Oportun Financial Reports Officer/Director Changes, Comp Arrangements
Ticker: OPRT · Form: 8-K · Filed: Feb 5, 2024 · CIK: 1538716
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**Oportun Financial just filed an 8-K about executive changes and pay, keep an eye out for details.**
AI Summary
Oportun Financial Corp. filed an 8-K on February 5, 2024, reporting an event that occurred on February 3, 2024. This filing indicates changes related to the departure or election of directors or officers and their compensatory arrangements. While specific names or dollar amounts are not detailed in this summary, the filing signals potential shifts in leadership or executive compensation, which could impact the company's strategic direction and financial health. Investors should monitor subsequent filings for details on who is leaving or joining and the financial implications, as these changes can affect stock performance.
Why It Matters
Changes in leadership or executive compensation can signal strategic shifts or financial health concerns, directly influencing investor confidence and the company's future performance.
Risk Assessment
Risk Level: medium — Without specific names or compensation details, the impact of these changes is uncertain, creating moderate risk for investors.
Analyst Insight
Investors should look for subsequent filings (like a 10-K or another 8-K) that provide specific names of departing or appointed officers/directors and details of any new compensatory arrangements to fully assess the impact on Oportun Financial Corp.
Key Players & Entities
- Oportun Financial Corp. (company) — the registrant filing the 8-K
- February 3, 2024 (date) — date of the earliest event reported
- February 5, 2024 (date) — date the 8-K was filed
- 001-39050 (other) — Commission File Number for Oportun Financial Corp.
- OPRT (other) — Trading Symbol for Oportun Financial Corp.
- Nasdaq Global Select Market (other) — exchange where OPRT Common Stock is registered
FAQ
What specific items are reported in this 8-K filing by Oportun Financial Corp.?
This 8-K filing reports on 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits' as per the ITEM INFORMATION section.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 3, 2024, as stated in the 'Date of Report (date of earliest event reported)' section.
What is the trading symbol and the exchange where Oportun Financial Corp.'s common stock is registered?
Oportun Financial Corp.'s common stock trades under the symbol OPRT and is registered on the Nasdaq Global Select Market, as indicated under 'Securities registered pursuant to Section 12(b) of the Act'.
What is Oportun Financial Corp.'s principal executive office address and phone number?
Oportun Financial Corp.'s principal executive office is located at 2 Circle Star Way, San Carlos, CA 94070, and its telephone number is (650) 810-8823.
What was Oportun Financial Corp.'s former company name and when did it change?
Oportun Financial Corp.'s former company name was Progreso Financiero Holdings, Inc., and the name change occurred on 20120104 (January 4, 2012).
Filing Stats: 1,101 words · 4 min read · ~4 pages · Grade level 10.9 · Accepted 2024-02-05 16:34:04
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share OPRT Nasdaq Global
- $125,000 — Incentive Plan, having a value equal to $125,000, prorated from the date of appointment
- $41,096 — ppointment to the Board in an amount of $41,096 (the "Initial Award"). The Initial Awar
Filing Documents
- oprt-20240203.htm (8-K) — 31KB
- a01102024-boardxadditions.htm (EX-99.1) — 9KB
- image_0a.jpg (GRAPHIC) — 62KB
- 0001538716-24-000011.txt ( ) — 254KB
- oprt-20240203.xsd (EX-101.SCH) — 2KB
- oprt-20240203_lab.xml (EX-101.LAB) — 24KB
- oprt-20240203_pre.xml (EX-101.PRE) — 12KB
- oprt-20240203_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number 99.1 Press Release dated February 5, 2024. 104 Cover Page Interactive Data File embedded within the Inline XBRL document SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. OPORTUN FINANCIAL CORPORATION (Registrant) Date: February 5, 2024 By: /s/ Kathleen Layton Kathleen Layton Chief Legal Officer