---
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"
generated_at: "2026-05-30T03:07:21.579946+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SVB Financial Group Chapter 11 plan effective Nov 7, all equity canceled

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-254186
- form_type: 8-K
- cik: 0000719739
- company_name: SVB FINANCIAL GROUP
- filed_at: 2024-11-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 3.03, 1.02, 1.03, 5.01, 5.02, 5.03, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-254186
- JSON: https://secwatch.observer/filing/0001193125-24-254186.json
- Plain text: https://secwatch.observer/filing/0001193125-24-254186.txt

## Key facts
- Distress & Bankruptcy
  SVB FINANCIAL GROUP entered chapter 11 in United States Bankruptcy Court Southern District of New York.
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court Southern District of New York
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Eric A. Benhamou departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Allen Parker departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Jeff Liu departed as Assistant Chief Restructuring Officer at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Assistant Chief Restructuring Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Bill Kosturos departed as Chief Restructuring Officer at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Chief Restructuring Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Alison Davis departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Joel P. Friedman departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Mary J. Miller departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Nicholas Grossi departed as Interim Chief Financial Officer at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Interim Chief Financial Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Garen K. Staglin departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Elizabeth Burr departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Thomas King departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Richard D. Daniels departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Jeffrey N. Maggioncalda departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Steven G. Panagos departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Beverly Kay Matthews departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm
- Executive change
  Kate D. Mitchell departed as Director at SVB FINANCIAL GROUP.
  - Action: ceased to be
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312524254186/0001193125-24-254186-index.htm

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