---
schema_version: "secwatch.filing_event.v1"
accession: "0000950157-23-000906"
form_type: "8-K"
ticker: null
cik: "0001312109"
company_name: "Silvergate Capital Corp"
filed_at: "2023-08-28T23:59:59+00:00"
generated_at: "2026-06-11T02:48:53.906386+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Silvergate Capital reduces board size to 5-7 after director Lane departure

## Summary
- Director Alan J. Lane departed board on Aug 15, 2023; departure was not due to any dispute.
- Board amended bylaws effective Aug 25, 2023: minimum board size reduced from 7 to 5.
- Maximum board size reduced from 13 to 7 to align with reduced board composition.

## SEC filing metadata
- accession: 0000950157-23-000906
- form_type: 8-K
- cik: 0001312109
- company_name: Silvergate Capital Corp
- filed_at: 2023-08-28T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000906/0000950157-23-000906-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000906/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950157-23-000906
- JSON: https://secwatch.observer/filing/0000950157-23-000906.json
- Plain text: https://secwatch.observer/filing/0000950157-23-000906.txt

## Key facts
- Governance Changes
  Silvergate Capital Corp: Amended Bylaws to reduce minimum board size from seven to five and maximum board size from thirteen to seven following director departure (effective 2023-08-25).
  - Change: bylaw amendment
  - Effective: 2023-08-25
  source text: On August 25, 2023, the board of directors (the “ Board ”) of Silvergate Capital Corporation (the “ Company ”) amended the Company’s Amended and Restated Bylaws (the “ Bylaws ”), which amendment became effective on that date, in order to address the recent departure of Alan J. Lane, a former member of the Board, on August 15, 2023, by reducing the minimum size of the Board from seven to five and by reducing the maximum size of the Board from thirteen to seven.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1312109/000095015723000906/0000950157-23-000906-index.htm

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