Company: BOH
Filing Date: 2025-04-30
Form Type: 8-K
Source: 0000950170-25-061194
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Company: BANK OF HAWAII CORP
Filing Date: 2025-04-30
Form: 8-K
Item: Item 5.02
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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.

As reported in Item 5.07 below, the shareholders of Bank of Hawaii Corporation (the “ Company”) approved the Bank of Hawaii Corporation 2025 Director Stock Compensation Plan (the “2025 Plan”) at the Company’s 2025 annual meeting of stockholders, which was held on Friday, April 25, 2025 (the “ Annual Meeting”). The 2025 Plan had previously been approved by the Company’s Board of Directors, subject to shareholder approval. The 2025 Plan permits the granting of stock options that are not qualified under Section 422 of the Internal Revenue Code of 1986, as amended, restricted stock, restricted stock units, dividends and dividend equivalents to any non-employee director of the Company or any of its affiliates.

A detailed summary of the 2025 Plan appears on pages 76-78 of the Company’s Definitive Proxy Statement on Schedule 14A, which was filed with the Securities and Exchange Commission on March 14, 2025. That summary is incorporated herein by reference. The foregoing description of the 2025 Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the 2025 Plan, a copy of which is filed as Exhibit 10.1 hereto and is hereby incorporated into this report by reference.

On April 24, 2025, the compensation committee of the board of directors of the Company adopted a form of restricted stock award agreement for use under the 2025 Plan.

Item 5.07. Submission of Matters to a Vote of Security Holders.

On April 25, 2025, the “ Company held its annual shareholders meeting. At the meeting, the following matters were submitted to a vote of the shareholders:

1. Election of Directors:

  Nominee                                                                          
 ───────────────────────────────────────────────────────────────────────────────────
  John C. Erickson          26,932,634        200,842      387,700      4,983,174  
  Joshua D. Feldman         27,025,038        108,658      387,480      4,983,174  
  Peter S. Ho               25,793,546      1,359,983      367,647      4,983,174