WaFd Hires Brent Beardall on $1.12 Million Salary, Grants $1.93 Million Robison Continuity Payment
Updated
Updated · TradingView · Sep 8
WaFd Hires Brent Beardall on $1.12 Million Salary, Grants $1.93 Million Robison Continuity Payment
2 articles · Updated · TradingView · Sep 8
Summary
WaFd signed Brent J. Beardall to a new executive employment agreement tied to its merger closing, giving him a five-year initial term under the surviving corporation.
The deal sets Beardall's annual base salary at $1,116,625, with a target bonus equal to 100% of base pay and eligibility for future equity awards.
Kim E. Robison, WaFd's chief operating officer, will receive a $1.93 million continuity payment within 60 days after closing if she remains employed through the merger.
Beardall is also eligible for severance if terminated without cause or if he resigns for good reason, including twice base salary plus target bonus paid over 24 months.
The Sept. 6 agreement and continuity arrangements were disclosed in an 8-K filing as WaFd prepares post-merger governance and management retention.