First Hawaiian, Inc. ($FHB)
Earnings Call Transcript · April 22, 2026
Highlights from the call
The First Hawaiian, Inc. (FHB:US) annual meeting on April 22, 2026, primarily focused on formalities rather than financial performance. No specific financial results, such as revenue or earnings for the quarter, were discussed. The meeting was centered around the election of directors, executive compensation, and the ratification of Deloitte & Touche LLP as the independent auditor. No changes to guidance were mentioned, leaving future financial expectations unchanged.
Main topics
- Election of Directors: All nominated directors, including Robert Harrison, were elected to serve until the 2027 Annual Meeting. This indicates continuity in leadership.
- Executive Compensation Approval: A majority of stockholders voted in favor of the executive compensation package as disclosed in the proxy statement, suggesting shareholder alignment with management's compensation structure.
- Ratification of Auditors: Deloitte & Touche LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2026, ensuring continuity in financial oversight.
Key metrics mentioned
- Director Elections: 8 directors elected (All nominees were elected to serve until 2027)
- Executive Compensation Vote: Majority approval (Advisory vote in favor)
- Auditor Ratification: Deloitte & Touche LLP (Approved for fiscal year 2026)
The annual meeting of First Hawaiian, Inc. was largely procedural, focusing on governance matters such as director elections and auditor ratification. No new financial data or guidance was provided, leaving the investment thesis unchanged. Investors should watch for future earnings releases for insights into financial performance and strategic direction.
Earnings Call Speaker Segments
Operator
OperatorHello, and welcome to the 2026 First Hawaiian, Inc. Annual Meeting of Stockholders. Please note that this meeting is being recorded. [Operator Instructions]
Robert Harrison
ExecutivesGood morning, everyone. I am Bob Harrison, Chairman, President and CEO of First win 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 have received a copy of the proxy materials and/or a notice of availability of proxy materials. Copy of our proxy materials are available online at http://proxy.fhb.com A link to our proxy materials is on the top right of your screen on this virtual annual meeting site. The agenda and rules of conduct for today's meeting are available and can be viewed at our virtual meeting site by clicking on the documents tab at the top right of your screen. Should you have any questions that you would like to ask or comments that you would like to make? Or should you have any questions for the company's auditors? You may submit those questions or comments at any time by clicking on the Questions box to the right of your screen, typing your question or comment to the text box and then click in to submit. Please note that in the interest of all stockholders, we will only address those questions that are relevant to the business of this meeting. I've received an affidavit from the Secretary that the proxy materials and or notice of availability of proxy materials were mailed on or about March 12, 2026, each stockholder of record at the close of business on February 27, 2026. I therefore declare that the annual meeting has been duly called. The Board of Directors previously appointed Marianela Patterson, of the Equinity Trust Company the company's transfer agent to serve as Inspector of Election. Marianela has taken a note to faithfully and impartially perform for duty. At least the 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 the majority of the outstanding shares of common stock are represented at the meeting in person or by proxy. A quorum is therefore present, and the annual meeting may proceed to transact business. The polls for voting on all matters are now open. If you have not already voted and would like to vote at the annual meeting or if you would like to change your vote, you may click on the link entitled Vote My Shares on the top right of your screen any time. Rather than take each proposal separately, I will read all the proposals, and then we will entertain questions and have discussions on all the proposals. The first proposal to be considered is the election of 8 officers to serve until the 2027 Annual Meeting of Stockholders. The Board of Directors has nominated Tricia Fras, Michael Fujimoto, James Moffat, Mark Muviishi, Kelly Thompson, and Esa Washington, Scott Wo and myself. Each of the nominees is presently a director of First Hawaaian Inc. No nominations may be made at this meeting. Information about the principal occupations of the nominees, are service to First line Inc. and First line Bank and other relevant information is contained in our proxy statement. Second vote is an advisory vote on the compensation of our named executive officers as disclosed in the proxy statement. The third and final proposal is the ratification of appointment of Deloitte & Touche LLP to serve as the independent registered public accounting firm for our fiscal year ending December 31, 2026. James Oliver and Dane Mihara representing Deloitte & Touche are here today to answer any questions. It is now time for discussion of this -- on this proposal as well as the 2 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 questions. We'll continue to pause briefly to allow stockholders to submit questions. Thank you. Mr. Secretary, have any questions been submitted? None, thank you. 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, the revocations or changes will be accepted. If you have not already voted and would like to vote at the annual meeting, you should click on the link entitled vote my shares at the top right of your screen. The polls will close in 1 minute. Please submit your votes at this time and we will continue the meeting in 1 minute. We'll continue to pause briefly to give stockholders time to vote. [Voting]
Robert Harrison
ExecutivesThe polls are now closed. Secretary has provided a preliminary report that shows that Tertia Frez, Michael Fujimoto, James Moffitt, Mark Mugiishi, Kelly Thompson, Vanessa, Washington, Scott Wo and I have been elected as directors to serve until the 2027 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 the proxy statement and the proposal to ratify the appointment of Deloitte & Touche LLP to serve as our independent registered public accounting firm for the fiscal year ending December 31, 2026, has been approved. I'd like to thank everyone for attending. The meeting is adjourned.
Operator
OperatorThank you for your participation in today's conference. This does conclude the program. You may now disconnect.
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