He is Vice Chairman and executive committee member of UCLA Anderson School Board of Advisors and is an advisory board member at the Centre of Neuro Skills. Brian Bowers Board Vice Chair. Robert Harrison is the Chairman of the Board, President and Chief Executive Officer of First Hawaiian, Inc. and First Hawaiian Bank. Dec 2009 - Jan 202010 years 2 months. She also serves on the managing board of The Clearing House and is a member of the American College of Real Estate Lawyers. Senior Vice President, Chief Operating Officer. HONOLULU, Dec. 06, 2022 (GLOBE NEWSWIRE) First Hawaiian, Inc. ( NASDAQ: FHB ), the parent company of First Hawaiian Bank, announced today the appointment of Mark Mugiishi, M.D., F.A.C.S., to serve on its Board of Directors and the Board of Directors of First Hawaiian Bank. Hawaii Foodbank is a nonprofit 501(c)3 organization.Tax ID Number: 99-0220699. A couple is suing a Hawaiian snorkeling company for $5 million after they were abandoned in the ocean. Get in touch with a banker and see your many options for relief. Bank of Hawaii Corporation. She has experience as a commercial real estate transactions attorney in private firms and in-house. Fujimoto also serves as the Trustee and Chairman of the HPM Building Supply Foundation, Secretary of the Board of Directors of the Kohala Institute and Vice President of the Board of the New Moon Foundation. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Media . 2022 the Company's Board of Directors declared a quarterly cash dividend of $0.26 per share. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Changes in these assumptions may have a material impact on the backtested returns presented. We are pleased to welcome Jim and Kelly to our team. His familiarity with the values and strategic direction of the bank will serve our stakeholders and employees well as we continue to modernize our operations and offerings to meet the evolving needs of our clients and customers.. Routing Transit Number: 121301015. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. He is Vice Chairman and executive committee member of UCLA Anderson School Board of Advisors and is an advisory board member at the Centre of Neuro Skills. Program Graduate 2016 . Thompson spent 2007 through 2019 working in various eCommerce roles at Walmart, Inc. From 2017 until 2019, she served as the Chief Operating Officer of samsclub.com with responsibility for a multi-billion dollar omni channel P&L as well as the Digital strategic work stream. Executive Vice President & Division Manager at First Hawaiian Bank. Full-Time. The Hawaiian archipelago includes more than 100 islands, atolls, and islets. He was elected to First Hawaiian Bank's Board of Directors in December 2009 and appointed to the bank's holding company board, First Hawaiian, Inc. in April 2016. Michael Fujimoto First Hawaiian, Inc. (NASDAQ: FHB), the parent company of First Hawaiian Bank, announced today the appointment of Michael Fujimoto, executive chairman of Hawaii Planing Mill, Ltd . Investor Relations Contact: Kevin Haseyama, CFA(808) 525-6268khaseyama@fhb.com, Media Contact:Susan Kam(808) 525-6254skam@fhb.com, A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef077456-26d6-4195-b14b-4cf93edbbd40, https://www.globenewswire.com/NewsRoom/AttachmentNg/ef077456-26d6-4195-b14b-4cf93edbbd40, UPDATE 1-China parliament to review state entity reform plan, Legislative Law, Paid express lanes grow more popular in once-reluctant South, REFILE-UPDATE 1-China's defence spending increases have been 'reasonable' - parliament spokesman, UPDATE 3-Actor Tom Sizemore, known for tough-guy roles and scandal, dead at 61, US prepares new rules on investment in technology abroad- WSJ. All appointments are effective December 6, 2022. He was elected to First Hawaiian Banks Board of Directors in December 2009 and appointed to the banks holding company board, First Hawaiian, Inc. in April 2016. We are pleased to welcome Jim and Kelly to our team. Kelly A. Thompson is a retail leader with over 24 years of expertise in connecting dots between talent, product, data and technology to drive growth and transformation. She is a Vice President and Personal Trust Wealth Advisor with First Hawaiian Bank and holds Certified Financial Planner and Chartered Life Underwriter designations. