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): April 13, 2006
ALEXANDER & BALDWIN, INC.
(Exact name of registrant as specified in its charter)
Hawaii 0-565 99-0032630
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
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incorporation) Identification No.)
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822 Bishop Street, P. O. Box 3440
Honolulu, Hawaii 96801
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(Address of principal executive office and zip code)
(808) 525-6611
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(Registrant's telephone number, including area code)
Not Applicable
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(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 (see General Instruction A.2.):
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|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
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|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
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|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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|_| 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 Principal Officers; Election of
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Directors; Appointment of Principal Officers.
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(b) Resignation of Principal Officer
On April 13, 2006, Thomas A. Wellman resigned from his position as Vice
President, Controller and Treasurer of Alexander & Baldwin, Inc.
(the "Company"), effective as of May 1, 2006.
(c) Appointment of Principal Officer
On April 17, 2006, the Company's Board of Directors appointed Paul K. Ito as
Controller, effective as of May 1, 2006. Mr. Ito, age 35, has served as Director
of Internal Audit since April 1, 2005. Before joining the Company, Mr. Ito was a
senior manager in the accounting consultation and research group for the
national office of Deloitte & Touche LLP. Mr. Ito joined Deloitte & Touche LLP
in Honolulu in 1996, and held various positions in Honolulu and San Jose before
joining Deloitte & Touche LLP's national office in San Francisco.
In addition, the Board appointed Christopher J. Benjamin as Treasurer, effective
as of May 1, 2006. Mr. Benjamin will retain his positions as Senior Vice
President, which he has served as since July 1, 2005, and Chief Financial
Officer, which he has served as since February 9, 2004.
Finally, the Board appointed Timothy H. Reid as Assistant Treasurer, effective
as of May 1, 2006. Mr. Reid will continue to serve as Treasurer of Matson
Navigation Company, Inc., a wholly-owned subsidiary of the Company, a position
that he has held since July 1, 1992.
On April 17, 2006, the Company issued a press release announcing the
above-described resignation and appointments. The full text of the press release
is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
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(d) Exhibits
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99.1 Press Release announcing resignation of Thomas A. Wellman
and appointments of Paul K. Ito, Christopher J. Benjamin,
and Timothy H. Reid, issued on April 17, 2006.
SIGNATURE
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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.
Date: April 18, 2006
ALEXANDER & BALDWIN, INC.
/s/ Christopher J. Benjamin
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Christopher J. Benjamin
Senior Vice President and
Chief Financial Officer