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EX-3.1 - EX-3.1 - CENTRAL PACIFIC FINANCIAL CORPa14-11455_1ex3d1.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported):

April 25, 2014

 

 

Central Pacific Financial Corp.

(Exact name of registrant as specified in its charter)

 

Hawaii

 

0-10777

 

99-0212597

 

 

 

 

 

(State or other
jurisdiction of
incorporation)

 

(Commission
File Number)

 

(I.R.S. Employer
Identification No.)

 

220 South King Street, Honolulu, Hawaii
(Address of principal executive offices)

 

96813
(Zip Code)

 

(808) 544-0500
(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 3.03   Material Modification to Rights of Security Holders

 

On April 25, 2014, the shareholders of the Company approved a two-year extension (until May 2, 2016) of a protective amendment (the “Protective Amendment Extension”) to the Company’s Articles of Incorporation to protect the Company’s ability to use certain tax assets, such as net operating loss carryforwards.  A copy of the Protective Amendment Extension is attached hereto as Exhibit 3.1 and incorporated herein by reference.  As described  in Proposal 5 of the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 7, 2014, the Protective Amendment Extension restricts, for an additional two-year period, certain transfers of the Company’s common stock if such a transfer would cause the transferee and its affiliates to own more than 4.99% of the Company’s common stock.

 

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

 

On April 25, 2014, the Company held its Annual Meeting of Shareholders at which the shareholders voted upon and approved (i) the election of nine (9) nominees as directors; (ii) ratification of the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2014; (iii) an advisory (non-binding) shareholder resolution to approve the compensation of the Company’s executive officers; (iv) by ratification, extension of the Company’s Tax Benefits Preservation Plan and  (v) the Protective Amendment Extension as set forth above.

 

The final number of votes cast for or against (withheld) and the number of abstentions and broker non-votes with respect to each matter voted upon, as applicable, are set forth below.

 

 

 

 

For

 

Against/Withheld

 

Abstained

 

Broker Non-Vote

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.

Nominees as Directors:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alvaro J. Aguirre

 

35,416,871

 

309,127

 

--

 

4,119,933

 

 

 

 

 

 

 

 

 

 

 

 

 

James F. Burr

 

35,416,729

 

309,269

 

--

 

4,119,933

 

 

 

 

 

 

 

 

 

 

 

 

 

Christine H.H. Camp

 

35,646,404

 

79,594

 

--

 

4,119,933

 

 

 

 

 

 

 

 

 

 

 

 

 

John C. Dean

 

35,538,673

 

187,325

 

--

 

4,119,933

 

 

 

 

 

 

 

 

 

 

 

 

 

Earl E. Fry

 

35,538,516

 

187,482

 

--

 

4,119,933

 

 

 

 

 

 

 

 

 

 

 

 

 

Paul J. Kosasa

 

35,399,436

 

326,562

 

--

 

4,119,933

 

 

 

 

 

 

 

 

 

 

 

 

 

Duane K. Kurisu

 

35,464,368

 

261,630

 

--

 

4,119,933

 

 

 

 

 

 

 

 

 

 

 

 

 

Colbert M. Matsumoto

 

35,402,666

 

323,332

 

--

 

4,119,933

 

 

 

 

 

 

 

 

 

 

 

 

 

Crystal K. Rose

 

35,535,358

 

190,640

 

--

 

4,119,933

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-2-



 

 

 

 

For

 

Against/Withheld

 

Abstained

 

Broker Non-Vote

 

2.

Ratification of appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2014.

 

39,713,003

 

127,577

 

5,351

 

--

 

 

 

 

 

 

 

 

 

 

 

 

3.

Non-binding advisory vote to approve compensation of the Company’s named executive officers.

 

35,502,612

 

201,006

 

22,380

 

4,119,933

 

4.

Ratification of extension of the Tax Benefits Preservation Plan

 

35,328,761

 

390,388

 

6,849

 

4,119,933

 

5.

Approval of the Protective Amendment Extension

 

39,717,777

 

113,059

 

15,095

 

--

 

 

 

Item 9.01.  Financial Statements and Exhibits.

 

(d)  The following exhibits are being filed herewith:

 

Exhibit No.                                                                                     Exhibit Description

 

3.1                                                                                                                                  Amendment to the Articles of Incorporation setting forth the Protective Amendment Extension

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Central Pacific Financial Corp.

(Registrant)

 

 

 

 

Date: April 28, 2014

By:

/s/ Glenn K. C. Ching

 

 

 

Glenn K.C. Ching

Senior Vice President, General Counsel and Corporate

Secretary

 

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EXHIBIT INDEX

 

Item 9.01.  Financial Statements and Exhibits.

 

(d)  The following exhibits are being filed herewith:

 

Exhibit No.                                                                                     Exhibit Description

 

3.1                                                                                                                                  Amendment to Articles of Incorporation setting forth the Protective Amendment Extension

 

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