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Personal Banking. Dr. Mugiishi also was appointed to the Board of Directors Risk Committee. Its principal subsidiary, First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii's oldest and largest financial institution with branch locations throughout Hawaii, Guam and Saipan . HONOLULU, Hawaii , July 14, 2021 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB), the parent company of First Hawaiian Bank, announced today the appointment of James S. Moffatt, former Chairman/CEO of Deloitte Consulting, and Kelly A. Thompson, former Senior Vice President, Chief Operating Officer . FHB Commercial Online, formerly known as OBC, is our powerful and easy to use online banking system for businesses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. She holds a bachelors degree in biology from the University of California San Diego. BOARD INCREASES QUARTERLY DIVIDEND On February 10, 2023, HEI announced that the Board of Directors increased the quarterly cash dividend from $0.35 to $0.36 per share, payable on March 10, 2023 to . Other. Additionally, she spent 10 years in key merchandising leadership roles at Gap, Inc. Thompson currently serves on the Board of Directors for Turtle Beach Corporation, a NASDAQ-listed global gaming accessory company based in White Plains, New York, aka Brands, a San Francisco-based direct-to-consumer fashion brands company and Bolt Threads, a sustainable biomaterial solutions company based in the San Francisco Bay area. Fujimoto has led HPM Building Supply in various leadership roles including executive chairman, director, and president and chief executive officer from 1992-2018. Vanessa Washington appointed to Boards of Directors First Hawaiian, Inc. and First Hawaiian Bank. Vanessa Washington served as the Bank of the West Senior Executive Vice President, General Counsel and Secretary from 2006 until her retirement in October 2020. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. He is the Chairman of the Executive Committee and a member of the Board Risk Management Committee, Nominating Committee and Remuneration and Human Capital Committee. Customers may also access their accounts through ATMs, online and mobile banking channels. Customers may also access their accounts through ATMs, online and mobile banking channels. Vice President and Commercial Banking Officer at First Hawaiian Bank . For simple answers, start here. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. First Hawaiian, Inc. HONOLULU, Hawaii , July 14, 2021 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB), the parent company of First Hawaiian Bank, announced today the appointment of James S. Moffatt, former Chairman/CEO of Deloitte Consulting, and Kelly A. Thompson, former Senior Vice President, Chief Operating Officer, samsclub.com, to serve on the Board of Directors of First Hawaiian, Inc. and its bank subsidiary, First Hawaiian Bank. Read More As we transition to a Digital First organization, their combined expertise in the areas of technology, risk management, ecommerce, innovative talent development and strategic transformation, will provide valuable insight and guidance as we plan the future direction of our company, said Bob Harrison, First Hawaiian Inc. Chairman, President and CEO. He has served HMSA in a variety of capacities since 1995, from part-time medical director to consultant. He is currently a Trustee of the Parker Ranch Foundation Trust and has been Chairman of the Board and a member of the Audit and Governance Committees of Parker Ranch Inc., a privately held ranching operation located in Waimea on the Big Island of Hawaii. Get in touch with a banker and see your many options for relief. About. He currently is a board member of Digital Transformation Opportunities Corp., a NASDAQ-listed company, and of Optiv, a cybersecurity solutions integrator. Mr. Harrison is the Chairman of the Board, President and Chief Executive Officer of First Hawaiian, Inc. and First Hawaiian Bank. . www.FHB.com. The TipRanks Smart Score performance is based on backtested results. In this role, you will oversee the operations of the Banking Center. We are pleased to welcome Dr. Mugiishi and thank him for agreeing to serve on our Board. Sandra has lived in Kalihi since 1987. First Hawaiian Appoints Faye W. Kurren and Jenai S. Wall. Director - Membership Chair Mr. Ho was appointed president in 2008 and, in 2010, added the titles of Chairman and CEO. It's another payday and once again, the only thing between you and your money is the line at the teller window. For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate., Invest Like a Pro with Unique Data & Simplifed Tools, First Hawaiian board adopts $40M stock repurchase program, First Hawaiian, Inc. Reports Fourth Quarter 2022 Financial Results and Declares Dividend, First Hawaiian reports Q4 EPS 62c, consensus 58c. She also serves as a director of the bank. For more information about First Hawaiian, Inc., visit the Companys website, www.fhb.com. View Dan's full profile . Quickly access all of your First Hawaiian Bank investment and retirement account information. to the First Hawaiian, Inc. Board of Directors . If you're experiencing hardship right now, First Hawaiian is here to help. Additionally, she spent 10 years in key merchandising leadership roles at Gap, Inc. Thompson currently serves on the Board of Directors for Turtle Beach Corporation, a NASDAQ-listed global gaming accessory company based in White Plains, New York, aka Brands, a San Francisco-based direct-to-consumer fashion brands company and Bolt Threads, a sustainable biomaterial solutions company based in the San Francisco Bay area. Moffatt holds a bachelors degree from the University of California San Diego and an MBA from UCLA Anderson School of Management. Wai Kee Chan, CFP Morgan Stanley 733 Bishop Street Suite 2800 Honolulu, HI 96813 Ph: 808-525-7963. Hawaiian Electric. Media Contact:Lindsay ChambersVice President & Public Relations ManagerFirst Hawaiian Bank(808) 286-6340LChambers@fhb.com, Investor Relations Contact: Kevin Haseyama, CFA(808) 525-6268khaseyama@fhb.com, A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/74b68514-a6d0-4cae-8ed1-bd96722f2be5, https://www.globenewswire.com/NewsRoom/AttachmentNg/74b68514-a6d0-4cae-8ed1-bd96722f2be5. (ASB), HEI's wholly owned bank subsidiary, where she has served as a director since 2018 and as audit committee chair . Investor Relations Contact: Kevin Haseyama, CFA(808) 525-6268khaseyama@fhb.com, Media Contact:Susan Kam(808) 525-6254skam@fhb.com, Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fbc004e6-1f5b-4a48-902b-9b5263b74fdc, https://www.globenewswire.com/NewsRoom/AttachmentNg/a52fbb38-4b1e-40ef-93b1-f9e959089ada, https://www.globenewswire.com/NewsRoom/AttachmentNg/fbc004e6-1f5b-4a48-902b-9b5263b74fdc, UPDATE 1-China parliament to review state entity reform plan, Legislative Law, Paid express lanes grow more popular in once-reluctant South, REFILE-UPDATE 1-China's defence spending increases have been 'reasonable' - parliament spokesman, UPDATE 3-Actor Tom Sizemore, known for tough-guy roles and scandal, dead at 61, US prepares new rules on investment in technology abroad- WSJ. Albuquerque, New Mexico Area. Dr. Mugiishi co-founded the Endoscopy Institute of Hawaii and the Eye Surgery Center of Hawaii and was a medical director at Hawaii technology accelerators. There are a number of independent non-executive directors on the Emirates NBD Board. Immediate Past President Cathy Camp Central Pacific Bank. It is the largest Hawaii corporate foundation contributing to charities in Hawaii, Guam . To receive international wire transfer in your First Hawaiian Bank account, please use the following wire instructions: Bank Name: First Hawaiian Bank. Media Contact: Lindsay Chambers Vice President & Public Relations Manager First Hawaiian Bank (808) 286-6340 LChambers@fhb.com Investor Relations Contact: Kevin Haseyama, CFA (808) 525-6268 . Read More . First Hawaiian, Inc. (NASDAQ: FHB) is a bank holding company headquartered in Honolulu, Hawaii. A native of Honolulu, Mr. Ho joined Bank of Hawaii in 1993 working in and managing a number of operating businesses, including Commercial Banking, Retail Banking, and Trust and Private Client Services. Quickly access all of your First Hawaiian Bank investment and retirement account information. FHB Commercial Online, formerly known as OBC, is our powerful and easy to use online banking system for businesses. First Hawaiian, Inc. (NASDAQ: FHB) is a bank holding company headquartered in Honolulu, Hawaii. . Prior to being named Chief Executive Officer in 2012, he served as Chief Operating Officer of First Hawaiian Bank from December 2009 to January 2012 and as its President from December 2009 to June 2015. Our successful relationship-based business development model has sustained us for over 162 years and we are leveraging technology to help our bankers continue to deliver the top-notch service experiences that our customers have come to expect from us.. Deposit products offered by First Hawaiian Bank,Member FDIC. HAWEL Valuations. Jim Alberts Board Secretary. No representations and warranties are made as to the reasonableness of the assumptions. It is a subsidiary of BancWest Corporation, a regional financial services holding company. Mr. Harrison joined First Hawaiian Bank in 1996 and has over 30 years of financial industry experience working for banks in New York and Hawaii. Engage via Email. CEO Pay Ratio. Exhibit 99.1 . First Hawaiian, Inc., the parent company of First Hawaiian Bank, announced the appointment of Mark Mugiishi, M.D., F.A.C.S., to serve on its Board of Directors and the Board of Directors of First Hawaiian Bank. Sign up to get the latest Hawaii Foodbank news, events, volunteer opportunities and more. He currently serves as a member of the Board of Directors for Pacific Guardian Life, Hawaii Bankers Association, Hawaii Business Roundtable, Hawaii Community Foundation, Maryknoll Foundation and is Chairman of Hawaii Medical Service Association, the independent licensee of Blue Cross and Blue Shield Association in Hawaii. James S. Moffatt has extensive experience in helping clients with strategy, growth, innovation and transformation, and has served at the most senior levels of Deloitte, a leading global professional services firm. Harrison is also Chairman of Hawaii Medical Service Association, Inc. and Chairman of First Hawaiian Bank Foundation and on the board of 11 other companies. He is currently a Trustee of the Parker Ranch Foundation Trust and has been Chairman of the Board and a member of the Audit and Governance Committees of Parker Ranch Inc., a privately held ranching operation located in Waimea on the Big Island of Hawaii. He holds a bachelors and masters degree in Economics from the University of Massachusetts, Amherst, and a Master of Business Administration from the University of California, Berkeley. We are pleased to welcome Jim and Kelly to our team. