Preheat the oven to 375 degrees Fahrenheit and spray a 13"x9" baking dish with nonstick spray and set aside.
In a large saucepan over low heat, add the butter and water. Allow the butter to melt, remove from heat, and allow it to cool for a few minutes.
To the saucepan, whisk in the sugar and buttermilk. Add the eggs and whisk well.
Add the dry ingredients of flour, baking soda, and salt and mix well. Pour in the vanilla extract and almond extract and stir well.
Pour the batter into the prepared baking dish and bake for 25-28 minutes. Check the vanilla cake at 25 minutes by inserting a toothpick into the center. The toothpick should come out clean.*
Place the cake on a wire rack.
Make the Chocolate Glaze
While the cake is baking, make the chocolate glaze. In a small saucepan, melt the butter and add the sifted cocoa powder.
Remove from the heat and gradually stir in the powdered sugar and milk, alternating between the two, until the glaze is smooth and well combined. Add in the vanilla extract and stir well.
Pour the chocolate glaze over the warm cake and smooth the icing out with a spatula.
Allow the cake to cool completely before slicing and serving.
Notes
*if your cake still needs more baking time but it's getting too brown, tent the cake with aluminum foil while it continues to bake.Storage Instructions for Vanilla Sheet CakeOnce the vanilla sheet cake has completely cooled, cover it tightly with plastic wrap or transfer individual slices to an airtight container. Store on your counter at room temperature for up to 3 days to keep the cake fresh and moist.