Central Pacific Financial appoints Arnold Martines as President & CEO, effective Jan 1, 2023.

CENTRAL PACIFIC FINANCIAL CORP

Arnold Martines will become President & CEO of CPF and Central Pacific Bank; base salary $635,000.
Current CEO Paul Yonamine becomes Chairman Emeritus; receives $450,000 annually for one year.
Catherine Ngo becomes Chair of both boards; receives $250,000 annually for one year.
CFO David Morimoto base salary set at $490,000; eligible for target 75% incentive compensation.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Paul Yonamine

Chairman Emeritus

CPF · CENTRAL PACIFIC FINANCIAL CORP

Effective: 2023-01-01
Filed: October 26, 2022, 7:59 PM ET

Concurrent with Mr. Martines’ promotion effective January 1, 2023, (i) Mr. Paul Yonamine will be leaving his executive position as Chairman and Chief Executive Officer of the Company and Executive Chairman of the Bank but will remain on the Boards of Directors of the Company and the Bank as Chairman Emeritus

Role change

Arnold Martines

President and Chief Executive Officer

CPF · CENTRAL PACIFIC FINANCIAL CORP

Effective: 2023-01-01
Filed: October 26, 2022, 7:59 PM ET

On October 20, 2022, the Boards of Directors of Central Pacific Financial Corp. (the “ Company ”) and Central Pacific Bank (the “ Bank ”) approved the appointment of Arnold Martines, 58, as President and Chief Executive Officer of the Company and the Bank effective January 1, 2023.

Role change

A. Catherine Ngo

Chair of the Board

CPF · CENTRAL PACIFIC FINANCIAL CORP

Effective: 2023-01-01
Filed: October 26, 2022, 7:59 PM ET

Ms. A. Catherine Ngo will be leaving her executive position as Executive Vice Chair of the Company and the Bank but will remain on the Boards of Directors of the Company and the Bank as the new Chair.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Yonamine was appointed as Chairman Emeritus at CENTRAL PACIFIC FINANCIAL CORP.

Action: appointed
Role: Chairman Emeritus

Exact text from the filing

Concurrent with Mr. Martines’ promotion effective January 1, 2023, (i) Mr. Paul Yonamine will be leaving his executive position as Chairman and Chief Executive Officer of the Company and Executive Chairman of the Bank but will remain on the Boards of Directors of the Company and the Bank as Chairman Emeritus

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Arnold Martines was appointed as President and Chief Executive Officer at CENTRAL PACIFIC FINANCIAL CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On October 20, 2022, the Boards of Directors of Central Pacific Financial Corp. (the “ Company ”) and Central Pacific Bank (the “ Bank ”) approved the appointment of Arnold Martines, 58, as President and Chief Executive Officer of the Company and the Bank effective January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

A. Catherine Ngo was appointed as Chair of the Board at CENTRAL PACIFIC FINANCIAL CORP.

Action: appointed
Role: Chair of the Board

Exact text from the filing

Ms. A. Catherine Ngo will be leaving her executive position as Executive Vice Chair of the Company and the Bank but will remain on the Boards of Directors of the Company and the Bank as the new Chair.

View on SEC.gov

CENTRAL PACIFIC FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0000701347-22-000051

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