Washington Federal, Inc. (NASDAQ:WAFD) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Washington Federal, Inc. (NASDAQ:WAFD) 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

On July 10, 2018, the Board of Directors of Washington Federal, Inc. (the “Company”), and its wholly owned subsidiary Washington Federal, N.A. (the “Bank”) increased the size of the board of both the Company and the Bank from nine to ten persons and appointed a new independent director, Mr. Steve Singh, to fill the resulting vacancy, with such appointment effective August 1, 2018. Mr. Singh will serve in the class of directors with terms expiring in 2021.

There are no arrangements or understandings between Mr. Singh and any other persons concerning his appointment as director of the Company and he has no direct or indirect material interest in any transaction required to be disclosed to Item 404(a) of Regulation S-K. Our board has affirmatively determined that Mr. Singh is independent of our Company and its management under Nasdaq Listing Rules.

Mr. Singh will be entitled to the same compensation as the other non-employee directors of the Company as set forth in the Company’s most recent proxy statement filed on December 7, 2017, including an annual stock award, annual retainer and fees for attending board meetings and any committee meetings to which he is appointed.

A copy of the press release issued by the Company announcing the appointment of Mr. Singh to the Board of Directors is included as Exhibit 99.1 to this Report. Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the registrant under the Securities Act of 1933 or the Exchange Act.

Item 9.01

Financial Statements and Exhibits

(a) Not applicable

(b) Not applicable

(c) Not applicable

(d) The following exhibit is being furnished herewith:

Press Release dated July 10, 2018


WASHINGTON FEDERAL INC Exhibit
EX-99.1 2 july102018exhibit991direct.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Tuesday July 10,…
To view the full exhibit click here

About Washington Federal, Inc. (NASDAQ:WAFD)

Washington Federal, Inc. is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans. As of September 30, 2016, Washington Federal had 238 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico and Texas. Through its subsidiaries, the Company is also engaged in real estate investment and insurance brokerage activities. The Bank offers various consumer checking account products, both interest bearing and non-interest bearing, and business checking accounts.

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