WAFD INC 8-K
Research Summary
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WAFD Inc. Director Resigns; Board Election Results
What Happened
WAFD Inc. (WAFD) filed an 8-K reporting that Director Steven Singh notified the company on February 3, 2026 that he will resign from the Board effective May 13, 2026. Mr. Singh has served as a director since 2018 and is a member of the Board’s Technology Committee; his resignation is for personal reasons and not due to any disagreement with the company. The filing also notes that Director David Grant retired following the February 3, 2026 annual meeting (consistent with the company’s director retirement policy) and that the Board appointed Bradley M. Shuster to succeed Mr. Grant as Chair of the Audit Committee.
Key Details
- Director resignation: Steven Singh to resign effective May 13, 2026; director since 2018; member of Technology Committee.
- Audit committee leadership: Bradley M. Shuster appointed Chair of the Audit Committee.
- Annual meeting (Feb. 3, 2026) voting results:
- Directors elected (three-year terms): Stephen M. Graham — 56,759,261 for, 2,064,129 withheld; Bradley M. Shuster — 56,240,093 for, 2,583,297 withheld; Randall H. Talbot — 49,773,954 for, 9,049,436 withheld; M. Max Yzaguirre — 57,781,624 for, 1,041,766 withheld.
- Non-binding advisory vote on executive compensation: 56,263,771 for, 2,300,778 against, 258,841 abstained.
- Ratification of Deloitte & Touche LLP as independent auditor for fiscal 2026: 69,293,849 for, 1,472,617 against, 150,381 abstained.
- The filing states all Board recommendations were approved by shareholders.
Why It Matters
Board departures and committee leadership changes affect corporate governance oversight. Singh’s planned May 2026 resignation and Grant’s retirement change Board composition, while Shuster’s appointment as Audit Committee Chair is important for audit and financial oversight. The shareholder votes—particularly the ratification of Deloitte and the favorable advisory vote on executive compensation—signal investor support for the company’s auditor and pay practices. There were no disclosures of disagreements with management in the filing.