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. First Hawaiian Bank lifted its stake in shares of Workday by 44.7% in the third quarter. No cash balance or cash flow is included in the calculation. Just enter your email adress and click Submit. MARTIN ANDERSON Trustee Emeritus Retired Senior Partner Goodsill, Anderson, Quinn & Stifel Palo Alto, California STEVEN K. BAKER Trustee Emeritus Former Citibank Executive Director of Telephone Companies Honolulu, Hawaii ADRIAN D.P. Senior Executive Vice President. This information is provided for illustrative purposes only. TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. James S. Moffatt has extensive experience in helping clients with strategy, growth, innovation and transformation, and has served at the most senior levels of Deloitte, a leading global professional services firm. Locations. The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype. He was named Vice Chairman in 2007 and served as the Bank's Chief Risk Officer from 2006 to 2009. First Hawaiian, Inc. (NASDAQ: FHB) is a bank holding company headquartered in Honolulu, Hawaii. If you're experiencing hardship right now, First Hawaiian is here to help. Mufi Hannemann Hawaii Lodging & Tourism Association President & CEO Glenn Vergara Waikiki Resort Hotel Chairperson Michael Jokovich Andaz Maui at Wailea Resort Chairperson Elect Cheryl Williams Highgate Hotels Vice Chairperson Stephen Kaaa First Hawaiian Bank He was elected to First Hawaiian Banks Board of Directors in December 2009 and appointed to the banks holding company board, First Hawaiian, Inc. in April 2016. Member Board Of Directors Hawai'i Association for Industrial-Organizational Psychology . Customers may also access their accounts through ATMs, online and mobile banking channels. Based on our data team's research, Robert S. Harrison is the First Hawaiian Bank's CEO. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Get in touch with a banker and see your many options for relief. October 13, 2022 22:00 ET First Hawaiian, Inc. Reports Fourth Quarter 2021 Financial Results and Declares Dividend. Guy Churchill Board Treasurer. If you're experiencing hardship right now, First Hawaiian is here to help. As we transition to a Digital First organization, their combined expertise in the areas of technology, risk management, ecommerce, innovative talent development and strategic transformation, will provide valuable insight and guidance as we plan the future direction of our company, said Bob Harrison, First Hawaiian Inc. Chairman, President and CEO. Ms. Teranishi joined the bank in 2007 and leads the management team responsible for growing the bank's business to better serve Hawaii's retail and business customers. Dr. Mugiishi also was appointed to the Board of Directors . AVP, Financial Center Manager II. He spent the majority of his 35-year professional career with Deloitte Consulting in Los Angeles, California. Karen Knudsen, East-West Center Association HONOLULU, Oct. 13, 2022 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB), the parent company of First Hawaiian Bank, announced today the appointment of Michael Fujimoto, executive chairman of Hawaii Planing Mill, Ltd. dba HPM Building Supply, to serve on the Board of Directors of First Hawaiian, Inc. Fujimoto was appointed as a member of . Thompson spent 2007 through 2019 working in various eCommerce roles at Walmart, Inc. From 2017 until 2019, she served as the Chief Operating Officer of samsclub.com with responsibility for a multi-billion dollar omni channel P&L as well as the Digital strategic work stream. It was Board Officers David Herndon,Chair Hawaii Medical Service Association Christina Hause,First Vice Chair Kaiser Permanente Neill Char,Second Vice Chair First Hawaiian Bank [] We look forward to drawing on Dr. Mugiishis expertise as we continue to enhance our digital offerings while staying true to our mission of being a relationship bank where our customers expect and receive personalized world class service.. SEC Filings. Hawaii's community bank since 1960. First Hawaiian Bank is Hawaii's oldest and largest bank. Dance performances and traditional art demonstrations are displayed by artisans from Japan, Australia, Tahiti, Philippines, Republic of China (Taiwan), Korea, Hawaii and the rest of the United States. