Western Alliance Bancorporation Announces Executive Changes
Ticker: WAL-PA · Form: 8-K · Filed: Apr 24, 2024 · CIK: 1212545
| Field | Detail |
|---|---|
| Company | Western Alliance Bancorporation (WAL-PA) |
| Form Type | 8-K |
| Filed Date | Apr 24, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-composition, risk-management
Related Tickers: WAL
TL;DR
Exec shuffle at WAL: New CRO appointed, board seats changed.
AI Summary
Western Alliance Bancorporation announced on April 22, 2024, that its Board of Directors elected new officers and approved compensatory arrangements. Specifically, Douglas L. Schaer was appointed as Executive Vice President and Chief Risk Officer, effective April 22, 2024. The filing also details the election of new directors and changes to committee memberships.
Why It Matters
Changes in key executive roles, especially in risk management, can signal shifts in company strategy or responses to market conditions, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in executive leadership and board composition can introduce uncertainty and signal potential strategic shifts.
Key Players & Entities
- Western Alliance Bancorporation (company) — Registrant
- Douglas L. Schaer (person) — Appointed Executive Vice President and Chief Risk Officer
- April 22, 2024 (date) — Effective date of appointment and report date
FAQ
Who was appointed as the new Chief Risk Officer?
Douglas L. Schaer was appointed as the new Executive Vice President and Chief Risk Officer.
When was the appointment of the new Chief Risk Officer effective?
The appointment of Douglas L. Schaer was effective April 22, 2024.
What other significant events were reported on April 22, 2024?
The company also reported the election of new directors and changes to committee memberships.
What is Western Alliance Bancorporation's state of incorporation?
Western Alliance Bancorporation is incorporated in Delaware.
What is the principal executive office address of Western Alliance Bancorporation?
The principal executive office is located at One E. Washington Street, Phoenix, Arizona 85004.
Filing Stats: 694 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-04-23 17:46:57
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 Par Value WAL New York Stock Exchange
Filing Documents
- wal-20240422.htm (8-K) — 28KB
- 0001212545-24-000133.txt ( ) — 194KB
- wal-20240422.xsd (EX-101.SCH) — 3KB
- wal-20240422_def.xml (EX-101.DEF) — 16KB
- wal-20240422_lab.xml (EX-101.LAB) — 29KB
- wal-20240422_pre.xml (EX-101.PRE) — 17KB
- wal-20240422_htm.xml (XML) — 4KB
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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 hereunto duly authorized. WESTERN ALLIANCE BANCORPORATION (Registrant) /s/ Dale Gibbons Dale Gibbons Vice Chairman and Chief Financial Officer Date: April 23, 2024