secwatch.observer — SEC 8-K summary
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Issuer:     Axos Financial, Inc. (AX)
CIK:        0001299709
Form:       8-K
Filed at:   2021-09-29T23:59:59+00:00
Accession:  0001299709-21-000259
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Axos Financial appoints Derrick K. Walsh as CFO, effective Sept 23, 2021
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- Derrick K. Walsh appointed EVP and CFO, succeeding Andrew J. Micheletti who becomes EVP, Finance.
- Walsh will continue as principal accounting officer; base salary $300K, annual bonus target 250% of salary.
- Walsh receives 10,000 RSUs upon elevation to CFO; change of control severance agreement through Dec 31, 2024.
- Micheletti's amended agreement: 3-year term, base salary $350K, annual bonus target 100% of salary.
- Press release issued September 27, 2021; transition effective September 23, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1299709/000129970921000259/0001299709-21-000259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1299709/000129970921000259/ax-20210923.htm
  HTML page:      https://secwatch.observer/filing/0001299709-21-000259

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer