secwatch.observer — SEC 8-K summary
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Issuer:     Luther Burbank Corp (—)
CIK:        0001475348
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001193125-24-053876
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Luther Burbank completes merger with WaFd; shares delisted from Nasdaq
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- Each LBC share converted into 0.3353 shares of WaFd common stock plus cash for fractional shares.
- Total consideration of approximately 17,088,993 shares of WaFd common stock issued.
- Effective March 1, 2024; LBC common stock suspended from trading on Nasdaq.
- All Luther Burbank directors and executive officers resigned; two former directors joined WaFd board.
- Luther Burbank's articles and bylaws ceased; WaFd's governing documents remain in effect.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1475348/000119312524053876/0001193125-24-053876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1475348/000119312524053876/d778313d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-053876

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