Bread Financial Board Changes and Officer Compensation
Ticker: BFH-PA · Form: 8-K · Filed: Jun 11, 2024 · CIK: 1101215
| Field | Detail |
|---|---|
| Company | Bread Financial Holdings, INC. (BFH-PA) |
| Form Type | 8-K |
| Filed Date | Jun 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Bread Financial shakes up its board and adjusts exec pay. Keep an eye on strategy shifts.
AI Summary
On June 10, 2024, Bread Financial Holdings, Inc. announced changes to its Board of Directors, including the election of new directors and the departure of existing ones. The company also reported on compensatory arrangements for its officers. Specific details regarding the individuals involved and the financial implications of these arrangements were not fully disclosed in this initial filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty about future strategy and leadership effectiveness.
Key Players & Entities
- Bread Financial Holdings, Inc. (company) — Registrant
- June 10, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 3095 Loyalty Circle, Columbus, Ohio 43219 (address) — Principal Executive Offices
- 614-729-4000 (phone_number) — Registrant's Telephone Number
FAQ
Who are the newly elected directors of Bread Financial Holdings, Inc.?
The filing indicates the election of new directors but does not name them in the provided text.
Which directors have departed from the Board?
The filing mentions the departure of certain officers and directors but does not specify their names.
What is the effective date of these board changes?
The earliest event reported is dated June 10, 2024.
What specific compensatory arrangements were made for officers?
The filing notes that compensatory arrangements of certain officers are being reported, but the details are not provided in this excerpt.
What is the primary business of Bread Financial Holdings, Inc.?
Bread Financial Holdings, Inc. is classified under 'PERSONAL CREDIT INSTITUTIONS' with SIC code 6141.
Filing Stats: 731 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-06-11 07:31:18
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share BFH NYSE Indicate by check
Filing Documents
- bfh-20240610.htm (8-K) — 27KB
- exhibit9916-10x24.htm (EX-99.1) — 14KB
- bfh-20240610_g1.jpg (GRAPHIC) — 20KB
- image_0.jpg (GRAPHIC) — 9KB
- 0001101215-24-000130.txt ( ) — 231KB
- bfh-20240610.xsd (EX-101.SCH) — 2KB
- bfh-20240610_lab.xml (EX-101.LAB) — 21KB
- bfh-20240610_pre.xml (EX-101.PRE) — 12KB
- bfh-20240610_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Document Description 99.1 Press release dated June 11, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Bread Financial Holdings, Inc. Date: June 11, 2024 By: /s/ Joseph L. Motes III Joseph L. Motes III Executive Vice President, Chief Administrative Officer, General Counsel and Secretary