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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): July 26, 2022
SILVERGATE CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
| | | | | | | | |
Maryland | 001-39123 | 33-0227337 |
(State or other jurisdiction of | (Commission file number) | (IRS Employer |
incorporation or organization) | | Identification No.) |
4250 Executive Square, Suite 300, La Jolla, CA 92037
(Address of principal executive offices) (Zip Code)
(858) 362-6300
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered |
Class A Common Stock, par value $0.01 per share | SI | New York Stock Exchange |
Depositary Shares, Each Representing a 1/40th Interest in a Share of 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A | SI PRA | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 7.01 REGULATION FD DISCLOSURE.
On July 26, 2022, Silvergate Capital Corporation (the “Company”) issued a press release announcing the addition of Alaric Eby as Chief Product Development Officer. A copy of the press release is attached hereto as Exhibit 99.1.
The information furnished under Item 7.01 and Item 9.01, including Exhibit 99.1 hereto, of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference into any registration statement or other filings of the Company made under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit
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Number | Description |
| |
99.1 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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.
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| | SILVERGATE CAPITAL CORPORATION |
| | |
Date: | July 26, 2022 | By: | /s/ Alan J. Lane |
| | | Alan J. Lane President and Chief Executive Officer |
Silvergate Announces Addition of Alaric Eby as Chief Product Development Officer
LA JOLLA, Calif. – July 26, 2022 – Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE:SI), the leading provider of innovative financial infrastructure solutions to the digital currency industry, today announced that Alaric Eby has joined its team as Chief Product Development Officer. In this role, Alaric will be a key driver in executing Silvergate’s growth strategy by leading the Company’s product function and expanding our solutions to support the digital asset industry.
Before joining Silvergate, Alaric was Vice President of New Product Development at American Express for Amex Digital Labs, where he identified business opportunities and launched new products across several industries. He also served as the blockchain and crypto specialist and co-authored patents related to blockchain, security and payments.
Prior to his role in new product development at American Express, Alaric launched Amex Express Checkout, leading the creation, development and delivery of the new payments system. Alaric also led product launches at TravelClick Inc., which was acquired by Amadeus Hospitality, and at Citigroup.
“At Silvergate, we are committed to listening to our customers and leveraging their feedback and insights to build new financial solutions for the digital asset industry,” said Alan Lane, Chief Executive Officer of Silvergate. “Alaric’s experience leading product teams and developing new products will be instrumental as we build the next generation of solutions that aim to solve problems for our customers.”
“We’re excited to have Alaric join us at Silvergate,” said Ben Reynolds, Chief Strategy Officer of Silvergate. “His understanding of blockchain technologies and payments will help us strengthen our platform, further solidifying our position as a leader in financial infrastructure for the rapidly growing digital asset industry.”
About Silvergate
Silvergate Capital Corporation (NYSE: SI) is the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry. The Company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors around the world. Silvergate is enabling the rapid growth of digital currency markets and reshaping global commerce for a digital currency future.
Investor Relations:
Hunter Stenback/Ashna Vasa
(858) 200-3782
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