---
schema_version: "secwatch.filing_event.v1"
accession: "0000701347-22-000051"
form_type: "8-K"
ticker: "CPF"
cik: "0000701347"
company_name: "CENTRAL PACIFIC FINANCIAL CORP"
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:59:10.609195+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000701347-22-000051
- form_type: 8-K
- ticker: CPF
- cik: 0000701347
- company_name: CENTRAL PACIFIC FINANCIAL CORP
- filed_at: 2022-10-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701347/000070134722000051/0000701347-22-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701347/000070134722000051/cpf-20221020.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000701347-22-000051
- JSON: https://secwatch.observer/filing/0000701347-22-000051.json
- Plain text: https://secwatch.observer/filing/0000701347-22-000051.txt

## Key facts
- Executive change
  Paul Yonamine was appointed as Chairman Emeritus at CENTRAL PACIFIC FINANCIAL CORP.
  - Action: appointed
  - Role: Chairman Emeritus
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/701347/000070134722000051/0000701347-22-000051-index.htm
- Executive change
  Arnold Martines was appointed as President and Chief Executive Officer at CENTRAL PACIFIC FINANCIAL CORP.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701347/000070134722000051/0000701347-22-000051-index.htm
- Executive change
  A. Catherine Ngo was appointed as Chair of the Board at CENTRAL PACIFIC FINANCIAL CORP.
  - Action: appointed
  - Role: Chair of the Board
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/701347/000070134722000051/0000701347-22-000051-index.htm

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