Silvergate Capital Corp Form 8-K: Current report
Filings on SEC EDGAR, newest first; amendments sit with their base form. Values are as filed.
- 2023-11-22: Form 8-K; Period of report 2023-11-22; Description 7.01 Regulation FD Disclosure; Details 7.01.
- 2023-08-28: Form 8-K; Period of report 2023-08-25; Description 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; Details 5.02.
- 2023-08-15: Form 8-K; Period of report 2023-08-15; Description 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Details 5.02.
- 2023-06-01: Form 8-K; Period of report 2023-05-23; Description 8.01 Other Events; Details 8.01.
| Filed | Form | Period of report | Description | Details | Document |
|---|---|---|---|---|---|
| 2023-11-22 | 8-K | 2023-11-22 | 7.01 Regulation FD Disclosure | 7.01 On November 22, 2023, Silvergate Capital Corporation (the “Company”) issued a press release announcing that its wholly-owned subsidiary, Silvergate Bank (the “Bank”), has fully repaid all of its remaining deposit liabilities in connection with the Company’s previously disclosed plan to wind down the operations of and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes. | form8-k.htm |
| 2023-08-28 | 8-K | 2023-08-25 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year | 5.02 & ITEM 5.03 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS & AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR. | form8-k.htm |
| 2023-08-15 | 8-K | 2023-08-15 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 Silvergate Capital Corporation (the “Company”), as part of its previously disclosed plan to wind down the operations of and voluntarily liquidate its wholly-owned subsidiary, Silvergate Bank (the “Bank” and such wind down and voluntary liquidation, the “Bank Liquidation”), announced the next phase in its plan to align the remaining leadership team with the objectives of the Bank Liquidation. | form8-k.htm |
| 2023-06-01 | 8-K | 2023-05-23 | 8.01 Other Events | 8.01 In connection with the previously announced intent of Silvergate Capital Corporation (the “Company”), the holding company for Silvergate Bank (the “Bank”), to wind down operations of and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes, the Company, the Bank, the Board of Governors of the Federal Reserve System (the “Board of Governors”) and the Department of Financial Protection and Innovation of the State of California (the “DFPI”) have entered into a Cease and Desist Order Issued Upon Consent (the “Order”), effective May 23, 2023. | form8-k.htm |
| 2023-05-23 | 8-K | 2023-05-22 | 4.01 Changes in Registrant's Certifying Accountant | 4.01 On May 22, 2023, in connection with the previously reported determination by Silvergate Capital Corporation (the “Company”) that it is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “2022 10-K”) and does not expect to be able to file any subsequent periodic reports required by Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the audit committee of the Company’s board of directors approved the dismissal of Crowe LLP (“Crowe”) as the Company’s independent registered public accounting firm. | form8-k.htm |
| 2023-05-16 | 8-K | 2023-05-11 | 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing | 3.01 As previously disclosed, on March 17, 2023, Silvergate Capital Corporation (the “Company”) was notified by the New York Stock Exchange (the “NYSE”) that, as the Company had not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “2022 10-K”), the NYSE would monitor the status of the Company’s late filing and related public disclosures for up to a six-month period from its due date, but that the NYSE could, in its sole discretion, commence delisting proceedings at any time during the period that is available to complete the filing, if circumstances warranted. | form8-k.htm |
| 2023-05-11 | 8-K | 2023-05-11 | 2.05 Costs Associated with Exit or Disposal Activities; 8.01 Other Events | 2.05 Beginning on May 12, 2023, Silvergate Capital Corporation (the “Company”) will undertake additional reductions in headcount, which reductions will ultimately reduce substantially all of its headcount. 8.01 As disclosed in the Form 12b-25 filed by the Company on May 11, 2023, the Company is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2023 and its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the “2022 10-K”), and does not expect to be able to file any Quarterly Reports on Form 10-Q or Annual Reports on Form 10-K for subsequent periods or its definitive proxy statement for 2023. | form8-k.htm |
| 2023-03-27 | 8-K | 2023-03-24 | 8.01 Other Events | 8.01 In connection with the wind down of operations and voluntarily liquidation of Silvergate Bank (the "Bank"), a subsidiary of Silvergate Capital Corporation (the "Company"), the Bank agreed to the prepayment of a $205 million secured term loan (the "Term Loan") issued under the Bank's SEN Leverage program to MacroStrategy LLC (the "Borrower"), a subsidiary of MicroStrategy Incorporated (Nasdaq: MSTR). | tm2310617d1_8k.htm |
