Business Context and Reporting Period
Company: West Bancorporation, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: December 20, 2017
Event: Appointment of a new Director to the Board of Directors.
Financial Metrics
This filing does not contain financial performance data. Revenue, profit, cash flow, margins, debt, and liquidity metrics are not reported in this document.
Material Changes
The material change reported is the appointment of Steven T. Schuler to the Board of Directors, effective January 1, 2018. Mr. Schuler will serve as a member of the Audit Committee. His term will expire at the 2018 Annual Stockholders' Meeting, where he will stand for election.
Management Commentary and Governance
- Background: Mr. Schuler previously served as an executive officer at the Federal Home Loan Bank of Des Moines (FHLB) from 2006 until his retirement in January 2017, holding roles including Executive Vice President, Chief Financial Officer, and Chief Operations Officer.
- Expertise: The Board has determined Mr. Schuler is an audit committee financial expert. He is a Certified Public Accountant (inactive).
- Compensation: Mr. Schuler will receive the same compensation as other non-employee directors. No special arrangements or understandings regarding his appointment were disclosed.
Key Facts for Investor Verification
- Verify the effective date of the new director's appointment (January 1, 2018).
- Confirm Mr. Schuler's designation as an audit committee financial expert.
- Note that this filing contains no financial results; refer to the most recent 10-Q or 10-K for financial data.