UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On October 13, 2020, the Board of Directors (the “Board”) of First Hawaiian, Inc. (the “Company”) resolved to increase the number of directors constituting the Board from seven to eight and appointed Vanessa Washington to serve as a member of the Board and fill the vacancy, effective immediately. In addition, the Board appointed Ms. Washington to serve on the Board’s Risk Committee. Ms. Washington was also appointed to the board of directors of First Hawaiian Bank, a wholly owned subsidiary of the Company.
Ms. Washington will receive compensation for her service as a director in accordance with the Company’s standard arrangements for non-employee directors, pursuant to which the Company anticipates granting a one-time award of restricted stock units with a value of $36,630.
The Company has not entered into any transactions with Ms. Washington that are required to be reported under Item 404(a) of Regulation S-K and she will not be employed by the Company. Ms. Washington was not elected pursuant to an arrangement or understanding between her and any other person.
For more information, reference is made to the Company’s press release dated October 13, 2020, a copy of which is attached to this Report as Exhibit 99.1. Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. | Description |
| 99.1 | Press Release Dated October 13, 2020 |
| 104 | Cover Page Interactive Data File- the cover page XBRL tags are 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.
| FIRST HAWAIIAN, INC. | |||
| Date: October 13, 2020 | By: | /s/ Robert S. Harrison | |
| Name: | Robert S. Harrison | ||
| Title: | Chairman of the Board, President and Chief | ||
| Executive Officer | |||
Exhibit 99.1
For Immediate Release
First Hawaiian Appoints Vanessa Washington
to the First Hawaiian, Inc. and First Hawaiian Bank Boards of Directors
HONOLULU, Hawaii October 13, 2020--(Globe Newswire)--First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today announced the appointment of Vanessa Washington, retired former Bank of the West Senior Executive Vice President, General Counsel and Secretary, to serve on the Boards of Directors of First Hawaiian Inc. and its bank subsidiary, First Hawaiian Bank.
“We are very pleased that Vanessa Washington has joined our Boards as she brings over 25 years of extensive experience serving as a trusted advisor in highly regulated industries, including financial services and REITs,” said Bob Harrison, First Hawaiian, Inc. Chairman, President and CEO. “She has deep expertise in legal, governance and risk mitigation, and we are looking forward to her insights and contributions to First Hawaiian’s continued success.”
Vanessa Washington served as the Bank of the West Senior Executive Vice President, General Counsel and Secretary from 2006 until her retirement in October 2020. Ms. Washington previously served as Senior Vice President, General Counsel and Secretary for the publicly traded real estate firm of Catellus Development Corporation from 2001 to 2005 and prior to that, was Senior Vice President and Secretary at California Federal Bank, where she was employed from 1992 to 2001. She has experience as a commercial real estate transactions attorney in private firms and in-house. Ms. Washington serves on the Board of Directors of San Francisco’s Habitat for Humanity where she is the Chair of their Audit Committee. She also serves on the managing board of The Clearing House and is a member of the American College of Real Estate Lawyers. Ms. Washington holds a law degree from the University of California Berkeley School of Law and a bachelor of science degree from the University of North Carolina, Chapel Hill.
First Hawaiian, Inc. (NASDAQ:FHB) is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii’s oldest and largest financial institution with branch locations throughout Hawaii, Guam and Saipan. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Customers may also access their accounts through ATMs, online and mobile banking channels. For more information about First Hawaiian, Inc., visit the Company’s website, www.fhb.com.
| Investor Relations Contact: | Media Contact: |
| Kevin Haseyama, CFA | Susan Kam |
| (808) 525-6268 | (808) 525-6254 |
| khaseyama@fhb.com | skam@fhb.com |