secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0000701347-22-000051
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134722000051/0000701347-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134722000051/cpf-20221020.htm
  HTML page:      https://secwatch.observer/filing/0000701347-22-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer