BofI HOLDING, INC. (NASDAQ:BOFI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 – Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
Board) of BofI Holding, Inc., and its subsidiary BofI Federal Bank
(together, the Company) were informed by Mr. Theodore C. Allrich of
his decision to retire from his positions as Chairman and member of
the Companys Board, effectively immediately. Mr. Allrich advised
the Board that his decision was made for personal reasons and was
not the result of any dispute or disagreement with the Company.
Subsequent to his resignation, the Company engaged Mr. Allrich as a
consultant through February 28, 2018, subject to the Company’s
option to extend the term in its sole discretion.
October 2009 and served as Vice Chairman of the Board of Directors
from 1999 to 2009. The Company provided Mr. Allrich an opportunity
to review this Current Report on Form 8-K. Mr. Allrich is in
agreement with the contents of this Current Report on Form 8-K.
Grinberg to the position of Chairman of the Board for the Company.
Mr. Grinberg has served on the Board since April 2004 and brings
extensive experience to the position of Chairman of the Board.
the retirement of Mr. Allrich from the Company’s Board. A copy of
the press release is furnished as Exhibit 99.1 to this Current
Report on Form 8-K.
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Exhibit
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Description
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99.1
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Press Release of BofI Holding, Inc. dated February 16,
2017 |
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About BofI HOLDING, INC. (NASDAQ:BOFI)
BofI Holding, Inc. (BofI) is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides consumer and business banking products through its branchless, low-cost distribution channels and affinity partners. The Bank has deposit and loan customers, including consumer and business checking, savings and time deposit accounts and financing for single family and multifamily residential properties, small-to-medium size businesses in target sectors, and selected specialty finance receivables. The Bank distributes its deposit products through a range of retail distribution channels, and its deposits consist of demand, savings and time deposits accounts. Its mortgage-backed securities consist primarily of mortgage pass-through securities issued by government-sponsored entities and non-agency collateralized mortgage obligations and pass-through mortgage-backed securities issued by private sponsors. BofI HOLDING, INC. (NASDAQ:BOFI) Recent Trading Information
BofI HOLDING, INC. (NASDAQ:BOFI) closed its last trading session up +0.04 at 30.19 with 385,501 shares trading hands.