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
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