Central Pacific Financial (CPF) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on April 24, 2025, with shareholders able to vote online, by phone, or by mail.

• Shareholders will vote on the election of 12 directors, a non-binding advisory vote on executive compensation, and ratification of the independent auditor.

• The company emphasizes digital access to proxy materials to reduce costs and environmental impact.

• Forward-looking statements address business plans, executive compensation, and governance goals, subject to risks and uncertainties.

Voting matters and shareholder proposals

• Proposals include: election of 12 directors for one-year terms, advisory approval of executive compensation, and ratification of Crowe LLP as independent auditor.

• Board recommends voting FOR all proposals.

• Shareholders may submit proposals for the 2026 meeting by November 7, 2025, and director nominations by February 23, 2026.

Board of directors and corporate governance

• Board consists of 12 members, 75% independent, with 33% women and 83% ethnically diverse.

• Board refreshment includes recent additions and retirements to enhance diversity and skills.

• Four standing committees: Audit, Compensation, Governance, and Risk, all chaired by independent directors.

• Lead Independent Director presides over executive sessions and ensures board independence.

• Director nomination process emphasizes diversity, independence, and broad professional backgrounds.