Western Alliance Bancorporation Board and Executive Compensation Update
Ticker: WAL-PA · Form: 8-K · Filed: Dec 11, 2024 · CIK: 1212545
| Field | Detail |
|---|---|
| Company | Western Alliance Bancorporation (WAL-PA) |
| Form Type | 8-K |
| Filed Date | Dec 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Board shakeup and new exec pay deals at Western Alliance.
AI Summary
Western Alliance Bancorporation announced on December 10, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Matthew D. K. Smith and Robert L. Johnson, to its board, effective immediately. Additionally, the company entered into new employment agreements with its CEO, Kenneth A. Vecchione, and CFO, Brian L. R. Hughes, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Elections of new directors and changes in executive compensation can introduce uncertainty regarding future strategic direction and management stability.
Key Players & Entities
- WESTERN ALLIANCE BANCORPORATION (company) — Registrant
- Matthew D. K. Smith (person) — Newly Elected Director
- Robert L. Johnson (person) — Newly Elected Director
- Kenneth A. Vecchione (person) — CEO
- Brian L. R. Hughes (person) — CFO
- December 10, 2024 (date) — Date of earliest event reported
FAQ
Who were the new directors elected to Western Alliance Bancorporation's board?
Matthew D. K. Smith and Robert L. Johnson were elected as new directors.
When were the new directors' appointments effective?
The appointments of the new directors were effective as of December 10, 2024.
What specific items are covered in the Form 8-K filing?
The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
What is the principal executive office address for Western Alliance Bancorporation?
The principal executive offices are located at One E. Washington Street, Phoenix, Arizona 85004.
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant is WESTERN ALLIANCE BANCORPORATION.
Filing Stats: 558 words · 2 min read · ~2 pages · Grade level 12.4 · Accepted 2024-12-10 21:52:40
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 Par Value WAL New York Stock Exchange
Filing Documents
- wal-20241210.htm (8-K) — 28KB
- exhibit991.htm (EX-99.1) — 4KB
- 0001212545-24-000317.txt ( ) — 200KB
- wal-20241210.xsd (EX-101.SCH) — 2KB
- wal-20241210_def.xml (EX-101.DEF) — 16KB
- wal-20241210_lab.xml (EX-101.LAB) — 29KB
- wal-20241210_pre.xml (EX-101.PRE) — 17KB
- wal-20241210_htm.xml (XML) — 4KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Letter of Kenneth A. Vecchione, President and Chief Executive Officer of Western Alliance Bancorporation 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: December 10, 2024