Key Developments For BofI Holding, Inc
BofI Holding, Inc (BOFI.O) (Consolidated Issue listed on NASDAQ Global Market)
BofI Holding, Inc. Files Universal Shelf Registration
BofI Holding, Inc. announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission. When declared effective by the SEC, the shelf registration statement will allow the Company to raise capital from time to time, up to an aggregate of $125.0 million, through the sale of debt securities, common and preferred stock and warrants. Terms and prices, as well as use of proceeds, will be determined at the time of each offering and will be disclosed in a separate prospectus supplement to be filed with the SEC at the time of the offering.
BofI Holding, Inc. Announces Chairman Change-Form 8-K
BofI Holding, Inc. reported in its Form 8-K that on May 22, 2009, Mr. Jerry F. Englert announced his resignation as Chairman effective October 22, 2009. The Company elected current Vice Chairman of the Board, Theodore C. Allrich, as Chairman of the Board of Directors effective October 22, 2009
BofI Holding, Inc. Increases Stock Buyback Authorization
BofI Holding, Inc. announced that the Board of Directors approved an expansion of its common stock buyback program to purchase up to an additional 500,000 shares of BofI Holding's 8.3 million outstanding common shares when and if the opportunity arises. The increased authorization will be effective immediately with no termination date. BofI Holding announced its first buyback plan for 414,991 shares on June 30, 2005. The expansion will bring the total number of authorized buyback shares to 914,991.
BofI Holding, Inc. Announces Private Placement of Convertible Preferred Stock
BofI Holding, Inc. announced a private placement of its newly formed Series B - 8% Cumulative Convertible Nonparticipating Perpetual Preferred Stock (the "Series B Preferred"). The Series B Preferred has a liquidation preference of $1,000.00, an 8% dividend rate and is immediately convertible into shares of B of I common stock at a fixed conversion price of $9.00 per share. The net proceeds of the offering will be used for general corporate purposes, including additional capital funding to support asset growth at the Bank. The first $3.8 million of the Series B Preferred offering was closed through today, the end of B of I's fiscal year. The transaction will consist of several closing dates, generally expected to be complete by July 31, 2008.
BofI Holding, Inc. Names Gregory Garrabrants As CEO
BofI Holding, Inc. announced that its Board of Directors has unanimously appointed Gregory Garrabrants to serve as the Company's Chief Executive Officer (CEO). Gary Evans has relinquished the CEO role, but remains as President and Chief Operating Officer of the .
