Central Pacific Financial (CPF) Proxy Filing summary

Executive summary

• The annual meeting will be held virtually on April 30, 2026, with shareholders able to vote online, by phone, or by mail.

• Shareholders will vote on the election of 10 directors, a non-binding advisory vote on executive compensation, and ratification of the independent auditor.

• The company emphasizes sustainable growth, operational efficiency, and community engagement, with a focus on Hawaii's unique market conditions.

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

Voting matters and shareholder proposals

• Proposal 1: Elect 10 directors for a one-year term; board recommends a vote FOR all nominees.

• Proposal 2: Advisory (non-binding) vote to approve executive compensation; board recommends a vote FOR.

• Proposal 3: Ratification of Crowe LLP as independent auditor for 2026; board recommends a vote FOR.

• Shareholders may submit proposals for the 2027 meeting by November 6, 2026, following specific bylaw procedures.

Board of directors and corporate governance

• Board consists of 10 nominees, 90% independent, with diverse backgrounds and strong Hawaii representation.

• Board committees include Audit, Compensation, Governance, and Risk, all chaired by independent directors.

• Annual board and committee evaluations are conducted, with a third-party facilitating anonymous feedback.

• Policies address director retirement at age 70, overboarding, and director resignation in uncontested elections.

• Shareholder engagement is encouraged through multiple communication channels.