---
schema_version: "secwatch.filing_event.v1"
accession: "0000701347-26-000063"
form_type: "8-K"
ticker: "CPF"
cik: "0000701347"
company_name: "CENTRAL PACIFIC FINANCIAL CORP"
filed_at: "2026-07-02T20:26:03+00:00"
generated_at: "2026-07-02T20:27:32.220492+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CPFC enters into Change in Control agreements with executive officers, including CEO Arnold D. Martines, June 30, 2026

## Summary
- CEO Arnold D. Martines eligible for 3x base salary plus 3x average bonus upon qualifying termination after change in control.
- Other executive officers eligible for 2x base salary plus 2x average bonus under similar terms.
- Agreements have three-year initial term, auto-renew annually unless company gives notice.
- Full vesting of equity awards at target performance upon qualifying termination.
- No excise tax gross-up; benefits subject to clawback and regulatory restrictions.

## SEC filing metadata
- accession: 0000701347-26-000063
- form_type: 8-K
- ticker: CPF
- cik: 0000701347
- company_name: CENTRAL PACIFIC FINANCIAL CORP
- filed_at: 2026-07-02T20:26:03+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/701347/000070134726000063/0000701347-26-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/701347/000070134726000063/cpf-20260630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000701347-26-000063
- JSON: https://secwatch.observer/filing/0000701347-26-000063.json
- Plain text: https://secwatch.observer/filing/0000701347-26-000063.txt

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