[8-K] WaFd, Inc. Reports Material Event

Rhea-AI Filing Summary

WaFd, Inc. declared a cash dividend of $12.1875 per share on its 4.875% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. Each depositary share represents a 1/40th interest in a preferred share, so the dividend equals $0.30468750 per depositary share. The depositary shares trade on NASDAQ under the symbol WAFDP. The dividend is payable on October 15, 2025 to holders of record as of September 30, 2025. The filing also furnishes an Inline XBRL cover page and includes standard forward-looking statement cautions.

Insights

Financial Analyst

TL;DR Routine declaration of the stated fixed-rate preferred dividend confirms the scheduled cash distribution and record/payable dates for preferred holders.

The company declared a cash dividend of $12.1875 per Series A preferred share (4.875% fixed rate), which translates to $0.30468750 per depositary share because each depositary share represents 1/40th of a preferred share. The filing specifies a record date of September 30, 2025 and a payable date of October 15, 2025. This is a straightforward cash distribution notice for holders of the publicly traded depositary shares (NASDAQ: WAFDP).

Corporate Governance Expert

TL;DR The filing confirms a preferred-share dividend and states the instrument is non-cumulative, which is a key structural feature for holders.

The report identifies the instrument as Non-Cumulative Perpetual Preferred Stock. The non-cumulative description is included in the security's name in the filing and is therefore a disclosed characteristic of the Series A preference. The notice also furnishes an Inline XBRL cover page and standard risk/forward-looking language, consistent with routine SEC disclosure practice.

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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): August 12, 2025

 ____________________________________

WAFD, INC.

(Exact name of registrant as specified in its charter)

 ____________________________________

Washington

001-34654

91-1661606

(State or other jurisdiction of incorporation or organization)

(Commission File Number)

(I.R.S. Employer Identification No.)

425 Pike Street

Seattle

Washington

98101

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code (206) 624-7930

Not Applicable

(Former name or former address, if changed since last report)

____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ 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:

Title of Each Class

Trading Symbol

Name of each exchange on which registered

Common Stock, $1.00 par value per share

WAFD

NASDAQ Stock Market

Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.875% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock

WAFDP

NASDAQ Stock Market

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 8.01 Other Events

On August 12, 2025 the Board of Directors of WaFd, Inc. (the "Company" or "WaFd") declared a cash dividend of $12.1875 per share, on its 4.875% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. This dividend equals $0.30468750 per depositary share, each representing 1/40th interest in a share of Series A Preferred Stock, which is traded on the NASDAQ under the symbol "WAFDP." The Series A Preferred Stock dividend is payable on October 15, 2025, to shareholders of record as of September 30, 2025.

Item 9.01 Financial Statements and Exhibits

(d) The following exhibits are being furnished herewith:

Exhibit 104    Cover Page Interactive Data File (embedded within with Inline XBRL)

Important Cautionary Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report on Form 8-K that do not relate to matters of historical fact should be considered forward-looking statements. These statements are based on management’s current assumptions and are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. For important factors that could cause actual results to differ materially from the forward-looking statements in this Current Report on Form 8-K, please see the risks and uncertainties identified under the heading “Risk Factors” in our Annual Report on Form 10-K for the year ended September 30, 2024, and our other reports filed with the SEC which are available on the SEC website at www.sec.gov. All forward-looking statements reflect the Company’s beliefs and assumptions only as of the date of this Current Report on Form 8-K. The Company undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

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 thereunto duly authorized.

 

August 12, 2025

WAFD, INC.

By:

/s/ KELLI J. HOLZ

Kelli J. Holz

Executive Vice President and Chief Financial Officer

3

FAQ

What dividend did WaFd (WAFDP) declare for its Series A preferred shares?

The company declared a cash dividend of $12.1875 per Series A preferred share, which equals $0.30468750 per depositary share.

When is the WAFDP dividend payable and who must be on record to receive it?

The dividend is payable on October 15, 2025 to shareholders of record as of September 30, 2025.

How does a depositary share relate to a WaFd Series A preferred share?

Each depositary share represents a 1/40th interest in one share of the Series A preferred stock, per the filing.

On which exchange do the depositary shares trade and under what symbol?

The depositary shares trade on the NASDAQ Stock Market under the symbol WAFDP.

Does the filing include any technical exhibits or data formats?

Yes, the filing furnishes an Inline XBRL Cover Page Interactive Data File as an exhibit.