Item 404(a) of Regulation S-K.
In connection with his promotion, Mr. Davilas current annual base salary has been established
at $425,000. All other terms of Mr. Davilas employment agreement (the Employment Agreement) and
Payment Agreement (the Payment Agreement), filed as Exhibits 99.1 and 99.2 to the Companys
current report on Form 8-K filed with the SEC on October 3, 2007 and hereby incorporated by
reference herein, remain unchanged.
The foregoing summary is qualified in its entirety by reference to the Employment Agreement
and Payment Agreement.
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.
| W HOLDING COMPANY, INC. (Registrant) |
||||
| /s/ Freddy Maldonado | ||||
| Name: | Freddy Maldonado | |||
| Title: | Chief Financial Officer | |||
Date: October 9, 2008