secwatch.observer — SEC 8-K summary
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Issuer:     Silvergate Capital Corp (—)
CIK:        0001312109
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001312109-23-000063
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silvergate receives NYSE delisting notice for late 10-K; President Reynolds laid off, director Henke resigns
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- NYSE notified Silvergate of non-compliance due to failure to timely file Form 10-K for FY2022.
- NYSE will monitor filing status for up to six months; possible suspension/delisting if not filed within that period.
- President Ben Reynolds laid off on March 20, 2023 in connection with the wind-down of Silvergate Bank.
- Director Mary-Margaret Henke resigned effective March 15, 2023; both departures not due to any disagreement.
- Company continues trading under symbol 'SI' with 'LF' indicator; wind-down of Bank operations disclosed earlier.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1312109/000131210923000063/0001312109-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1312109/000131210923000063/si-20230320.htm
  HTML page:      https://secwatch.observer/filing/0001312109-23-000063

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