{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-254186","form_type":"8-K","ticker":null,"cik":"0000719739","company_name":"SVB FINANCIAL GROUP","filed_at":"2024-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.904820+00:00","generated_at":"2026-05-30T03:07:21.579946+00:00","sec_items":["3.03","1.02","1.03","5.01","5.02","5.03","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"SVB Financial Group Chapter 11 plan effective Nov 7, all equity canceled","bullets":["Plan confirmed Aug 2, 2024; effective date Nov 7, 2024; all Allowed Claims and Interests satisfied or canceled.","All outstanding common and preferred stock canceled; no shares remain; over-the-counter trading ceased.","Company transferred assets to Liquidating Trust; abandoned equity interests in Silicon Valley Bank for no consideration.","All directors (including Beverly Kay Matthews, Eric Benamou, Elizabeth Burr, etc.) and officers (including Bill Kosturos, Nicholas Grossi) removed effective Nov 7.","Reorganized company became wholly-owned subsidiary of New Parent MNSN Holdings Inc. via merger with MNEQ Merger Sub."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-254186","json":"https://secwatch.observer/filing/0001193125-24-254186.json","markdown":"https://secwatch.observer/filing/0001193125-24-254186.md","text":"https://secwatch.observer/filing/0001193125-24-254186.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/d904756d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T03:07:21.579946+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0d5441a3f6b3e69be289df02a65be7a53caa1a1b","claim":"SVB FINANCIAL GROUP entered chapter 11 in United States Bankruptcy Court Southern District of New York.","evidence_excerpt":"UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK x : Chapter 11 In re : : Case No. 23-10367 (MG) SVB FINANCIAL GROUP, 1 : : Debtor. : : x NOTICE OF EFFECTIVE DATE OF DEBTOR’S CONFIRMED SECOND AMENDED PLAN OF REORGANIZATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court Southern District of New York"}],"fact_type":"distress_event"},{"claim_id":"20fc11ee97","claim":"Eric A. Benhamou departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"32b496b43a","claim":"Allen Parker departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"336d653277","claim":"Jeff Liu departed as Assistant Chief Restructuring Officer at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Assistant Chief Restructuring Officer"}],"fact_type":"executive_change"},{"claim_id":"3707a362e3","claim":"Bill Kosturos departed as Chief Restructuring Officer at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Chief Restructuring Officer"}],"fact_type":"executive_change"},{"claim_id":"4f6684f8ad","claim":"Alison Davis departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"58d826f7b6","claim":"Joel P. Friedman departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"60f06960c7","claim":"Mary J. Miller departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"75464ece5e","claim":"Nicholas Grossi departed as Interim Chief Financial Officer at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Interim Chief Financial Officer"}],"fact_type":"executive_change"},{"claim_id":"8065ad2190","claim":"Garen K. Staglin departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9c70e05745","claim":"Elizabeth Burr departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"9f6e7f51bb","claim":"Thomas King departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a96cebb9e2","claim":"Richard D. Daniels departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"b6ace38b8b","claim":"Jeffrey N. Maggioncalda departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c48cc01f41","claim":"Steven G. Panagos departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"cd40ae7311","claim":"Beverly Kay Matthews departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f40d98b60b","claim":"Kate D. Mitchell departed as Director at SVB FINANCIAL GROUP.","evidence_excerpt":"Beverly Kay Matthews, Eric A. Benhamou, Elizabeth Burr, Richard D. Daniels, Alison Davis, Joel P. Friedman, Thomas King, Jeffrey N. Maggioncalda, Mary J. Miller, Kate D. Mitchell, Garen K. Staglin, Allen Parker, Steven G. Panagos, and the Company’s remaining officers, including Bill Kosturos, Chief Restructuring Officer, Nicholas Grossi, Interim Chief Financial Officer, and Jeff Liu, Assistant Chief Restructuring Officer, ceased to be directors and officers of the Company on the Effective Date.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"ceased to be"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}