---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-23-000884"
form_type: "8-K"
ticker: null
cik: "0001312109"
company_name: "Silvergate Capital Corp"
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:15:51.096045+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CEO, CFO, and CLO depart as Silvergate Bank liquidation advances; new execs appointed

## Summary
- 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.

## SEC filing metadata
- accession: 0000950157-23-000884
- form_type: 8-K
- cik: 0001312109
- company_name: Silvergate Capital Corp
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000884/0000950157-23-000884-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000884/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-23-000884
- JSON: https://secwatch.observer/filing/0000950157-23-000884.json
- Plain text: https://secwatch.observer/filing/0000950157-23-000884.txt

## Key facts
- Executive change
  John M. Bonino departed as Chief Legal Officer at Silvergate Capital Corp.
  - Action: departed
  - Role: Chief Legal Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000884/0000950157-23-000884-index.htm
- Executive change
  Antonio Martino departed as Chief Financial Officer at Silvergate Capital Corp.
  - Action: departed
  - Role: Chief Financial Officer
  source text: Effective September 30, 2023, Antonio Martino, Chief Financial Officer of the Company and the Bank, will depart from his role as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000884/0000950157-23-000884-index.htm
- Executive change
  Andrew Surry was appointed as Principal Financial Officer at Silvergate Capital Corp.
  - Action: appointed
  - Role: Principal Financial Officer
  source text: 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 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000884/0000950157-23-000884-index.htm
- Executive change
  Alan J. Lane departed as President and Chief Executive Officer at Silvergate Capital Corp.
  - Action: departed
  - Role: President and Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000884/0000950157-23-000884-index.htm
- Executive change
  Kathleen M. Fraher was appointed as Principal Executive Officer at Silvergate Capital Corp.
  - Action: appointed
  - Role: Principal Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000884/0000950157-23-000884-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.