UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C.  20549

 

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

 

Date of report (Date of earliest event reported):

May 15, 2003

 

 

Central Pacific Financial Corp.

(Exact name of registrant as specified in its charter)

 

 

 

Hawaii

 

 

 

0-10777

 

 

 

99-0212597

(State or other

 

 

 

(Commission

 

 

 

(I.R.S. Employer

jurisdiction of

 

 

 

File Number)

 

 

 

Identification No.)

incorporation

 

 

 

 

 

 

 

 

or organization)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

220 South King Street, Honolulu, Hawaii

 

 

 

96813

(Address of principal executive offices)

 

 

 

(Zip Code)

 

 

(808)544-0500

(Registrant’s telephone number, including area code)

 

CPB INC.

(Former name or former address, if changed since last report)

 

 

 



 

 

ITEM 5.  OTHER EVENTS

 

                         On May 15, 2003, the Plan Administrator of the Central Pacific Bank Employee Stock Ownership Plan (the “Plan”) issued a notice to all participants and beneficiaries under the Plan that the Plan will be combined with the Central Pacific Bank 401(k) Retirement Plan.  As a result of these changes, participants will not be able to make requests for final distributions for a short period.  A copy of the Notice is set forth in Exhibit 99.1 and is incorporated by reference herein.

 

 

ITEM 7.          FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

 

(a)

 

Exhibits

 

 

 

 

 

99.1

Notice to Executive Officer and Directors of Central Pacific Bank dated May 22, 2003

 

 

 

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SIGNATURES

 

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

Central Pacific Financial Corp.

 

 

 

 

 

(Registrant)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date:

May 22, 2003

 

 

 

/s/ Clint Arnoldus

 

 

 

 

 

Clint Arnoldus

 

 

 

 

 

Chairman, President and

 

 

 

 

 

Chief Executive Officer

 

 

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