Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 34

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 34
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 celebrate King Kamehameha, the unifier of the Hawaiian Islands. The first was a lunchtime workshop where employees learned to make two different styles of lei and helped craft a beautiful 30-foot plumeria lei. It was presented the next day by Nā ‘Ōiwi Aloha alaka‘i at a formal lei-draping ceremony at the King Kamehameha Statue in Honolulu as part of the annual statewide celebration to honor King Kamehameha. In November, more than 50 employees and their families participated in a community service project at Kāko‘o ‘Ōiwi in windward O‘ahu to care for our ‘āina and learn more about environmental sustainability and stewardship. Employee Learning Bank of Hawai'i’s substantial training and career advancement programs target professional development and personal growth, which include our Fostering Workplace Excellence and other employee development programs. Bank of Hawai'i continued to invest in people development in 2024. Employees attended over 21,800 hours of formal learning events on core employee or leadership skills development. In addition, select employees completed more than 8,500 development hours under the various professional development programs the company provides. Investing in Our Employees In 2016, Bank of Hawai'i launched its College Assistance Program (“CAP”) to give employees striving to obtain their first four-year bachelor’s degree access to a college education and tuition reimbursement. CAP gives employees the convenience and flexibility to study where, when, and what they desire by allowing them to choose from a variety of select majors at Chaminade

| 28 | BANK OF HAWAI'I  •  2025 PROXY STATEMENT |

| PROPOSAL 1: ELECTION OF DIRECTORS |

University of Honolulu. Their choice of majors need not relate to their current position. CAP also gives employees the option to pursue an accelerated online Associate of Arts degree through the University of Hawai'i’s Community Colleges. When the program began in 2016, there were three participants. The program has been very successful and popular, with five employees who have earned their associate’s degree and 20 employees who have earned their bachelor’s degree since the program's inception. In 2024, we had 40 unique participants with $183,151 reimbursed to employees for the cost of their education. The Company’s Tuition Assistance Program (“TAP”) is aimed at assisting employees in completing job-related courses at any accredited school. Our TAP program had nine unique participants with $51,239