SEC Filing Summary: Western Alliance Bancorporation (8-K)
Business Context and Reporting Period
This Form 8-K was filed by Western Alliance Bancorporation on December 14, 2021. The report discloses a corporate action regarding the declaration of a quarterly dividend on the company's preferred stock.
Key Financial Metrics
The filing does not provide comprehensive financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only specific financial data disclosed relates to the dividend declaration:
- Dividend Amount: $115.69 per share on 4.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.
- Depositary Share Equivalent: $0.289225 per depositary share.
- Payment Date: December 30, 2021.
- Record Date: December 20, 2021.
Material Changes
The filing does not report material changes to the company's financial condition or operations compared to prior periods. It solely reports the routine declaration of a quarterly preferred stock dividend.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, contingencies, or unusual items. The document is limited to the notification of the dividend event.
Investor Verification Checklist
- Verify the record date of December 20, 2021, to confirm eligibility for the dividend.
- Confirm the payment date of December 30, 2021, for cash flow planning.
- Review the specific terms of the 4.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, to understand reset mechanics and cumulative status.