| 2023-03-20 | 8-K | 2023-03-20 | 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing; 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 3.01 On March 17, 2023, Silvergate Capital Corporation (the “Company”) was notified by the New York Stock Exchange (the “NYSE”) that, as the Company had not timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2022 (the "10-K"), the NYSE will closely monitor the status of the Company’s late filing and related public disclosures for up to a six- month period from its due date. 5.02 On March 14, 2023, Mary-Margaret Henke notified the Company of her resignation from the boards of directors (the “Boards”) of the Company and its wholly-owned subsidiary, Silvergate Bank (the “Bank”), as well as from any committees of such Boards on which she served, effective as of March 15, 2023. | si-20230320.htm |
| 2023-03-08 | 8-K | 2023-03-08 | 7.01 Regulation FD Disclosure; 8.01 Other Events | 7.01 On March 8, 2023, Silvergate Capital Corporation (the "Company"), the holding company for Silvergate Bank (the "Bank"), issued a press release announcing its intent to wind down operations and voluntarily liquidate the Bank in an orderly manner and in accordance with applicable regulatory processes. 8.01 On March 3, 2023, Silvergate Bank announced on its public website that it made a decision to discontinue its Silvergate Exchange Network, but that all other deposit-related services remained operational. | si-20230308.htm |
| 2023-02-09 | 8-K | 2023-02-09 | 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 5.02 On February 8, 2023, Rebecca Rettig notified Silvergate Capital Corporation (the "Company") of her resignation from the boards of directors (the “Boards”) of the Company and its wholly-owned subsidiary, Silvergate Bank (the “Bank”), as well as from any committees of such Boards on which she served, effective as of February 8, 2023. | si-20230209.htm |
| 2023-01-27 | 8-K | 2023-01-27 | 7.01 Regulation FD Disclosure | 7.01 On January 27, 2023, Silvergate Capital Corporation (the "Company") issued a press release announcing that it has suspended the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (the “Preferred Stock”) in order to preserve capital. | si-20230127.htm |
| 2023-01-23 | 8-K | 2023-01-23 | 7.01 Regulation FD Disclosure | 7.01 On January 17, 2023, Silvergate Capital Corporation (the "Company") held a conference call to discuss its fourth quarter and full year 2022 financial results. | si-20230123.htm |
| 2023-01-20 | 8-K | 2023-01-20 | 7.01 Regulation FD Disclosure | 7.01 On January 20, 2023, Silvergate Capital Corporation (the “Company”) issued a press release providing a business update regarding the Company's exposure to Genesis. | si-20230120.htm |
| 2023-01-17 | 8-K | 2023-01-17 | 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure | 2.02 On January 17, 2023, Silvergate Capital Corporation (the “Company”) issued a press release announcing the Company’s financial results for the fourth quarter and full year ended December 31, 2022. 7.01 The Company will conduct a conference call at 8:00 a.m (Eastern Time) on January 17, 2023 to discuss its financial results for the fourth quarter and full year ended December 31, 2022. | si-20230117.htm |
| 2023-01-10 | 8-K | 2023-01-10 | 7.01 Regulation FD Disclosure | 7.01 On January 5, 2023, Silvergate Capital Corporation (the "Company") held a conference call to discuss select unaudited and preliminary fourth quarter 2022 financial metrics and provide a business update. | si-20230110.htm |
| 2023-01-05 | 8-K | 2023-01-05 | 2.05 Costs Associated with Exit or Disposal Activities; 2.06 Material Impairments; 7.01 Regulation FD Disclosure | 2.05 In 2022, Silvergate Capital Corporation (the "Company") increased employee headcount at a rapid rate in an effort to keep up with its growing digital asset business and serve its customers. 2.06 After performing an impairment analysis of the Company’s intangible assets, the Company will take an impairment charge of $196 million in the fourth quarter of 2022 related to developed technology assets purchased in January 2022. 7.01 On January 5, 2023, the Company issued a press release announcing select unaudited and preliminary fourth quarter 2022 financial metrics, and will host a business update conference call to follow at 8:00 a.m. | si-20230105.htm |
| 2023-01-04 | 8-K | 2023-01-04 | 7.01 Regulation FD Disclosure | 7.01 On January 4, 2023, Silvergate Capital Corporation (the "Company") issued a press release announcing that the Company will release select unaudited and preliminary fourth quarter 2022 financial metrics before market open on Thursday, January 5, 2023, and will host a business update conference call to follow at 8:00 a.m. | si-20230104.htm |