Business Context and Reporting Period
Company: Western Alliance Bancorporation
Filing Type: Form 8-K (Current Report)
Date of Report: February 28, 2022
Principal Executive Offices: Phoenix, Arizona
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a corporate action regarding equity issuance.
Material Changes
The Company entered into Amendment No. 2 to its Distribution Agreement with J.P. Morgan Securities LLC and Piper Sandler & Co. Key changes include:
- Additional Shares Authorized: The Company may now issue and sell an additional 2,132,670 shares of Common Stock.
- Total Capacity: The maximum number of shares available under the At-the-Market Offering program has increased to 3,000,000 shares.
- Agreement Terms: Except for the increase in share capacity, the terms of the original Agreement remain unchanged.
Guidance, Outlook, and Risks
The filing does not provide management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies are detailed in this report beyond the standard incorporation of the full text of the Amendment by reference.
Investor Verification Checklist
- Verify the total number of shares remaining available for sale under the amended At-the-Market Offering program.
- Review the full text of Amendment No. 2 (Exhibit 1.1) for any non-standard terms or conditions not summarized in the 8-K.
- Monitor subsequent filings for actual share issuances and proceeds generated under this expanded program.