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AI brief of an SEC Form 8-K · Central Pacific Financial (CPF)

Central Pacific Financial promotes David Morimoto to COO, Dayna Matsumoto to CFO

Neutral Impact 4 of 5 leadership Written later

Central Pacific Financial Corp. said its Boards approved, effective March 1, 2025, the promotion of David Morimoto, the current Chief Financial Officer, to Vice Chairman and Chief Operating Officer, and of Dayna Matsumoto, Director of Finance and Accounting, to Executive Vice President and Chief Financial Officer. The change moves the company's top finance role to a new executive and sets new pay terms for both, which shareholders may want to track in future filings.

Key points

  • David Morimoto, age 57, becomes Vice Chairman and COO effective March 1, 2025; he has been CFO since July 2015 and joined the company in 1991. His base salary will be $525,000, with a target incentive of 75% of salary and a maximum of 150%.
  • Dayna Matsumoto, age 43, becomes EVP and CFO effective March 1, 2025; she has been Director of Finance and Accounting since 2023 and joined the company in 2006. Her base salary will be $362,000, with a target incentive of 50% of salary and
  • The filing discloses that Matsumoto's husband, Patrick Matsumoto, is a Vice President and Commercial Real Estate Manager at the Bank, with total 2024 compensation of approximately $177,000.

The filing

CompanyCentral Pacific Financial (CPF)
Form8-K, current report
Filed with the SECFeb 27, 2025, 4:02 PM ET
Accession number0000701347-25-000009

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 27, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.