Form 4: Director Ngo Exits Central Pacific Financial Board
Director Departure Notification
Agnes Catherine Ngo has ceased her directorship at Central Pacific Financial Corp., effective October 1, 2025, ending her Section 16 reporting obligations.
Summary
- Agnes Catherine Ngo's position as a director of Central Pacific Financial Corp. (CPF) concluded on October 1, 2025.
- As a result of her departure, Ms. Ngo is no longer subject to Section 16 of the Securities Exchange Act of 1934.
- She will no longer be required to file Forms 4 or 5 for transactions in CPF equity securities.
- This Form 4 filing indicates no new acquisitions or dispositions of securities by Ms. Ngo.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of a director's departure and cessation of Section 16 reporting obligations, containing no positive or negative financial or operational news for the company.
Future Outlook
Agnes Catherine Ngo will no longer be subject to Section 16 reporting requirements for transactions in Central Pacific Financial Corp. equity securities.
Industry Context
This is a routine insider transaction report disclosing a change in a director's status and subsequent cessation of reporting obligations, which is a standard regulatory disclosure in the financial industry.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Agnes Catherine Ngo | N/A | 10/01/2025 | Cessation of directorship, no specific reason provided in the filing. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reporting Obligation Change | Agnes Catherine Ngo is no longer subject to Section 16 reporting requirements for Central Pacific Financial Corp. equity securities due to the end of her directorship. | 10/01/2025 | Reduces the number of individuals required to file insider transaction reports for CPF. |
Stakeholder Impact
- Shareholders: A director is leaving the board, which is a routine governance event. No immediate financial implications are disclosed.
- Regulatory Authorities: The SEC is informed of the change in reporting obligations for a former insider.
Key Dates
| Date | Description |
|---|---|
| 05/15/2015 | Date Power of Attorney was executed by A. Catherine Ngo. |
| 10/01/2025 | Effective date of Agnes Catherine Ngo's departure as a director from Central Pacific Financial Corp. |
| 10/06/2025 | Date the Form 4 was signed by attorney-in-fact. |
Keywords
Central Pacific Financial Corp, CPF, Agnes Catherine Ngo, Director Resignation, SEC Form 4, Insider Trading Reporting, Corporate Governance
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