Item 404(a) of Regulation S-K.
     In connection with his promotion, Mr. Davila’s current annual base salary has been established at $425,000. All other terms of Mr. Davila’s employment agreement (the “Employment Agreement”) and Payment Agreement (the “Payment Agreement”), filed as Exhibits 99.1 and 99.2 to the Company’s 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