Company Stock Trading Policy
Our Company maintains a Company Stock Trading Policy which among other matters: prohibits our insiders (e.g. directors, officers, employees) from trading Company stock when in possession of material non-public information about our Company; prohibits our insiders from trading Company stock approximately 45 days before we release our quarterly earnings results; and permits trading Company stock pursuant to trading plans established under and in compliance with Securities Exchange Act Rule 10b5-1. Our Company Stock Trading Policy is accessible on our Company’s Investor Relations site at https://ir.cpb.bank/corporate-overview/corporate-governance.
Shareholder Engagement
We value and appreciate all our shareholders and strive to keep our shareholders informed and to be accessible and maintain open lines of communication. Our management team regularly participates in investor conferences, meets and has calls with our investors/shareholders, provides earnings calls and presentations on a quarterly basis, and maintains coverage by analysts. Our Company further keeps our shareholders informed through our Investor Relations site at https://ir.cpb.bank, which provides information about our stock (e.g. stock price, trading volume, quarterly dividends), and regarding our covering analysts, SEC filings, press releases, credit ratings, annual shareholder meeting materials, and other information which may be helpful to our shareholders. If our shareholders want additional information, they may contact our Investor Relations team through our Investor Relations site. Further, our shareholders can sign up on our Investor Relations site to receive email notifications of Company press releases, events, presentations, and stock information.
Communicating with our Company
Shareholders and other interested parties who wish to communicate with our Company may contact us electronically at investor@cpb.bank or by mail at Investor Relations, Central Pacific Financial Corp., P.O. Box 3590, Honolulu, Hawaii 96811.
Communications with our Board
Shareholders of our Company and others may send written communications directly to our Board, or any Board Committee or director, addressed to: Board of Directors of Central Pacific Financial Corp., 220 South King Street, 22nd Floor, Honolulu, Hawaii 96813. Any such communication may be directed to the attention of the Board of Directors, the Chair of the Board, any Board Committee, any Board Committee Chair, the Lead Independent Director, the non-management directors, or the independent directors. Such communications should include the following: (a) the sender(s) should identify themselves, and if a shareholder, provide reasonably satisfactory proof of their ownership of our Common Stock; (b) the sender(s) should state in reasonable detail and communicate with reasonable clarity and specificity their issue or concern; and (c) the sender(s) should include their contact information (at a minimum, phone number and address). Shareholders and others who wish to communicate anonymously with our Board or any group of our Board should refer to our Company’s Complaint Policy which is accessible on our Company’s Investor Relations site at https://ir.cpb.bank/corporate-overview/corporate-governance. Nothing stated in this paragraph shall override any requirements imposed on any shareholder communications under our Company’s Articles of Incorporation or Bylaws or other governing documents or by any law, rule or regulation.
Director Selection and Nomination Process
Our Board, with the assistance of our Board’s Governance Committee, seeks to select and nominate for shareholder approval, individuals for director positions that are best qualified and suited to meet the needs of the Company and the Board. Our Board and Governance Committee consider an individual’s experience, competencies, attributes, skills, qualities, character, independence, reputation, availability, and other relevant factors, in relation to the Company’s and Board’s needs. In addition, we seek to have directors with specific experience in industries and markets deemed to be important to our Company and to the effectiveness of our Board. Our Governance Committee, with guidance from our Board, leads the director search and selection process for our Board. The Governance Committee will identify, evaluate and recommend to our Board, nominees for director positions. The Board will then vote whether or not to recommend such nominees to our Company’s shareholders for election and may also appoint such nominees as directors as permitted by our Company’s governing documents and law. In identifying potential director nominees, our Governance Committee may search within and outside the State of Hawaii for any potential director candidates, may utilize the services of a professional search firm, and may also use a third-party to conduct a background and other checks. Further information on our Company’s standards respecting director qualifications and process for director nominations is set forth in our Corporate Governance Guidelines and Governance Committee Charter, both of which are accessible on our Company’s Investor Relations site at https://ir.cpb.bank/corporate-overview/corporate-governance.
Shareholder Nominees. In accordance with the policies set forth in the Company’s Corporate Governance Guidelines and the Company’s Bylaws, the Governance Committee will consider properly submitted director nominees for election at the 2027 Annual Meeting of Shareholders recommended by shareholders if such recommendations are received in writing not less than 90 calendar
