SEATTLE--(BUSINESS WIRE)--June 24, 2008--Washington Mutual, Inc.
(NYSE:WM), announced that shareholders overwhelmingly approved two
Proposals put forth by the company at a special shareholders' meeting
related to the company's recent $7 billion capital raise.
Proposal 1 received an affirmative vote of more than 95 percent of
eligible shares voted while Proposal 2 received an affirmative vote of
more than 94 percent of eligible shares voted.
The first proposal approved an increase in the number of
authorized shares of common stock to permit the conversion of the
preferred stock issued in the company's recent capital-raising
transaction into, and the ability to exercise warrants issued in that
transaction for, common stock. The second proposal approved the
conversion and exercise of these securities.
WaMu, through its subsidiaries, is one of the nation's leading
consumer and small business banks. At March 31, 2008, WaMu and its
subsidiaries had assets of $319.67 billion. The company has a history
dating back to 1889 and its subsidiary banks currently operate
approximately 2,500 consumer and small business banking stores
throughout the nation. WaMu's financial reports and news releases are
available at www.wamu.com/ir.
Derek Aney, 206-500-6094 or 212-326-6075
Investor Relations Contact:
Alan Magleby, 206-500-4148 or 212-702-6955
SOURCE: Washington Mutual, Inc.