Business Context and Reporting Period
This Form 8-K Current Report was filed by Axos Financial, Inc. (formerly BofI Holding, Inc.) on September 11, 2018. The filing announces a corporate name change and a planned transfer of its stock listing from The NASDAQ Stock Market to The New York Stock Exchange (NYSE) in connection with a re-branding of its subsidiary, BofI Federal Bank, to Axos Bank.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance and listing status changes.
Material Changes
- Corporate Name Change: Effective September 12, 2018, the company changed its name from BofI Holding, Inc. to Axos Financial, Inc. via a Certificate of Amendment filed with the State of Delaware.
- Stock Listing Transfer: The company notified NASDAQ of its intent to voluntarily delist at the close of trading on September 28, 2018, and commence trading on the NYSE on October 1, 2018.
- Trading Symbols: Common Stock will trade under the symbol "AX" and 6.25% Subordinated Notes under the symbol "AXO" on the NYSE.
- CUSIP Update: The CUSIP number for Common Stock will change to 05465C 100.
Guidance, Outlook, and Risks
The filing states that the name change does not require stockholder approval and will not affect the rights of security holders. No financial guidance, outlook, or specific risk factors were disclosed in this document. The re-branding of the bank subsidiary is scheduled to coincide with the NYSE listing on October 1, 2018.
Investor Verification Checklist
- Confirm the new trading symbol "AX" on the NYSE starting October 1, 2018.
- Verify the updated CUSIP number (05465C 100) for Common Stock holdings.
- Review the press release (Exhibit 99.1) for details on the Axos Bank re-branding strategy.
- Check subsequent filings for the first financial results under the new Axos Financial, Inc. name.