Business Context and Reporting Period
This Form 8-K is a current report filed by First Hawaiian, Inc. on February 11, 2022, regarding an event that occurred on February 7, 2022. The company is a Delaware corporation with its principal executive offices in Honolulu, Hawaii, and its common stock trades on the NASDAQ Global Select Market under the symbol FHB.
Key Financial Metrics
This filing does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing discloses a material change in corporate governance:
- Director Departure: Mr. Matthew J. Cox, a director since 2016, notified the Company that he will not stand for re-election at the 2022 annual meeting of stockholders.
- Reason for Departure: The filing explicitly states that Mr. Cox's decision was not the result of any disagreement with the Company.
- Continued Service: Mr. Cox will continue to serve as a director and as chairman of the Compensation Committee until his current term expires at the April 2022 annual meeting of stockholders.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure of the director's departure.
Investor Verification Checklist
- Verify the date of the upcoming 2022 annual meeting of stockholders (stated as April 2022) to confirm the exact end of Mr. Cox's term.
- Review the Company's proxy statement or subsequent filings to identify the nominee(s) proposed to replace Mr. Cox on the Board of Directors.
- Confirm if Mr. Cox's departure affects the composition or quorum of the Compensation Committee prior to the annual meeting.