NewtekOne Announces Executive Compensation Updates
Ticker: NEWTH · Form: 8-K · Filed: May 30, 2024 · CIK: 1587987
| Field | Detail |
|---|---|
| Company | Newtekone, Inc. (NEWTH) |
| Form Type | 8-K |
| Filed Date | May 30, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.02 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, employment-agreement, management-change
TL;DR
NewtekOne inked new pay deals for CEO Sloane & CFO Mager.
AI Summary
On May 30, 2024, NewtekOne, Inc. announced changes in its executive compensation. Specifically, the company entered into new employment agreements with Barry R. Sloane, its President and CEO, and Christopher L. Mager, its Chief Financial Officer. These agreements detail their roles, responsibilities, and compensation packages.
Why It Matters
This filing provides insight into the compensation structure for key executives, which can influence employee morale, retention, and investor confidence.
Risk Assessment
Risk Level: low — The filing concerns executive compensation, which is a standard corporate disclosure and does not indicate immediate financial distress or significant operational changes.
Key Players & Entities
- NewtekOne, Inc. (company) — The reporting company
- Barry R. Sloane (person) — President and CEO of NewtekOne, Inc.
- Christopher L. Mager (person) — Chief Financial Officer of NewtekOne, Inc.
- May 30, 2024 (date) — Date of the report and earliest event
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers for NewtekOne, Inc.
Who are the key executives mentioned in the filing regarding compensation?
The key executives mentioned are Barry R. Sloane, President and CEO, and Christopher L. Mager, Chief Financial Officer.
What is the date of the report?
The date of the report is May 30, 2024.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the state of incorporation for NewtekOne, Inc.?
NewtekOne, Inc. is incorporated in Maryland.
Filing Stats: 650 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-05-30 16:25:57
Key Financial Figures
- $0.02 — ich registered Common Stock, par value $0.02 per share NEWT Nasdaq Global Market LLC
Filing Documents
- newt-20240530.htm (8-K) — 28KB
- 0001587987-24-000112.txt ( ) — 213KB
- newt-20240530.xsd (EX-101.SCH) — 4KB
- newt-20240530_def.xml (EX-101.DEF) — 17KB
- newt-20240530_lab.xml (EX-101.LAB) — 32KB
- newt-20240530_pre.xml (EX-101.PRE) — 18KB
- newt-20240530_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NEWTEKONE, INC. Date: May 30, 2024 By: /S/ B ARRY S LOANE Barry Sloane Chief Executive Officer, President and Chairman of the Board