Business Context and Reporting Period
This Form 8-K Current Report was filed by Western Alliance Bancorporation on May 30, 2008. The report addresses corporate governance changes under Item 5.02 regarding the departure and appointment of the Principal Accounting Officer.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and contains no financial performance data.
Material Changes
The material change reported is the transition of the Principal Accounting Officer role:
- Resignation: Terry Shirey notified the Company of his resignation as Principal Accounting Officer, effective June 20, 2008, to accept a job opportunity with another company.
- Appointment: Thomas W. Edington, CPA, was appointed as the new Principal Accounting Officer, effective June 20, 2008.
Management Commentary and Risks
Management commentary is limited to the background of the new appointee. Mr. Edington, age 38, holds a Bachelor of Science and Master of Accountancy from Brigham Young University. His experience includes:
- Audit and accounting functions specializing in commercial banking at McGladrey & Pullen, LLP (1995–2003).
- Chief Financial Officer at Silver State Financial Services, Inc. (2003–2007).
- Senior Vice President and Tax Manager at Western Alliance Bancorporation (February 2007–present).
No specific risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Verify the effective date of the leadership transition (June 20, 2008).
- Confirm the professional background and banking specialization of the new Principal Accounting Officer, Thomas W. Edington.
- Note that this filing does not contain financial results; investors should refer to the most recent 10-Q or 10-K for financial metrics.