Central Pacific Financial Corp. said its shareholders today approved an increase in the number of authorized shares of common stock from 100 million to 185 million shares.

Shareholders also approved a second amendment to the company's restated articles of incorporation to reduce the vote required for future amendments to the articles of incorporation from a two-thirds supermajority of the outstanding shares to vote to a simple majority of over 50 percent.
Both amendments were approved at a special meeting of shareholders held today.