WAFD Inc. Files 2025 Proxy Statement

Ticker: WAFDP · Form: DEFA14A · Filed: Jan 29, 2025 · CIK: 936528

Wafd Inc DEFA14A Filing Summary
FieldDetail
CompanyWafd Inc (WAFDP)
Form TypeDEFA14A
Filed DateJan 29, 2025
Risk Levellow
Pages9
Reading Time11 min
Key Dollar Amounts$15,000
Sentimentneutral

Sentiment: neutral

Topics: proxy-statement, shareholder-meeting, corporate-governance

Related Tickers: WAFD

TL;DR

WAFD proxy statement is out, shareholders vote soon.

AI Summary

WAFD, Inc. (formerly Washington Federal Inc.) filed a Definitive Proxy Statement (DEFA14A) on January 29, 2025, for the fiscal year ending September 30, 2024. The filing provides information related to the company's annual meeting and matters presented for shareholder vote. The company is headquartered at 425 Pike Street, Seattle, WA 98101.

Why It Matters

This filing is crucial for shareholders as it outlines the proposals and information necessary to participate in the company's annual meeting and exercise their voting rights.

Risk Assessment

Risk Level: low — This is a routine proxy filing that provides information to shareholders and does not inherently indicate new risks.

Key Numbers

  • 0930 — Fiscal Year End (Indicates the end of the reporting period for the company's financial statements.)
  • 20250129 — Filing Date (The date the Definitive Proxy Statement was filed with the SEC.)

Key Players & Entities

  • WAFD INC (company) — Registrant
  • Washington Federal Inc. (company) — Former Company Name
  • 425 Pike Street, Seattle, WA 98101 (company) — Business Address

FAQ

What is the purpose of a DEFA14A filing?

A DEFA14A filing, or Definitive Proxy Statement, is used by companies to solicit proxies from shareholders for an upcoming meeting, providing details on matters to be voted upon.

When is WAFD Inc.'s fiscal year end?

WAFD Inc.'s fiscal year ends on September 30th.

What was WAFD Inc. formerly known as?

WAFD Inc. was formerly known as Washington Federal Inc.

Where is WAFD Inc. headquartered?

WAFD Inc. is headquartered at 425 Pike Street, Seattle, WA 98101.

What is the SEC file number for WAFD Inc.'s filings?

The SEC file number for WAFD Inc. is 001-34654.

Filing Stats: 2,775 words · 11 min read · ~9 pages · Grade level 12.4 · Accepted 2025-01-28 20:59:22

Key Financial Figures

  • $15,000 — proxies and has agreed to pay a fee of $15,000, including out-of-pocket expenses, for

Filing Documents

From the Filing

wfsl-20250128 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________ SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 ____________________________________________________________ Filed by the Registrant x Filed by a Party other than the Registrant Check the appropriate box: o Preliminary Proxy Statement o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) o Definitive Proxy Statement x Definitive Additional Materials o Soliciting Material Pursuant to 240.14a-12 ____________________________________________________________ WAFD, INC. (Name of Registrant as Specified In Its Charter) ____________________________________________________________ (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all the boxes that apply): x No fee required. o Fee paid previously with preliminary materials o Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. 425 PIKE STREET SEATTLE, WASHINGTON 98101-2334 (800) 324-9375 SUPPLEMENT TO PROXY STATEMENT FOR THE ANNUAL MEETING OF STOCKHOLDERS To be Held on February 11, 2025 January 28, 2025 Dear Shareholder: Our 2025 Annual Meeting of Shareholders will be held live via the internet on Tuesday February 11, 2025 at, 8:00 a.m. Pacific Time. To attend the meeting online please visit www.virtualshareholdermeeting.com/WAFD2025 . In connection with the Annual Meeting, shareholders will be asked to consider and vote upon a number of proposals, including a proposal to approve the WaFd, Inc. 2025 Stock Incentive Plan, which is Proposal No. 2 in our definitive proxy statement filed with the Securities and Exchange Commission on December 23, 2024. The Board of Directors recommends a vote FOR the approval of the WaFd, Inc. 2025 Stock Incentive Plan ("2025 plan"). We are pleased to note that Glass Lewis & Co. Inc. is supporting the approval of the 2025 plan. In contrast, Institutional Shareholder Services ("ISS") has issued an unfavorable recommendation on approval of the 2025 plan. In response to ISS's concerns and to increase the likelihood that shareholders will vote in favor of and approve the 2025 plan, the Board of Directors, upon recommendation of management, approved certain revisions to the WaFd, Inc. 2025 Stock Incentive Plan to fix the number of shares of our common stock reserved for issuance under the 2025 plan to 3,250,000 shares, require minimum one year vesting periods for all awards to employees, and eliminate the Compensation Committee's discretionary authority to accelerate vesting of unvested awards. Further information about this action can be found in the attached supplemental materials. The 2025 plan contains several features that are consistent with protecting the interests of our shareholders and sound corporate governance practices. These features are described in detail in the proxy statement and this supplement, but we would again like to briefly highlight the following provisions: No evergreen provision Not excessively dilutive Minimum vesting and performance period requirements for all employee awards No dividend payments on unvested option awards No reload provisions Talented, motivated and effective employees, non-employee directors and consultants are essential to executing our business strategies and the 2025 plan will be a critically important tool for recruiting and retaining highly qualified personnel. Accordingly, we strongly believe that our 2025 plan, as revised, is in the best interests of our shareholders and we respectfully ask for your vote FOR Proposal No. 2 Any proxy previously submitted on Proposal No. 2 will be voted at the Annual Meeting in accordance with such proxy. If any shareholder has already returned his or her properly executed proxy card or voted via the internet or by telephone and would like to change his or her vote on any matter, such shareholder may revoke his or her proxy before it is voted at the Annual Meeting by filling out the electronic proxy card at www.proxyvote.com, calling the toll-free number for telephone voting that can be found on your proxy card (800-690-6903), or by attending the annual meeting at www.virtualshareholdermeeting.com/WAFD2025. To be valid, your vote by internet, telephone or mail must be received by 11:59 p.m., Eastern Time, on February 10, 2025. Detailed information regarding voting procedures can also be found in the Proxy Statement. If your stock is held in street name, you must follow the instructions of your broker, bank, or nominee as to how to change your vote. If any shareholder would like a new proxy card or has any questions, he or she should contact the Company's Corporate Secretary in writing at WaFd, Inc. 425 Pike Street, Seattle, WA 98101 Attention: Corporate Secretary o

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