Axos Financial, Inc 8-K, filed Dec 17, 2021
Axos Financial, Inc. (AX)
8-K
2021-12-17
For: 2021-12-16
View Original
Added on
April 10, 2026
About this 8-K
Axos Financial, Inc filed this 8-K on December 17, 2021, reporting on events of December 16, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 16, 2021
(Exact name of registrant as specified in its charter)
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Registrant’s telephone number, including area code: (858 ) 649-2218
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 16, 2021, in order to achieve an equal balance of membership among the three classes of directors on the Board of Directors of Axos Financial, Inc. (the “Company”) and the Board of Directors of Axos Bank (together, the “Board”), the Board determined that one of its members should be reclassified from Class III (with a term expiring at the Company’s 2022 annual meeting of stockholders) to Class I (with a term expiring at the Company’s 2023 annual meeting of stockholders).
Accordingly, on December 16, 2021, Edward J. Ratinoff agreed to resign from his position as a Class III director subject to his immediate reappointment as a Class I director. On December 16, 2021 the Board accepted Mr. Ratinoff’s resignation and immediately reappointed him as a Class I director. The resignation and reappointment of Mr. Ratinoff was effected solely to rebalance the Board classes and, for all other purposes, including the vesting and settlement of any outstanding equity awards and any other compensation to which Mr. Ratinoff is entitled as a non-employee director, Mr. Ratinoff’s service on the Board is deemed to have continued uniterrupted. Mr. Ratinoff will continue to serve on the Nominating/Corporate Governance Committee of the Board of Directors of the Company and as the Chairman of the Credit Committee of the Board of Directors of Axos Bank.
Immediately following Mr. Ratinoff’s appointment as a Class I director, the Board reduced the number of director seats on the Board from ten to nine. The Board now consists of three Class I directors, three Class II directors and three Class III directors.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Axos Financial, Inc. | ||||||||||||||
| Date: | December 17, 2021 | By: | /s/ Derrick K. Walsh | |||||||||||
| Derrick K. Walsh | ||||||||||||||
| EVP and Chief Financial Officer | ||||||||||||||