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. |
On December 17, 2021, First Hawaiian, Inc. (the “Company”) announced that Mr. Ravi Mallela, the Executive Vice President and Chief Financial Officer of the Company and its subsidiary, First Hawaiian Bank (the “Bank”), tendered his resignation from his positions with the Company and the Bank effective at the close of business on January 7, 2022. Mr. Mallela’s resignation was for personal reasons and was not a result of any disagreement on any matter relating to the Company’s operations, policies or procedures.
The Company also announced that, effective January 8, 2022, Mr.Ralph M. Mesick, the Vice Chairman and Chief Risk Officer of the Company and the Bank, will be appointed Interim Chief Financial Officer of the Company and the Bank, and will serve as the principal accounting officer of the Company on an interim basis, in each case while a search is conducted for a permanent Chief Financial Officer. The information required by Items 401(b), (d), (e) and 404(a) of Regulation S-K with respect to Mr. Mesick is incorporated herein by reference from the sections captioned “Biographies of Executive Officers” and "Stock Ownership - Business Relationships and Related Party Transaction Policy - Other Related Party Transactions" in the Company’s definitive Proxy Statement for the 2021 Annual Meeting of Stockholders filed with the Securities and Exchange Commission on March 12, 2021.
A copy of the Company’s press release announcing the foregoing matters is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release dated December 17, 2021 | |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document |
SIGNATURES
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: December 20, 2021 | By: | /s/ Robert S. Harrison |
| Robert S. Harrison | ||
| Chairman of the Board, President and Chief Executive Officer | ||
| (Principal Executive Officer) | ||
Exhibit 99.1
For Immediate Release
First Hawaiian, Inc. CFO to Leave the Company in January 2022
HONOLULU, Hawaii December 17, 2021 (Globe Newswire)– First Hawaiian, Inc. (NASDAQ: FHB), the parent company of First Hawaiian Bank announced today that Ravi Mallela, Executive Vice President and Chief Financial Officer of First Hawaiian, Inc. and First Hawaiian Bank, has resigned for personal reasons, effective at the close of business on January 7, 2022. Effective January 8th, Ralph Mesick, Vice Chairman and Chief Risk Officer, will serve as interim CFO as the company conducts a search for a permanent replacement.
“Ravi has been a key member of our management team over the last three years,” said Bob Harrison, chairman, president, and CEO. “We would like to thank Ravi for his contributions and wish him well.”
“It has been a privilege to work at such a fine and storied institution as First Hawaiian Bank,” said First Hawaiian CFO, Ravi Mallela. “I will always cherish the relationships I have developed at the bank and in this special community.”
First Hawaiian, Inc.
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.
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Investor Relations Contact: (808) 525-6268 khaseyama@fhb.com |
Media Contact: Susan Kam (808) 525-6254 skam@fhb.com |