wmih corp (WMIH) Key Developments
WMI Holdings Corp will Change its Name to WMIH Corp
May 13 15
Effective May 14, 2015, WMI Holdings Corp will change its name to WMIH Corp.
WMI Holdings Corp. Announces Board and Committee Changes
Feb 27 15
WMI Holdings Corp. announced that on February 25, 2015, Timothy R. Graham provided conditional notice of his resignation from the Board of Directors of WMI Holdings Corp. and from the Compensation Committee of the Board, and Mark E. Holliday provided conditional notice of his resignation from the Board and from the Audit Committee and Nominating and Corporate Governance Committee of the Board and the Board of the company's subsidiary, WM Mortgage Reinsurance Company Inc. Each such resignation is conditioned upon and will be effective immediately upon the consummation of the anticipated reincorporation of the company from the State of Washington to the State of Delaware. The consummation of the Reincorporation is subject to a vote of the company's shareholders (the Shareholders), which is expected to occur on April 28, 2015.
WMI Holdings Corp., Annual General Meeting, Apr 28, 2015
Feb 25 15
WMI Holdings Corp., Annual General Meeting, Apr 28, 2015., at 14:00 US Eastern Standard Time. Location: Akin Gump Strauss Hauer & Feld LLP. Agenda: To elect Board of Directors consisting of seven members, each to serve until the next annual meeting of shareholders and until his or her successor is duly elected and qualified; to ratify the appointment of Burr Pilger Mayer, Inc., as independent registered public accounting firm for the fiscal year ending December 31, 2015; to approve the reincorporation of the company from the State of Washington to the State of Delaware by merging the company into a newly formed, wholly-owned Delaware subsidiary; to approve and ratify the company’s 2012 long-term stock incentive plan, as amended; to approve, on an advisory basis, compensation of the company’s named executive officers; and to transact such other business as may properly come before the meeting or any adjournments or postponements thereof.
WMIH Eyes Acquisitions
Jan 5 15
WMI Holdings Corp. (OTCPK:WMIH) is looking for acquisition opportunities. WMIH, whose common shares trade over the counter, said it had sold new convertible preferred stock to Citigroup Global Markets and KKR Capital Markets. Total proceeds were $598 million, but after expenses and fees WMIH will have about $568 million to spend. "With this capital we intend to continue to pursue opportunities for acquisitions of companies with operations that are complemented by the experience and expertise of our board and management team," said Michael Willingham, Chairman of WMIH in the Securities and Exchange Commission filing. A spokesman for WMI Holdings said it had no additional comment on the funding or its future plans.
WMI Holdings Seeks Acquisitions
Dec 19 14
WMI Holdings Corp. (OTCPK:WMIH) is looking for acquisition opportunities. WMI Holdings announces pricing of private offering of 0.6 million of shares and intends to use the net proceeds of the offering, expected to be approximately $568.7 million, to explore and fund, in whole or in part, acquisitions, whether completed or not, including reasonable attorney fees and expenses, accounting expenses, due diligence and financial advisor fees and expenses.