Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 42

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 42
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, and Ms. Moy are members of the Balance Sheet Committee ("BSC"). BSC members receive a $500 meeting fee and the Chair of the BSC receives a $750 meeting fee. The annual retainer for DAC members remained unchanged at $10,000 and the annual retainer for the Chair of the DAC also remained unchanged at $20,000. The annual retainer for FIMC members remained unchanged at $10,000 and the annual retainer for the Chair of the FIMC remained unchanged at $20,000. The Risk Management Committee ("RMC") was formed in January 2025. Messrs. Erickson, Feldman, Nichols, Vara, and Ms. Moy are members of the RMC, with Ms. Moy serving as Chair. The Board has determined that Messrs. Erickson and Nichols meet the definition of “risk expert” under the Federal Reserve Bank rules implementing Section 16 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and 12 CFR 252.33(a)(4)(1). The RMC annual retainers for members and the chair are to be determined. The Audit Committee ("AC") was formed in January 2025. Messrs. Erickson, Nichols, Vara, and Ms. Moy are members of the AC, with Mr. Erickson serving as Chair. The Board has determined that Messrs. Erickson, Nichols, Vara, and Ms. Moy meet the definition of an “audit committee financial expert” within the meaning of the SEC regulations adopted under the Sarbanes-Oxley Act of 2002. The Board has determined that all AC members meet the NYSE standard of financial literacy and have accounting or related financial management expertise. The AC annual retainers for members and the chair are to be determined. The Directors are reimbursed for Board-related travel expenses, and directors who reside principally on the continental U.S. receive an additional $5,000 annually to compensate them for travel time, which remains unchanged from last year. Director Stock Plan The shareholders approved the 2015 Director Stock Compensation Plan (the “2015 Director Stock Plan”) at the 2015 annual meeting. The purpose of the 2015 Director Stock Plan is to advance the interests of the Company by encouraging and enabling eligible non-employee members of the Board to acquire and retain throughout each member’s tenure as director a proprietary interest in the Company by owning shares of Bank of Hawaii Corporation common stock. The