting date.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing details routine corporate governance changes and executive compensation adjustments, which are common and typically do not represent significant new risks.
Key Players & Entities
- FIRST HAWAIIAN, INC. (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- December 20, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of new directors, but does not specify their names or the exact number of new appointments in the provided text.
Were there any changes to the executive officer positions?
Yes, the filing states the appointment of certain officers.
What is the effective date of these reported changes?
The earliest event reported is dated December 20, 2024.
What is the primary business of First Hawaiian, Inc.?
First Hawaiian, Inc. operates in the State Commercial Banks sector, SIC code 6022.
Where is First Hawaiian, Inc. headquartered?
The company's principal business address is 999 Bishop St., 29th Floor, Honolulu, Hawaii, 96813.
Filing Stats: 560 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-12-26 17:29:39
Key Financial Figures
- $0.01 — h registered: Common Stock, par value $0.01 per share FHB NASDAQ Global Select
Filing Documents
- tm2432033d1_8k.htm (8-K) — 26KB
- tm2432033d1_ex99-1.htm (EX-99.1) — 6KB
- tm2432033d1_ex99-1img01.jpg (GRAPHIC) — 3KB
- tm2432033d1_ex99-1img02.jpg (GRAPHIC) — 89KB
- 0001104659-24-131763.txt ( ) — 330KB
- fhb-20241220.xsd (EX-101.SCH) — 3KB
- fhb-20241220_lab.xml (EX-101.LAB) — 33KB
- fhb-20241220_pre.xml (EX-101.PRE) — 22KB
- tm2432033d1_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 20, 2024, Mr. Christopher L. Dods, Vice Chairman and Chief Operating Officer of First Hawaiian, Inc. (the "Company") and First Hawaiian Bank (the "Bank"), submitted his resignation from his positions with the Company and the Bank, effective March 31, 2025. For more information, reference is made to the Company's press release dated December 26, 2024, a copy of which is attached to this Report as Exhibit 99.1. Exhibit 99.1 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release issued by the Company, dated December 26, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document SIGNATURE 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. FIRST HAWAIIAN, INC. Date: December 26, 2024 By: /s/ Robert S. Harrison Name: Robert S. Harrison Title: Chairman of the Board, President and Chief Executive Officer