UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Date of Report |
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(Date of earliest event reported) |
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December 31, 2007 |
BANK OF HAWAII CORPORATION |
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(Exact name of registrant as specified in its charter) |
Delaware |
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1-6887 |
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99-0148992 |
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(State of Incorporation) |
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(Commission |
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(IRS Employer |
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File Number) |
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Identification No.) |
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130 Merchant Street, Honolulu, Hawaii |
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96813 |
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(Address of principal executive offices) |
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(Zip Code) |
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(Registrant’s telephone number, |
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including area code) |
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(808) 537-8430 |
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
As previously reported, Bank of Hawaii Corporation (“Company”) is party to a Retention Agreement dated December 16, 2005 (“Agreement”) with its Chief Operating Officer, David Thomas. The Agreement contemplated Mr. Thomas’ continued service through February 29, 2008, subject to the Company’s ability to advance or delay Mr. Thomas’ Separation Date under the Agreement.
Mr. Thomas has completed his service to the Company and, accordingly, the Company has advanced Mr. Thomas’ Separation Date to the close of business on December 31, 2007 in accordance with the terms of the Agreement. The Company and Mr. Thomas have entered into a letter agreement relating to Mr. Thomas’ separation, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by reference. Substantially all of the expense associated with Mr. Thomas’ separation has been accrued for financial reporting purposes as of December 31, 2007.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
10.1 Letter dated December 31, 2007 among Bank of Hawaii Corporation, Bank of Hawaii and David W. Thomas
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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.
Date: January 3, 2008 |
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BANK OF HAWAII CORPORATION |
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By |
/s/ MARK A. ROSSI |
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Mark A. Rossi |
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Vice Chairman and Corporate Secretary |
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