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BOH Bank of Hawaii

Filed: 4 May 21, 4:25pm

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report

April 30, 2021

(Date of earliest event reported)

 

 

BANK OF HAWAII CORP

(Exact name of registrant as specified in its charter)

 

Delaware

1-6887

99-0148992

(State of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

130 Merchant Street

Honolulu

Hawaii

96813

(Address of principal executive offices)

(City)

(State)

(Zip Code)

 

(888) 643-3888

(Registrant's telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading Symbol

 

Name of each exchange on which registered

Common Stock

$.01 Par Value

 

BOH

 

New York Stock Exchange

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 


 

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

On April 30, 2021, Bank of Hawaii Corporation (the “Company”) held its annual shareholders meeting. At the meeting, the following matters were submitted to a vote of the shareholders:

1. Election of Directors:

 

Nominee

 

Votes Cast For

 

 

Votes Against

 

 

Abstentions

 

 

Uncast

 

 

Non-Votes

 

S. Haunani Apoliona

 

 

28,731,645

 

 

 

895,113

 

 

 

536,164

 

 

 

-

 

 

 

4,603,537

 

Mark A. Burak

 

 

28,728,553

 

 

 

881,136

 

 

 

553,233

 

 

 

-

 

 

 

4,603,537

 

John C. Erickson

 

 

28,964,180

 

 

 

644,845

 

 

 

553,897

 

 

 

-

 

 

 

4,603,537

 

Joshua D. Feldman

 

 

28,692,121

 

 

 

920,526

 

 

 

550,275

 

 

 

-

 

 

 

4,603,537

 

Peter S. Ho

 

 

28,134,213

 

 

 

1,361,092

 

 

 

667,617

 

 

 

-

 

 

 

4,603,537

 

Michelle Hulst

 

 

28,696,781

 

 

 

914,768

 

 

 

551,373

 

 

 

-

 

 

 

4,603,537

 

Kent T. Lucien

 

 

28,813,383

 

 

 

810,240

 

 

 

539,299

 

 

 

-

 

 

 

4,603,537

 

Alicia E. Moy

 

 

28,970,637

 

 

 

653,023

 

 

 

539,262

 

 

 

-

 

 

 

4,603,537

 

Victor K. Nichols

 

 

28,974,277

 

 

 

647,882

 

 

 

540,763

 

 

 

-

 

 

 

4,603,537

 

Barbara J. Tanabe

 

 

28,349,640

 

 

 

1,274,491

 

 

 

535,772

 

 

 

3,019

 

 

 

4,603,537

 

Dana M. Tokioka

 

 

28,820,979

 

 

 

798,445

 

 

 

540,479

 

 

 

3,019

 

 

 

4,603,537

 

Raymond P. Vara, Jr.

 

 

28,699,749

 

 

 

916,164

 

 

 

543,990

 

 

 

3,019

 

 

 

4,603,537

 

Robert W. Wo

 

 

28,409,517

 

 

 

1,215,119

 

 

 

535,267

 

 

 

3,019

 

 

 

4,603,537

 

2. Advisory vote on the Company’s executive compensation:

 

Votes Cast For

 

 

Votes Against

 

 

Abstentions

 

 

Uncast

 

 

Non-Votes

 

 

28,376,278

 

 

 

1,159,443

 

 

 

626,527

 

 

 

674

 

 

 

4,603,537

 

3. Ratification of the re-appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021:

 

Votes Cast For

 

 

Votes Against

 

 

Abstentions

 

 

Uncast

 

 

Non-Votes

 

 

33,661,583

 

 

 

563,418

 

 

 

537,765

 

 

 

3,693

 

 

 

-

 

 

Item 8.01. Other Events.

 

On April 29, 2021, Peter S. Ho, Chairman, CEO and President, Mary E. Sellers, Vice Chair and Chief Risk Officer, and Dean Y. Shigemura, Vice Chair and Chief Financial Officer (collectively, the “Grantees”), of the Company, each adopted a pre-arranged stock trading plan (the “10b5-1 Plans”) designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, which permits persons to enter into a pre-arranged plan for buying or selling Company stock at a time when such person is not in possession of material, nonpublic information about the Company.  The 10b5-1 Plans, executed during the Company’s current open trading window period and in compliance with the Company’s insider trading policy, allow for the exercise and sale of the following vested stock options, half of which will expire in November 2021 and the other half in January 2022, if not exercised prior to their expiration dates:

 

Grantee

 

Option Shares

 

Peter S. Ho

 

 

46,666

 

Mary E. Sellers

 

 

30,000

 

Dean Y. Shigemura

 

 

23,333

 

 

Shares may be sold under the 10b5-1 Plans on the open market at prevailing market prices from time to time prior to the expiration of these stock option awards. The Grantees entered into the 10b5-1 Plans as a part of their personal long-term financial and tax planning strategies and to provide for an orderly liquidation of their stock options prior to their expiration.

 

The Grantees will continue to be subject to the Company’s executive stock ownership guidelines and the sales contemplated by the 10b5-1 Plans will not reduce their stock ownership below the level required by the guidelines.  Except as may be required by law, the Company does not undertake to report on specific Rule 10b5-1 pre-planned stock trading plans of Company officers or directors, nor to report modifications or terminations of the aforementioned 10b5-1 Plans or the plans of any other individual.  The transactions under the 10b5-1 Plans will be disclosed publicly through Form 4 and/or Form 144 filings with the Securities and Exchange Commission to the extent applicable.

 

 


 

 

Item 9.01. Financial Statements and Exhibits.

Exhibit No.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 


 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 4, 2021

Bank of Hawaii Corporation

 

 

 

 

 

By:

/s/ Patrick M. McGuirk

 

 

Patrick M. McGuirk

 

 

Senior Executive Vice President and Corporate Secretary