---
schema_version: "secwatch.filing_event.v1"
accession: "0000701347-22-000010"
form_type: "8-K/A"
ticker: "CPF"
cik: "0000701347"
company_name: "CENTRAL PACIFIC FINANCIAL CORP"
filed_at: "2022-01-28T23:59:59+00:00"
generated_at: "2026-06-27T14:26:10.787641+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Central Pacific Financial approves new compensation for promoted President/COO and CFO

## Summary
- Arnold Martines promoted to President and COO, effective Jan 1, 2022.
- David Morimoto promoted to Senior EVP and CFO, effective Jan 1, 2022.
- Martines: base $475k, annual bonus opportunity up to 65% of base, LTI grant up to 75% of base.
- Morimoto: base $450k, annual bonus opportunity up to 55% of base, LTI grant up to 70% of base.

## SEC filing metadata
- accession: 0000701347-22-000010
- form_type: 8-K/A
- ticker: CPF
- cik: 0000701347
- company_name: CENTRAL PACIFIC FINANCIAL CORP
- filed_at: 2022-01-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701347/000070134722000010/0000701347-22-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701347/000070134722000010/cpf-20211026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000701347-22-000010
- JSON: https://secwatch.observer/filing/0000701347-22-000010.json
- Plain text: https://secwatch.observer/filing/0000701347-22-000010.txt

## Key facts
- Executive change
  Arnold Martines changed role as President and Chief Operating Officer at CENTRAL PACIFIC FINANCIAL CORP.
  - Action: promoted
  - Role: President and Chief Operating Officer
  source text: approved the promotion of Arnold Martines to President and Chief Operating Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/701347/000070134722000010/0000701347-22-000010-index.htm
- Executive change
  David Morimoto changed role as Senior Executive Vice President and Chief Financial Officer at CENTRAL PACIFIC FINANCIAL CORP.
  - Action: promoted
  - Role: Senior Executive Vice President and Chief Financial Officer
  source text: and David Morimoto to Senior Executive Vice President and Chief Financial Officer
  evidence_url: https://www.sec.gov/Archives/edgar/data/701347/000070134722000010/0000701347-22-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.