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AI brief of an SEC Form 8-K · WaFd (WAFD)

WaFd discloses $1.65 million retention payment for Chief Experience Officer Cathy Cooper

Neutral Impact 2 of 5 leadership

WaFd, Inc. disclosed a November 2, 2026 letter agreement with Chief Experience Officer Cathy E. Cooper providing a $1,650,000 lump-sum payment tied to the pending merger with EverBank Financial Corp. Cooper must remain employed through the merger closing to receive it, and in exchange she will waive certain good reason triggers under her change of control agreement arising from her transition to a new role at the surviving company.

Key points

  • Lump-sum Continuity Payment of $1,650,000, payable within 60 days after the Merger closes
  • Payment requires Cooper's continued employment through the Closing
  • Cooper waives certain good reason triggers under her change of control agreement effective at Closing
  • Merger Agreement with EverBank Financial Corp was signed September 6, 2026

The filing

CompanyWaFd (WAFD)
Form8-K, current report
Filed with the SECNov 9, 2026, 6:49 AM ET
Accession number0001140361-26-042592

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 7:05 AM ET, from this filing only.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.