WAFD Inc. Reports Executive Changes & Compensation on Jan 30
Ticker: WAFDP · Form: 8-K · Filed: Jan 30, 2024 · CIK: 936528
| Field | Detail |
|---|---|
| Company | Wafd Inc (WAFDP) |
| Form Type | 8-K |
| Filed Date | Jan 30, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**WAFD Inc. just dropped an 8-K detailing executive changes and compensation, watch for strategic shifts!**
AI Summary
WAFD, Inc. filed an 8-K on January 30, 2024, to report the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements for certain officers. This filing also includes information about other events and financial statements and exhibits. This matters to investors because changes in leadership and executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can significantly influence a company's strategic direction and operational efficiency, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — Changes in executive leadership can introduce uncertainty regarding future company direction and performance, posing a moderate risk to investors.
Analyst Insight
Investors should monitor WAFD, INC.'s future filings and press releases for specific details on the executive changes and compensation arrangements, as these could signal strategic shifts or financial implications. Understanding who is leaving, who is joining, and how compensation structures are changing can provide insight into the company's future direction and stability.
Key Numbers
- January 30, 2024 — Date of Report (The date the earliest event reported in the 8-K occurred.)
- 001-34654 — Commission File Number (The SEC file number for WAFD, INC.)
- 91-1661606 — I.R.S. Employer Identification No. (The IRS Employer Identification Number for WAFD, INC.)
- 206-624-7930 — Business Phone Number (The primary contact number for WAFD, INC.)
Key Players & Entities
- WAFD, INC. (company) — the registrant filing the 8-K
- Washington (company) — state of incorporation for WAFD, INC.
- 001-34654 (dollar_amount) — Commission File Number
- 91-1661606 (dollar_amount) — I.R.S. Employer Identification No.
- 425 Pike Street Seattle Washington 98101 (company) — Address of Principal Executive Offices
- 206-624-7930 (dollar_amount) — Registrant’s telephone number
- January 30, 2024 (dollar_amount) — Date of earliest event reported
Forward-Looking Statements
- WAFD, INC. will likely provide more specific details regarding the executive changes and compensation in subsequent filings or press releases. (WAFD, INC.) — medium confidence, target: Q1 2024
FAQ
What is the primary purpose of WAFD, INC.'s 8-K filing dated January 30, 2024?
The primary purpose of WAFD, INC.'s 8-K filing dated January 30, 2024, is to report the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as other events and financial statements and exhibits.
What is the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 30, 2024.
What is the Commission File Number for WAFD, INC. as stated in the filing?
The Commission File Number for WAFD, INC. is 001-34654.
Where are the principal executive offices of WAFD, INC. located?
The principal executive offices of WAFD, INC. are located at 425 Pike Street, Seattle, Washington 98101.
Under which section of the Securities Exchange Act of 1934 is this current report filed?
This current report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 1,218 words · 5 min read · ~4 pages · Grade level 12.1 · Accepted 2024-01-30 17:28:58
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value per share WAFD NASDAQ Stock M
Filing Documents
- wfsl-20240130.htm (8-K) — 40KB
- wafdandlbsmergerapproval.htm (EX-99.1) — 6KB
- wafdandlbsmergerapproval001.jpg (GRAPHIC) — 211KB
- wafdandlbsmergerapproval002.jpg (GRAPHIC) — 158KB
- 0000936528-24-000034.txt ( ) — 723KB
- wfsl-20240130.xsd (EX-101.SCH) — 2KB
- wfsl-20240130_def.xml (EX-101.DEF) — 15KB
- wfsl-20240130_lab.xml (EX-101.LAB) — 30KB
- wfsl-20240130_pre.xml (EX-101.PRE) — 16KB
- wfsl-20240130_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events Regulatory Approval On January 30, 2024, WaFd and Luther Burbank issued a joint press release announcing that WaFd and Luther Burbank received the required regulatory approvals from the Federal Deposit Insurance Corporation and the Washington State Department of Financial Institutions for LB Savings to be merged with and into WaFd Bank, and from the Board of Governors of the Federal Reserve System for Luther Burbank to be merged with and into WaFd, in each case on the terms and subject to the conditions of the Merger Agreement. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (a) Not applicable (b) Not applicable (c) Not applicable (d) The following exhibits are being furnished herewith: 99.1 Joint P ress R elease of WaFd Inc. and Luther Burbank Co r porat ion, dated January 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 4
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. January 30, 2024 WAFD, INC. By: /s/ KELLI J. HOLZ Kelli J. Holz Executive Vice President and Chief Financial Officer 5