8-K
filed August 15, 2023, 7:59 PM ET
CIK 0001312109
leadership
confidence high
sentiment negative
materiality 0.85
CEO, CFO, and CLO depart as Silvergate Bank liquidation advances; new execs appointed
Silvergate Capital Corp
- CEO Alan J. Lane and CLO John M. Bonino depart effective August 15, 2023.
- CFO Antonio Martino to depart effective September 30, 2023.
- Kathleen M. Fraher named principal executive officer; Andrew Surry named principal financial officer.
- Departing officers receive severance consistent with bank employee liquidation plan.
- No new CEO, CEO of Bank, or CFO planned due to liquidation focus.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
John M. Bonino departed as Chief Legal Officer at Silvergate Capital Corp.
- Action
- departed
- Role
- Chief Legal Officer
Exact text from the filing
Effective August 15, 2023, each of Alan J. Lane, President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank, and John M. Bonino, Chief Legal Officer of the Company and the Bank, will depart from their respective positions.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Antonio Martino departed as Chief Financial Officer at Silvergate Capital Corp.
- Action
- departed
- Role
- Chief Financial Officer
Exact text from the filing
Effective September 30, 2023, Antonio Martino, Chief Financial Officer of the Company and the Bank, will depart from his role as Chief Financial Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew Surry was appointed as Principal Financial Officer at Silvergate Capital Corp.
- Action
- appointed
- Role
- Principal Financial Officer
Exact text from the filing
Effective immediately upon the effectiveness of Mr. Martino’s departure, Andrew Surry, Chief Accounting Officer of the Bank, will serve as the Company’s principal financial officer for purposes of reports filed under the Exchange Act .
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Alan J. Lane departed as President and Chief Executive Officer at Silvergate Capital Corp.
- Action
- departed
- Role
- President and Chief Executive Officer
Exact text from the filing
Effective August 15, 2023, each of Alan J. Lane, President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank, and John M. Bonino, Chief Legal Officer of the Company and the Bank, will depart from their respective positions.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kathleen M. Fraher was appointed as Principal Executive Officer at Silvergate Capital Corp.
- Action
- appointed
- Role
- Principal Executive Officer
Exact text from the filing
Effective immediately upon the effectiveness of Mr. Lane’s departure, Kathleen M. Fraher, Chief Transition Officer of the Company and the Bank, will serve as the Company’s principal executive officer for purposes of reports filed under the Securities Exchange Act of 1934, as amended.
View on SEC.gov
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