secwatch.observer — SEC 8-K summary
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Issuer:     CENTRAL PACIFIC FINANCIAL CORP (CPF)
CIK:        0000701347
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0000701347-25-000009
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Central Pacific Financial promotes Morimoto to COO, Matsumoto to CFO
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- David Morimoto promoted to Vice Chairman and COO, effective March 1, 2025.
- Dayna Matsumoto promoted to Executive VP and CFO (principal financial and accounting officer).
- Morimoto's base salary set at $525,000; eligible for 75% target annual incentive and 75% LTIP.
- Matsumoto's base salary set at $362,000; eligible for 50% target annual incentive and 50% LTIP.
- Both are long-tenured internal promotions: Morimoto (33+ yrs), Matsumoto (18+ yrs).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/701347/000070134725000009/0000701347-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/701347/000070134725000009/cpf-20250225.htm
  HTML page:      https://secwatch.observer/filing/0000701347-25-000009

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