First Western Financial Reports Officer Compensation Changes
Ticker: MYFW · Form: 8-K · Filed: Feb 21, 2024 · CIK: 1327607
| Field | Detail |
|---|---|
| Company | First Western Financial Inc (MYFW) |
| Form Type | 8-K |
| Filed Date | Feb 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $275,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: compensatory-arrangements, officer-changes, 8-K
TL;DR
**First Western Financial just filed an 8-K about changes to officer compensation and possibly leadership, effective February 14, 2024.**
AI Summary
First Western Financial, Inc. filed an 8-K on February 21, 2024, reporting an event that occurred on February 14, 2024. The filing pertains to Item 5.02, "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers," and Item 9.01, "Financial Statements and Exhibits." The report indicates changes in officer compensation arrangements, though specific details on individuals or dollar amounts are not provided in the excerpt.
Why It Matters
This filing signals potential shifts in executive leadership or compensation structures at First Western Financial, which could impact company strategy and financial performance.
Risk Assessment
Risk Level: medium — Changes in officer compensation or departures can introduce uncertainty regarding future leadership and strategic direction, but the specific details are not yet known.
Key Players & Entities
- First Western Financial Inc (company) — Registrant
- February 14, 2024 (date) — Date of earliest event reported
- February 21, 2024 (date) — Filed as of date
- Colorado (company) — State of incorporation
- Denver (company) — Business address city
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 14, 2024.
What items were reported in this 8-K filing?
This 8-K filing reported on Item 5.02, "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers," and Item 9.01, "Financial Statements and Exhibits."
When was this 8-K filed with the SEC?
This 8-K was filed with the SEC on February 21, 2024.
What is the business address of First Western Financial, Inc.?
The business address of First Western Financial, Inc. is 1900 16th Street, Suite 1200, Denver, Colorado 80202.
What is the telephone number for First Western Financial, Inc.?
The telephone number for First Western Financial, Inc. is (303) 531-8100.
Filing Stats: 911 words · 4 min read · ~3 pages · Grade level 11.7 · Accepted 2024-02-21 16:15:31
Key Financial Figures
- $275,000 — t provides an annualized base salary of $275,000, which shall be reviewed annually and i
Filing Documents
- myfw-20240214.htm (8-K) — 29KB
- dw021424_ex101.htm (EX-10.1) — 127KB
- 0001327607-24-000036.txt ( ) — 307KB
- myfw-20240214.xsd (EX-101.SCH) — 2KB
- myfw-20240214_lab.xml (EX-101.LAB) — 24KB
- myfw-20240214_pre.xml (EX-101.PRE) — 13KB
- myfw-20240214_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Employment Agreement, dated February 14, 2024 , by and between First Western Financial, Inc. and David R. Web er
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FIRST WESTERN FINANCIAL, INC. Date: February 21, 2024 By: /s/ David R. Weber David R. Weber Chief Financial Officer and Treasurer