secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0000701347-23-000004
Event type: other
Sentiment:  neutral
Materiality: 0.20
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134723000004/0000701347-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134723000004/cpf-20230124.htm
  HTML page:      https://secwatch.observer/filing/0000701347-23-000004

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