UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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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. |
(d) On October 13, 2020, the Board of Directors (the “Board”) of First Hawaiian, Inc. (the “Company”) resolved to increase the number of directors constituting the Board from seven to eight and appointed Vanessa Washington to serve as a member of the Board and fill the vacancy, effective immediately. In addition, the Board appointed Ms. Washington to serve on the Board’s Risk Committee. Ms. Washington was also appointed to the board of directors of First Hawaiian Bank, a wholly owned subsidiary of the Company.
Ms. Washington will receive compensation for her service as a director in accordance with the Company’s standard arrangements for non-employee directors, pursuant to which the Company anticipates granting a one-time award of restricted stock units with a value of $36,630.
The Company has not entered into any transactions with Ms. Washington that are required to be reported under Item 404(a) of Regulation S-K and she will not be employed by the Company. Ms. Washington was not elected pursuant to an arrangement or understanding between her and any other person.
For more information, reference is made to the Company’s press release dated October 13, 2020, a copy of which is attached to this Report as Exhibit 99.1. Exhibit 99.1 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act except as expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. | Description |
| 99.1 | Press Release Dated October 13, 2020 |
| 104 | Cover Page Interactive Data File- the cover page XBRL tags are embedded within the Inline XBRL document |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FIRST HAWAIIAN, INC. | |||
| Date: October 13, 2020 | By: | /s/ Robert S. Harrison | |
| Name: | Robert S. Harrison | ||
| Title: | Chairman of the Board, President and Chief | ||
| Executive Officer | |||