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): June 23, 2016
MATSON, INC.
(Exact Name of Registrant as Specified in its Charter)
HAWAII |
|
001-34187 |
|
99-0032630 |
(State or other jurisdiction of |
|
(Commission File Number) |
|
(I.R.S. Employer Identification |
1411 Sand Island Parkway |
|
|
Honolulu, Hawaii |
|
96819 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrants telephone number, including area code: (808) 848-1211
(Former Name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d)
Appointment of New Director
At its meeting on June 23, 2016, the board of Directors (the Board) of Matson, Inc. (Matson or the Company) approved an increase in the number of directors on the Board from seven (7) to eight (8) and appointed Stanley M. Kuriyama as a member of the Board effective immediately to fill the vacancy created thereby.
There are no arrangements or understandings between Mr. Kuriyama, on the one hand, and the Company or any other persons, on the other hand, pursuant to which Mr. Kuriyama was selected as a director.
Mr. Kuriyama has not been appointed to serve on any Board committees.
Mr. Kuriyama is the Executive Chairman of Alexander & Baldwin, Inc. From January 2010 until his retirement in December 2015, Mr. Kuriyama served as Alexander & Baldwins president and chief executive officer.
As a non-employee director, Mr. Kuriyama will participate in the non-employee director compensation arrangements described under Compensation of Directors in the Companys definitive proxy statement filed with the Securities and Exchange Commission on March 14, 2016, which description is incorporated herein by reference.
A copy of the Companys press release announcing the appointment of Mr. Kuriyama to the Board is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(a) - (c) Not applicable.
(d) Exhibits.
99.1 Press Release issued by Matson, Inc., dated June 23, 2016
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
MATSON, INC. |
|
|
|
|
|
/s/ Joel M. Wine |
|
Joel M. Wine |
|
Senior Vice President & Chief Financial Officer |
Dated: June 23, 2016
Exhibit 99.1
Investor Relations inquiries: |
Media inquiries: |
FOR IMMEDIATE RELEASE
STANLEY KURIYAMA APPOINTED TO MATSON, INC. BOARD OF DIRECTORS
HONOLULU, Hawaii (June 23, 2016) The Board of Directors of Matson, Inc. (Matson or the Company) appointed Stanley Kuriyama as a director of the Company, effective June 23, 2016.
Mr. Kuriyama is the Executive Chairman of Alexander & Baldwin, Inc. He first joined Alexander & Baldwin in 1992, and from January 2010 until his retirement in December 2015, he served as Alexander & Baldwins president and chief executive officer. Prior to joining Alexander & Baldwin, Mr. Kuriyama was a partner in the law firm of Cades Schutte Fleming & Wright, specializing in real estate and real estate financing. He is a 1977 graduate of Harvard Law School.
Stan is a proven leader with deep experience in the Hawaii business community, and we are very pleased to welcome him as a member of the Board of Directors, said Walter Dods, Jr., Chairman of Matsons Board of Directors.
About Matson
Founded in 1882, Matson is a leading U.S. carrier in the Pacific. Matson provides a vital lifeline to the economies of Hawaii, Alaska, Guam, Micronesia and select South Pacific islands, and operates a premium, expedited service from China to Southern California. The Companys fleet of 23 vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges. Matson Logistics, established in 1987, extends the geographic reach of Matsons transportation network throughout the continental U.S. Its integrated, asset-light logistics services include rail intermodal, highway brokerage and warehousing. Additional information about Matson, Inc. is available at www.matson.com.