Business Context and Reporting Period
This Form 8-K filing by First Hawaiian, Inc. (FHB) reports on the results of the annual meeting of stockholders held on April 21, 2021. The company is incorporated in Delaware and its common stock trades on the NASDAQ Global Select Market.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance voting results rather than financial performance data.
Material Changes and Voting Results
The following matters were submitted to a vote of security holders, with all proposals approved:
- Election of Directors: All eight nominees were elected. The highest number of votes cast against a nominee was for Robert S. Harrison (4,029,223 votes against), while the lowest was for C. Scott Wo (301,588 votes against). All nominees received over 119 million votes in favor.
- Director Compensation Plan Amendment: Stockholders approved the amendment and restatement of the 2016 Non-Employee Director Plan to increase the total number of shares available for award.
- Executive Compensation Advisory Vote: The advisory vote on the compensation of named executive officers was approved with 121,580,893 votes for and 1,529,065 votes against.
- Auditor Ratification: The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2021, was ratified with 125,478,639 votes for and 728,330 votes against.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The document is limited to the disclosure of voting outcomes.
Important Facts for Investors to Verify
- Verify the specific terms of the amendment to the 2016 Non-Employee Director Plan to understand the new share limits.
- Review the full proxy statement for detailed breakdowns of executive compensation referenced in the advisory vote.
- Confirm the total number of shares outstanding and voting power distribution to contextualize the "Broker Non-Votes" (3,061,776) recorded across most proposals.