Finwise Bancorp Announces Director Departure and New Appointments
Ticker: FINW · Form: 8-K · Filed: Jul 22, 2024 · CIK: 1856365
| Field | Detail |
|---|---|
| Company | Finwise Bancorp (FINW) |
| Form Type | 8-K |
| Filed Date | Jul 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-departure, new-appointments, executive-compensation
TL;DR
Finwise Bancorp's director Michael J. W. Johnson is out, but he's also in as a new director. New exec pay plans too.
AI Summary
Finwise Bancorp announced on July 16, 2024, the departure of Director Michael J. W. Johnson. The company also elected new directors, including Michael J. W. Johnson, and appointed new officers. Additionally, Finwise Bancorp entered into new compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director departures and new appointments, along with changes in executive compensation, can introduce uncertainty regarding leadership stability and strategic direction.
Key Players & Entities
- Finwise Bancorp (company) — Registrant
- Michael J. W. Johnson (person) — Director
- July 16, 2024 (date) — Date of earliest event reported
- July 22, 2024 (date) — Date of report
FAQ
Who is the departing director and when did their departure become effective?
Director Michael J. W. Johnson departed, with the earliest event reported on July 16, 2024.
Were new directors elected to the board?
Yes, the filing indicates the election of new directors, including Michael J. W. Johnson.
Were there any changes in the company's officers?
Yes, the filing reports the appointment of certain officers.
What is the company's principal executive office address?
The principal executive offices are located at 756 East Winchester St., Suite 100, Murray, Utah 84107.
What is the filing date of this Form 8-K?
This Form 8-K was filed as of July 22, 2024.
Filing Stats: 632 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-07-22 09:06:35
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share FINW The NASDAQ Stock Market
Filing Documents
- finw-20240716.htm (8-K) — 25KB
- 0001856365-24-000046.txt ( ) — 149KB
- finw-20240716.xsd (EX-101.SCH) — 2KB
- finw-20240716_lab.xml (EX-101.LAB) — 22KB
- finw-20240716_pre.xml (EX-101.PRE) — 13KB
- finw-20240716_htm.xml (XML) — 3KB
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 22, 2024 FINWISE BANCORP /s/ Michael O'Brien Name: Michael O'Brien Title: Corporate Secretary and Executive Vice President