secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF HAWAII CORP (BOH)
CIK:        0000046195
Form:       8-K
Filed at:   2024-06-21T23:59:59+00:00
Accession:  0001193125-24-165835
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of Hawaii issues 6.6M depositary shares of 8.000% Series B perpetual preferred stock
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- Issued 6,600,000 depositary shares, each representing 1/40th interest in a share of 8.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B.
- Series B Preferred has a liquidation preference of $1,000 per share, filed Certificate of Designations with Delaware on June 20, 2024.
- Underwriting agreement with BofA Securities, J.P. Morgan, Keefe Bruyette & Woods, and Wells Fargo dated June 18, 2024.
- Restrictions apply on dividends and repurchases of common or parity preferred if dividends on Series B are not declared.
- Deposit agreement with Computershare as depositary; closing occurred June 21, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46195/000119312524165835/0001193125-24-165835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46195/000119312524165835/d831633d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-165835

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