WAFD INC (WAFD) Form 8-K — Sep 8, 2026
On September 6, 2026, WaFd, Inc. entered into a definitive merger agreement with EverBank Financial Corp under which EverBank will merge into WaFd and the combined company will be renamed EverBank Financial Corp. WaFd Bank will simultaneously merge into EverBank, National Association, which becomes the surviving bank. Former EverBank common stockholders and equity award holders will own approximately 59.175% of the combined company on a fully diluted basis, diluting current WaFd holders to about 40.825%, with roughly 107.7 million WaFd shares expected to be issued at closing.
Key figures
- Outside date
- September 6, 2027
- Earliest closing date
- after December 31, 2026
- Legacy wafd directors
- 6
- Share release schedule
- 10% at 30 days, 10% at 90 days, 40% at 180 days, 40% at 12 months post-closing
- Board size post closing
- 13
- Legacy everbank directors
- 7
- Robison continuity payment
- 1930000
- Wafd ownership post merger
- 40.825%
- Beardall annual base salary
- 1116625
- Beardall continuity payment
- 5025000
- Everbank ownership post merger
- 59.175%
- Termination fee payable by wafd
- 101060629
- Everbank preferred dividend rate
- 6.50%
- Shares issued at closing estimated
- approximately 107.7 million WaFd common shares (fully diluted)
- Everbank class a shares outstanding
- 10437434
- Everbank class b shares outstanding
- 10321840
- Everbank preferred shares outstanding
- 675000
- Everbank preferred liquidation preference per share
- 1000
Price after filing
Close on the filing date to close N calendar days later (from $34.28). Historical, not a forecast.
AI analysis
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