Gregory Garrabrants

Career

1. 2007 – now
   Axos Financial, Inc. (BofI Holding until the 2018 rename) and Axos Banksrc
   President & CEO; director since March 2008
   Appointed CEO 2007-10-23, taking over from Gary Evans, who stayed on as the Bank's President & COO (PR-2007); later also took the President title
2. 2006 – 2007
   IndyMac Bancorpsrc
   Senior Vice President, head of corporate business development (M&A, joint ventures, strategic alliances)
   The press release and both proxies give no dates; March 2006 to September 2007 comes only from a search summary (WS-indymac)

Undated in the sources

• Goldman Sachssrc, Investment banker (financial institutions: capital, liquidity, balance-sheet and ALM advice)
• McKinsey & Companysrc, Management consultant to banks, insurers and asset managers
• U.S. District Court, Central District of Californiasrc, Law clerk to Judge Steven V. Wilson

Not located: Ten-year window (2016-2026) is fully covered by the proxy. Dates for the pre-2007 roles (Deloitte, clerkship, McKinsey, Goldman Sachs) are not given in any source read; the IndyMac start month is from a search summary only

Achievements

• CEO for nearly 19 years. The proxy puts the stock's return since his 2007-10-23 appointment at 4,201%src
• Proxy's five-year CAGRs to FY2025: net income 18.8%, book value per share 18.2%, diluted EPS 20.0%. FY2025 return on average common equity was 17.30%src
• GAAP net income was $432.9m in FY2025 and $490.4m in FY2026 (fiscal years end 30 June)src
• Owns 1,829,426 shares (3.23%) per the 2025 proxy; stockholders were told this is 231 times his base salarysrc
• Base salary has been $700,000 since the 2017 agreement, which the proxy puts at the 8th percentile of peers. Nearly all other pay comes from formulassrc

Education

• University of Southern California, BS Industrial and Systems Engineering (minor in Economics), high honorssrc
• Northwestern University, J.L. Kellogg Graduate School of Management, MBA Business, with highest distinctionsrc
• Northwestern University School of Law, JD Law, magna cum laudesrc
• CFA Institute, CFA charter Chartered Financial Analyst; also a member of the California Barsrc

Background

• Family The 2025 proxy states there are no family relationships among any directors and executive officerssrc
• Other Hired from outside in 2007 after a board search to run what was then Bank of Internet USA; the release quotes him saying the business model needed adjusting to raise profitabilitysrc
• Legal Former internal auditor Charles Matthew Erhart won a federal whistleblower-retaliation case against BofI: a jury found SOX and California Labor Code violations and awarded $1m for retaliation plus $500k for defamation. Garrabrants' own state-court privacy suit against Erhart got a $1,502 jury award, which the Court of Appeal reversed and remanded in 2023src
• Legal A securities class action (Houston Municipal Employees Pension System v. BofI Holding) alleged false statements about underwriting, internal controls and compliance. It named the company and certain senior officers and directors and settled for $14.1m, with final approval on 2022-10-14src
• Other Borrows from the bank he runs through the employee home-loan program, which all staff can use: $8,089.5k outstanding at 2025-06-30 at 0.43% (the AFR when the loan was made), the largest insider balance in the programsrc
• Other Pay is fixed by his Second Amended and Restated Employment Agreement (2017-06-30), which renews each January 1. Severance is 2x salary if terminated without cause before a change in control and 3x salary after one; there is no 280G gross-upsrc
• Other Recommends the pay of the other named executives, including the CFO, to the Compensation Committeesrc