First Hawaiian, Inc. (FHB)
NASDAQ: FHB · Real-Time Price · USD
27.43
-0.19 (-0.69%)
May 7, 2026, 4:00 PM EDT - Market closed
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AGM 2022

Apr 20, 2022

Operator

Hello, and welcome to the 2022 First Hawaiian, Inc. Annual Meeting of Stockholders. Please note that this meeting is being recorded. Questions may be submitted via the message icon at the top left of your screen, typing your message, then clicking the send icon to the right of the message box. Please note that in the interest of all stockholders, we will only address those questions that are pertinent to the business of the meeting. It is my pleasure to now turn the meeting over to Chairman, President, and Chief Executive Officer, Bob Harrison. Mr. Harrison, the floor is yours.

Bob Harrison
Chairman, President, and CEO, First Hawaiian, Inc.

Aloha, and good morning, everyone. I'm Bob Harrison, Chairman, President, and CEO of First Hawaiian, Inc. It's my pleasure to welcome you and thank you for attending our annual meeting of stockholders. The meeting is now called to order. Each of you should have already received a copy of proxy materials and/or a notice of availability of the proxy materials. Copies of our proxy materials are available online at http://proxy.fhb.com. A link to our proxy materials is on the left side of your screen on this virtual annual meeting site. The agenda, list of registered stockholders as of our record date, and rules of conduct for today's meeting are also available and can be viewed on the virtual meeting site by clicking Documents icon at the top left of your screen.

Should you have any questions that you would like to ask or comments you would like to make, or should you have questions for the company's auditors, you may submit those questions or comments at any time by clicking on the messaging icon at the top left of your screen, typing the message into the text box, and then clicking the send icon at the right of that text box. Please note that in the interest of all shareholders, we will only address those questions that are relevant to the business of this meeting. The Secretary informs me that there were outstanding on the voting record date and entitled to notice of and to vote at the annual meeting, 128,157,353 shares of common stock.

I have received an affidavit from the Secretary that the proxy materials and/or notice of availability of proxy materials were mailed on or about March 11 to each stockholder of record at the close of business February 25, 2022. I therefore declare the annual meeting has been duly called. The Board of Directors previously appointed Marianela Patterson of American Stock Transfer & Trust Company, the company's transfer agent, to serve as Inspector of Election. Marianela has taken an oath to faithfully and impartially perform her duty. At least a majority of the outstanding shares of common stock entitled to vote, represented in person or by proxy, constitutes a quorum at a meeting of stockholders. The Secretary informs me that at least a majority of the outstanding shares of common stock are represented at the meeting in person or by proxy.

A quorum, therefore, is present, and the annual meeting may proceed to transact business. The polls for voting on all matters are now open. If you've not already voted and would like to vote at the annual meeting, or if you'd like to change your vote, you may click on the link titled Proxy Voting Site on the left of your screen at any time. Rather than take each proposal separately, I will read all the proposals, and then we'll entertain questions and have discussion on all the proposals. The first proposal to be considered is the election of eight directors to serve until the 2023 annual meeting of stockholders. The board of directors has nominated W. Allen Doane, Faye Kurren, James S. Moffatt, Kelly A. Thompson, Allen Uyeda, Vanessa L. Washington, C. Scott Wo, and myself. Each of the nominees is presently a director of First Hawaiian, Inc.

No nominations may be made at this meeting. Information about the principal occupations of the nominees, our service with First Hawaiian, Inc. and First Hawaiian Bank, and other relevant information is contained in the proxy statement. The second proposal is an advisory vote on the compensation of our named executive officers, as disclosed in our proxy statement. The third and final proposal is the ratification of the appointment of Deloitte & Touche LLP to serve as our independent registered public accounting firm for the fiscal year ending December 31, 2022. Christopher Monteilh and Dane Majar, representing Deloitte & Touche, are here to answer any questions. It's now time for a discussion on this proposal as well as the two prior proposals. In addition, at this time, we will also submit any questions for the Deloitte representatives.

I will now pause for a moment to allow stockholders to submit any questions. We'll continue to pause briefly to allow stockholders to submit questions. Pause a bit longer for any possible questions. Mr. Secretary, have any comments or questions been submitted for any of the proposals? Okay, as I see there are no further questions, we will now vote on the proposals. Please remember that you do not need to vote at this meeting if you have already voted via the Internet, by telephone, or by returning your proxy card unless you want to change your vote. Until the polls close, you may revoke or change your vote on any matter. However, once the polls are closed, no proxies or votes or any revocations or changes will be accepted.

If you have not already voted and would like to vote at the annual meeting, you should now click your link titled Proxy Voting Site on the left of your screen. The polls will close in 1 minute. At this time, we will continue with the meeting. Please submit your votes. We'll continue to pause briefly to allow stockholders to vote. The polls are now closed. The secretary has provided a preliminary report that shows that W. Allen Doane, Faye Kurren, James S. Moffatt, Kelly A. Thompson, Allen Uyeda, Vanessa L. Washington, C. Scott Wo, and myself have been elected as directors to serve until the 2023 annual meeting of stockholders. In addition, the preliminary report shows that a majority of the stockholders have voted on an advisory basis in favor of the compensation of our named executive officers as disclosed in our proxy statement.

The proposal to ratify the appointment of Deloitte & Touche LLP to serve as the independent registered public accounting firm for the fiscal year ending December 31, 2022 has been approved. I'd like to thank everyone for attending. This meeting is adjourned.

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