WAFD, Inc. Files 8-K: Operations, Personnel, and Financials

TL;DR

WAFD filed an 8-K detailing financial results and officer changes as of Jan 16, 2025.

AI Summary

WAFD, Inc. filed an 8-K on January 21, 2025, reporting events as of January 16, 2025. The filing covers results of operations, financial condition, director/officer changes, and regulatory disclosures. It also includes financial statements and exhibits.

Why It Matters

This 8-K filing provides crucial updates on WAFD, Inc.'s financial performance and corporate governance, which are important for investors to assess the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This filing is a routine 8-K reporting standard corporate events and financial information, not indicating any immediate or significant risks.

Key Players & Entities

• WAFD, INC. (company) — Filer of the 8-K report
• January 16, 2025 (date) — Earliest event date reported
• January 21, 2025 (date) — Date of report filing
• 425 PIKE STREET SEATTLE WA 98101 (address) — Company business address

FAQ

Key Financial Figures

• $1.00 — ange on which registered Common Stock, $1.00 par value per share WAFD NASDAQ Stock M

Filing Documents

• wfsl-20250116.htm (8-K) — 41KB
• transitionagreementandge.htm (EX-10.1) — 9KB
• exhibit991_december2024ear.htm (EX-99.1) — 707KB
• exhibit992_december2024fac.htm (EX-99.2) — 713KB
• a02pro013481_iconxquotation.jpg (GRAPHIC) — 24KB
• a02pro013481_logoxwafdbank.jpg (GRAPHIC) — 292KB
• logo_wafdbank.jpg (GRAPHIC) — 292KB
• logo_wafdbank2.jpg (GRAPHIC) — 9KB
• transitionagreementandge001.jpg (GRAPHIC) — 205KB
• transitionagreementandge002.jpg (GRAPHIC) — 223KB
• transitionagreementandge003.jpg (GRAPHIC) — 141KB
• 0000936528-25-000031.txt ( ) — 3300KB
• wfsl-20250116.xsd (EX-101.SCH) — 2KB
• wfsl-20250116_def.xml (EX-101.DEF) — 15KB
• wfsl-20250116_lab.xml (EX-101.LAB) — 27KB
• wfsl-20250116_pre.xml (EX-101.PRE) — 16KB
• wfsl-20250116_htm.xml (XML) — 4KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On January 16, 2025, WaFd, Inc. (the "Company") announced by press release its earnings for the quarter ended December 31, 2024. A copy of the press release is attached to this filing as Exhibit 99.1. A copy of the December 31, 2024 Fact Sheet, which presents certain detailed financial information about the Company, is attached as Exhibit 99.2. This information is being furnished under Item 2.02 (Results of Operations and Financial Condition) of Form 8-K. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Effective January 16, 2025, Mr. James Endrizzi, Executive Vice President and Chief Commercial Banker of WaFd, Inc. and its banking subsidiary, WaFd Bank, will be transitioning to a new role as the Senior Vice President and Regional Director of Commercial Real Estate Banking for Utah and Idaho, where he will focus on commercial real estate lending in the Utah and Idaho regions. In connection with this change, Mr. Endrizzi will no longer sit on the Executive Management Committee of the Company and will no longer be an executive officer. Mr. Endrizzi's duties as Chief Commercial Banker have been reassigned to other officers of the Bank. In connection with Mr. Endrizzi's change in duties, and pursuant to a Transition Agreement entered into by Mr. Endrizzi and the Company, he will no longer be a participant in the short-term or long-term incentive plans applicable to executive officers. Mr. Endrizzi will additionally forfeit his right to receive any bonus payout under the short-term incentive plan applicable to executive officers for fiscal 2025, and will forfeit unvested awards of 37,841 shares of restricted stock and performance shares granted under the Company's 2020 Incentive Plan. Mr. Endrizzi's Change in Control Agreement with the Company and his Indemnification Agreements with the Company and WaFd

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure As described in the Company's January 16, 2025 press release, the Company announced that its wholly owned banking subsidiary Washington Federal Bank (the "Bank") will no longer originate single family mortgages and home equity lines of credit ("HELOCs"). The Bank will continue to hold its existing single family mortgages and HELOCs. The information set forth in this Item 7.01 and in the press release is deemed to be "furnished" and shall not be deemed to be "filed" for purposes of the Securities Exchange Act of 1934, as amended. 3

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits 10.1 Transition Agreement and General Release 99.1 Press release dated January 16, 2025 99.2 Fact Sheet as of December 31, 2024 Important Cautionary Statements The foregoing information should be read in conjunction with the financial statements, notes and other information contained in the Company's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. This press release contains statements about the Company's future that are not statements of historical or current fact. These statements are "forward-looking statements" for purposes of applicable securities laws and are based on current information and/or management's good faith belief as to future events. Words such as "expects," "anticipates," "believes," "estimates," "intends," "forecasts," "may," "potential," "projects," and other similar expressions or future or conditional verbs such as "will," "should," "would," and "could" are intended to help identify such forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes any such statements are based on reasonable assumptions, forward-looking statements should not be read as a guarantee of future performance, and you are cautioned not to place undue reliance on any forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement. By their nature, forward-looking statements involve inherent risk and uncertainties including the following risks and uncertainties, and those risks and uncertainties more fully discussed under "Risk Factors" in the Company's September 30, 2024 10-K, and Quarterly Reports on Form 10-Q which could cause actual performance to differ materially from that anticipated by any forward-looking statements. Forward-looking statements relating to our financial condition or operations are subject to risks and uncertainties related

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 17, 2024 WAFD, INC. By: /s/ KELLI J. HOLZ Kelli J. Holz Executive Vice President and Chief Financial Officer 5

View Full Filing

View this 8-K filing on SEC EDGAR