West Bancorporation, Inc. - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by West Bancorporation, Inc. on April 28, 2015. The report addresses a corporate governance event regarding the board of directors.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is limited to a disclosure of personnel changes and does not contain financial performance data.
Material Changes
The material change disclosed is the departure of a director. Dr. Thomas A. Carlstrom, age 69, a retired neurosurgeon, informed the Chairman of his intention to retire from the board of directors. He will not stand for re-election at the next annual meeting of shareholders scheduled for April 2016. Dr. Carlstrom will continue to serve as a director until that meeting. He has served as a director of the Company since 2009 and as a director of its subsidiary, West Bank, since 1996.
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the director's retirement.
Key Facts for Investors to Verify
- Dr. Thomas A. Carlstrom's retirement from the board is effective until the 2016 annual meeting.
- Dr. Carlstrom will not be a candidate for re-election at the April 2016 annual meeting.
- The Company has not disclosed any immediate financial impact or replacement candidate in this filing.