Washington – Matrix Bancorp Inc., a Denver-based financial-services company with offices in the Southwestern U.S., on Monday said it will sell about $134.4 million in stock and install a new management team, sending its shares up sharply.
Shares of Matrix soared $3.97, or 31 percent, to close at $16.97 on the Nasdaq. Earlier Monday, the stock traded as high as $19, its highest point since 1998.
The company said in a regulatory filing that it plans to offer 6.4 million shares at $21 apiece to accredited investors.
The proposed new management team will take over after the offering closes and following the resignations of some senior executives, the company said in its filing with the Securities and Exchange Commission.
It didn’t say why it’s proposing a new management team.
After the private offering closes, co-chief executives Richard Schmitz and D. Mark Spencer and chief financial officer David Kloos will resign, the filing said.
Matrix said Scot Wetzel will be elected president, chief executive and director. Wetzel also will serve as chairman, president and chief executive at its Matrix Capital Bank unit.
Co-founder Guy Gibson will be elected as a director and will serve as chairman. William Snider will be elected as a director and vice chairman of the board, and will serve as head of finance and risk management, the company said. Michael McCloskey will serve as chief operating officer with responsibility for all nonbank units.
