---
schema_version: "secwatch.filing_event.v1"
accession: "0000701347-23-000004"
form_type: "8-K"
ticker: "CPF"
cik: "0000701347"
company_name: "CENTRAL PACIFIC FINANCIAL CORP"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:28:11.723157+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Central Pacific Financial adopts 2023 Annual Executive Incentive Plan for EVP+ employees

## Summary
- Plan covers employees at Executive Vice President level and above; participants selected by Compensation Committee within first 90 days of plan year.
- Awards based on corporate performance objectives, business unit objectives, and individual objectives as approved by Committee.
- Target and maximum bonus expressed as percentage of base salary; Committee may reduce or eliminate payout in its discretion.
- Payment made after audited financials are available, no later than March 15 following plan year; must be employed through payment date.
- Participants are ineligible for any other company annual incentive cash bonus programs for the same plan year.

## SEC filing metadata
- accession: 0000701347-23-000004
- form_type: 8-K
- ticker: CPF
- cik: 0000701347
- company_name: CENTRAL PACIFIC FINANCIAL CORP
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701347/000070134723000004/0000701347-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701347/000070134723000004/cpf-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000701347-23-000004
- JSON: https://secwatch.observer/filing/0000701347-23-000004.json
- Plain text: https://secwatch.observer/filing/0000701347-23-000004.txt

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