Washington Federal shareholders approve Luther Burbank merger with 98.8% support

WAFD INC

Washington Federal shareholders voted 53,299,406 for, 403,160 against; 82.4% of outstanding shares represented.
Luther Burbank shareholders also approved the merger agreement and related executive compensation on May 4, 2023.
Merger remains subject to regulatory approvals and other customary closing conditions; no close date announced.
Deal announced Nov 13, 2022; will merge Luther Burbank Savings into WaFd Bank, expanding California presence.

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

WAFD INC shareholders approved Approval of the Issuance of Shares of Washington Federal Common Stock in connection with the merger at the 2023-05-04 meeting.

Proposal: merger approval
Outcome: passed
Meeting: 2023-05-04

Exact text from the filing

A proposal to approve the issuance of shares of Washington Federal common stock in connection with the merger as consideration to the shareholders of Luther Burbank Corporation pursuant to the merger agreement (the “Washington Federal share issuance proposal”) was approved upon the following votes: Votes for Votes Against Abstentions Broker Non-Votes 53,299,406 403,160 212,943 0

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WAFD INC filing history →

Source: SEC EDGAR

accession 0000936528-23-000120

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