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. The top surface wear and coloration to the patina shows both the area where the man would sit and the notable depression at . FHB Online is currently unavailable. Sign up to receive email alerts whenever First Hawaiian Bank posts new information to the site. Securely access your accounts when and where it's convenient for you. Sandra Harvey is the 2020 President of the Board of Directors. Posted: February 15, 2023. Fujimoto also serves as the Trustee and Chairman of the HPM Building Supply Foundation, Secretary of the Board of Directors of the Kohala Institute and Vice President of the Board of the New Moon Foundation. The bank has 49 branch locations in Hawaii, three on Guam and two in Saipan. HONOLULU, Oct. 13, 2022 (GLOBE NEWSWIRE) First Hawaiian, Inc. (NASDAQ: FHB), the parent company of First Hawaiian Bank, announced today the appointment of Michael Fujimoto, executive chairman of Hawaii Planing Mill, Ltd. dba HPM Building Supply, to serve on the Board of Directors of First Hawaiian, Inc. Fujimoto was appointed as a member of the Audit Committee and the Risk Committee of the Companys Board of Directors, and currently serves on the board of directors of First Hawaiian Bank, a wholly owned subsidiary of the Company. President. James S. Moffatt joins First Hawaiian, Inc. and First Hawaiian Bank Board of Directors. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. This information is provided for illustrative purposes only. Search by Zip Code, City, or Address. Photosaccompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fbc004e6-1f5b-4a48-902b-9b5263b74fdc, https://www.globenewswire.com/NewsRoom/AttachmentNg/a52fbb38-4b1e-40ef-93b1-f9e959089ada, https://www.globenewswire.com/NewsRoom/AttachmentNg/fbc004e6-1f5b-4a48-902b-9b5263b74fdc. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Careers. Moffatt holds a bachelors degree from the University of California San Diego and an MBA from UCLA Anderson School of Management. Fujimoto also serves as the Trustee and Chairman of the HPM Building Supply Foundation, Secretary of the Board of Directors of the Kohala Institute and Vice President of the Board of the New Moon Foundation. First Hawaiian Bank products and services are not available for residents of the European Union. Washington serves on the Board of Directors of San Francisco's Habitat for Humanity where she is the Chair of their Audit Committee. Flores will continue to serve as a director of American Savings Bank, F.S.B. First Hawaiian Bank now owns 6,842 shares of the software maker's stock worth $1,041,000 after buying an . He holds a bachelors and masters degree in Economics from the University of Massachusetts, Amherst, and a Master of Business Administration from the University of California, Berkeley. HONOLULU, Oct. 13, 2022 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB), the parent company of First Hawaiian Bank, announced today the appointment of Michael Fujimoto, executive chairman of Hawaii Planing Mill, Ltd. dba HPM Building Supply, to serve on the Board of Directors of First Hawaiian, Inc. Fujimoto was appointed as a member of the Audit Committee and the Risk Committee of the Companys Board of Directors, and currently serves on the board of directors of First Hawaiian Bank, a wholly owned subsidiary of the Company. Enter your email to receive our newsletter. FHB Online is currently unavailable. BELLAMY Retired Chairman of Williams-Sonoma, Inc . Patty Van Kuran is a Vice President and Private Banking Mortgage Loan Officer at First Hawaiian Bank based in Honolulu, Hawaii. Contact. Rose GalantoPresident. First Hawaiian Bank Honolulu, Hawai'i. Amanda Ellis, East-West Center Association Co-President, East-West Center Association, Executive Board Senior Vice President and Division Manager, Consumer Products Division Senior Director Global Partnerships, ASU Wrigley Global Futures Honolulu, Hawai'i . For its 2021 fiscal year, BANK OF HAWAII CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Financial Stability. All appointments are effective December 6, 2022. He has been a member of the bank's board since 2005. First Hawaiian Bank 5 years 8 months . Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Officers & Chairpersons - 2019. HONOLULU, Hawaii , July 14, 2021 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB), the parent company of First Hawaiian Bank, announced today the appointment of James S. Moffatt, former Chairman/CEO of Deloitte Consulting, and Kelly A. Thompson, former Senior Vice President, Chief Operating Officer, samsclub.com, to serve on the Board of Directors of First Hawaiian, Inc. and its bank subsidiary, First Hawaiian Bank. Officers . Learn More! He was named Vice Chairman in 2007 and served as the Banks Chief Risk Officer from 2006 to 2009. Copyright 2023 Hawaii Foodbank. . Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process.