Finwise Bancorp Reports Director/Officer Changes & Shareholder Votes
Ticker: FINW · Form: 8-K · Filed: Jul 3, 2024 · CIK: 1856365
| Field | Detail |
|---|---|
| Company | Finwise Bancorp (FINW) |
| Form Type | 8-K |
| Filed Date | Jul 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, director-changes, officer-appointments
TL;DR
Finwise Bancorp filed an 8-K on June 27th detailing director changes, officer appointments, and shareholder votes.
AI Summary
Finwise Bancorp filed an 8-K on July 3, 2024, reporting events as of June 27, 2024. The filing indicates changes related to the departure and election of directors, appointment of officers, and compensatory arrangements. It also covers the submission of matters to a vote of security holders and includes financial statements and exhibits.
Why It Matters
This filing signals potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational oversight.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and does not indicate any immediate financial distress or significant operational disruption.
Key Players & Entities
- Finwise Bancorp (company) — Registrant
- June 27, 2024 (date) — Date of earliest event reported
- July 3, 2024 (date) — Date of report
FAQ
What specific changes were made regarding directors and officers?
The filing indicates events related to the departure of directors, election of directors, and appointment of certain officers, as well as compensatory arrangements for certain officers.
Were any matters submitted to a vote of security holders?
Yes, the filing explicitly states the submission of matters to a vote of security holders as an item of information.
What is the primary business of Finwise Bancorp?
Finwise Bancorp is classified under 'STATE COMMERCIAL BANKS' with SIC code 6022.
When was Finwise Bancorp incorporated and in which state?
Finwise Bancorp was incorporated in Utah.
What is the principal executive office address for Finwise Bancorp?
The principal executive offices are located at 756 East Winchester St., Suite 100, Murray, Utah 84107.
Filing Stats: 899 words · 4 min read · ~3 pages · Grade level 12.6 · Accepted 2024-07-03 15:11:42
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share FINW The NASDAQ Stock Market
Filing Documents
- finw-20240627.htm (8-K) — 42KB
- a2019planagreement.htm (EX-10.1) — 88KB
- 0001856365-24-000041.txt ( ) — 271KB
- finw-20240627.xsd (EX-101.SCH) — 2KB
- finw-20240627_lab.xml (EX-101.LAB) — 22KB
- finw-20240627_pre.xml (EX-101.PRE) — 13KB
- finw-20240627_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. At the Annual Meeting, shareholders of record as o f April 29, 2024, the Rec ord Date for the Annual Meeting, were entitled to vote 12,793,555 shares of the Company's common stock (the "Common Stock"), each having one vote per share. A total of 8,741,794 shares of Common Stock were represented at the Annual Meeting in person or by proxy. At the Annual Meeting, the shareholders of the Company (i) elected three director nominees to hold office until the earlier of the 2027 Annual Meeting of Shareholders of the Company or until their successors are elected and qualified or until their earlier resignation or removal, (ii) approved the amendment to the 2019 Plan to increase the number of shares of our Common Stock available for awards under the 2019 Plan by 500,000 shares to 1,780,000 shares and (iii) ratified the appointment of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. Election of Directors The shareholders of the Company elected each of the director nominees proposed by the Board of Directors. The final voting results were as follows: Nominee For Withheld Broker Non-Votes James Giordano 4,695,469 2,358,484 1,687,841 Jeana Hutchings 5,075,621 1,978,332 1,687,841 Alan Weichselbaum 6,875,822 178,131 1,687,841 Amendment of 2019 Plan The shareholders of the Company approved the amendment to the 2019 Plan effecting the increase in the number of shares of our Common Stock available for awards under the 2019 Plan by 500,000 shares to 1,780,000 shares. The voting results were as follows: For Against Abstain Broker Non-Votes 5,749,553 1,285,362 19,038 1,687,841 Ratification of Appointment of Independent Registered Public Accounting Firm The shareholders of the Company ratified the appointment of Moss Adams LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. T
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 FinWise Bancorp 2019 Stock Option Plan. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, FinWise Bancorp has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATE: July 3, 2024 FINWISE BANCORP /s/ Michael O'Brien Name: Michael O'Brien Title: Corporate Secretary and Executive Vice President