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. |
(c) On April 21, 2021, the Boards of Directors of First Hawaiian, Inc. (the “Company”) and its wholly owned subsidiary, First Hawaiian Bank (the “Bank”), determined to appoint Christopher L. Dods to the position of Vice Chairman and Chief Operating Officer, effective May 1, 2021. In his new role, Mr. Dods will oversee the Bank’s Enterprise Operations Services, Enterprise Technology Management, Information Technology, Digital Banking, Marketing and Communications and the Card Services Division.
Mr. Dods, age 46, currently serves as Executive Vice President, Digital Banking and Marketing Group with First Hawaiian Bank and is Executive Vice President of First Hawaiian, Inc. He joined First Hawaiian Bank in 2007 and has nearly 20 years of financial experience in the areas of Consumer Banking, Digital Banking, Marketing, Communications and Payments. He currently leads the Bank’s digital transformation strategy. Mr. Dods is a member of the board of directors of Child and Family Services and Mid Pacific Institute and serves on the advisory boards of First Insurance Company of Hawaii and MasterCard.
In connection with his appointment, Mr. Dods will continue to participate in the Company’s Long-Term Incentive Plan, and he will be granted a one-time award of restricted stock units with an aggregate value of $116,930, which will vest in three equal annual installments on each of May 1, 2022, 2023 and 2024. Mr. Dods also will continue to participate in the Company’s Executive Change-in-Control Retention Plan.
Mr. Dods and certain of his immediate family members have loans that were made by First Hawaiian Bank in the ordinary course of business; on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the lender; and that did not involve more than the normal risk of collectibility or present other unfavorable features.
A copy of the Company’s press release announcing Mr. Dods’ appointment is attached to this report as Exhibit 99.1 and is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release issued by the Company, dated April 22, 2022 | |
| 104 | Cover Page Interactive Data File (embedded with 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: April 26, 2021 | By: | /s/ Robert S. Harrison |
| Name: | Robert S. Harrison | |
| Title: | Chairman of the Board, President and Chief Executive Officer | |