Company: BOH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000950170-25-039381
Chunk: 86

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 86
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 stock received over any amount paid by the recipient in exchange for the shares. The recipient’s basis for the determination of gain or loss upon the subsequent distribution of shares acquired in respect of RSUs will be the amount paid for such shares plus any ordinary income recognized when the shares are delivered. Subject to the requirement of reasonableness and the satisfaction of a tax reporting obligation, the Company will generally be entitled to a tax deduction equal to the taxable ordinary income realized by the recipient of the RSU award. VOTE REQUIRED AND BOARD OF DIRECTORS RECOMMENDATION The affirmative vote of a majority of the votes cast by the shareholders present in person or represented by proxy is required for approval of the adoption of the 2025 Plan. Any shares not voted (whether by abstention, broker non-vote or otherwise) will not be counted as votes cast. Accordingly, beneficial owners of shares should instruct their brokers or nominees how to vote with respect to this proposal.

| The Board of Directors recommends a vote “FOR” the approval of the 2025 Plan. |

| 78 | BANK OF HAWAI'I  •  2025 PROXY STATEMENT |

Pro posal 4: Ratification of the Re-Appointment of Ernst & Young LLP As The Company’s Independent Registered Public Accounting Firm For the 2025 Fiscal Year The Audit Committee has appointed Ernst & Young LLP as the Company’s independent registered public accounting firm for the 2025 fiscal year. The Board recommends that the shareholders ratify this appointment. Ernst & Young LLP has been the Company’s independent registered public accounting firm since its incorporation in 1971. We expect representatives of Ernst & Young LLP to attend the annual meeting. Ernst & Young LLP has indicated that they will have no statement to make but will be available to respond to questions. If this Proposal does not pass, the appointment of the independent registered public accounting firm will be reconsidered by the Audit Committee.

| The Board of Directors recommends a vote “FOR” the foregoing proposal. |

ERNST & YOUN G LLP FEES Ernst & Young LLP’s fees for professional services rendered for 2024 and 2023 were as follows:

| Service            |     |       2024 |     |       2023 |
| Audit Fees         |     | $2,441,400 |     | $2,195,000 |
| Audit-Related Fees |     |    319,700 |     |    311,000 |
| Tax Fees           |     |    181,048 |