Pagaya Technologies Ltd. Announces Board and Executive Changes
Ticker: PGYWW · Form: 8-K · Filed: Apr 11, 2024 · CIK: 1883085
| Field | Detail |
|---|---|
| Company | Pagaya Technologies Ltd. (PGYWW) |
| Form Type | 8-K |
| Filed Date | Apr 11, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation
TL;DR
Pagaya's board is shuffling, with new exec comp plans in play.
AI Summary
Pagaya Technologies Ltd. announced on April 11, 2024, changes in its board of directors and executive compensation. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory arrangements for key personnel.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Pagaya Technologies Ltd. (company) — Registrant
- April 11, 2024 (date) — Report Date
- 001-41430 (other) — Commission File Number
FAQ
What specific roles have changed within Pagaya Technologies Ltd.'s executive team?
The filing indicates the departure of certain officers and the election of new directors, but does not specify the exact roles that have changed.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this filing was on April 11, 2024.
What is the Commission File Number for Pagaya Technologies Ltd.?
The Commission File Number for Pagaya Technologies Ltd. is 001-41430.
Where is Pagaya Technologies Ltd.'s principal executive office located?
Pagaya Technologies Ltd.'s principal executive offices are located at 90 Park Ave, 20th Floor, New York, New York 10016.
What type of report is this filing?
This filing is a Current Report on Form 8-K.
Filing Stats: 550 words · 2 min read · ~2 pages · Grade level 10.4 · Accepted 2024-04-11 17:04:31
Filing Documents
- pgy-20240411.htm (8-K) — 23KB
- 0001883085-24-000055.txt ( ) — 191KB
- pgy-20240411.xsd (EX-101.SCH) — 3KB
- pgy-20240411_def.xml (EX-101.DEF) — 16KB
- pgy-20240411_lab.xml (EX-101.LAB) — 28KB
- pgy-20240411_pre.xml (EX-101.PRE) — 17KB
- pgy-20240411_htm.xml (XML) — 4KB
02. Changes to the Company's Board of Directors
Item 5.02. Changes to the Company's Board of Directors Effective as of April 8, 2024, Tami Rosen ("Ms. Rosen") has been appointed by Pagaya Technologies Ltd.'s Board of Directors (the "Board") to serve as a director of the Company to fill the vacancy created by the resignation of Amy Pressman, effective the same day. Ms. Pressman's resignation was due to personal reasons and she is supportive of Ms. Rosen's appointment. Ms. Rosen, age 53, joined Pagaya in 2021 as the Chief People Officer and will be transitioning to a new role in the Company in addition to her appointment to the Board of Directors. As the Company's first C-Suite hire, she was instrumental in helping to scale the business, support M&A activities, attract and retain top talent, and assist in Pagaya's successful public offering. Prior to joining Pagaya, Ms. Rosen served in various senior executive roles at Apple, Goldman Sachs, Atlassian, and Luminar Technologies. Ms. Rosen received her undergraduate degree from Binghamton University in Law and Society. There are no transactions between the Company and Ms. Rosen that would be required to be reported under Item 404(a) of Regulation S-K.
SIGNATURES
SIGNATURES 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 hereunto duly authorized. PAGAYA TECHNOLOGIES LTD. Date: April 11, 2024 By: /s/ Gal Krubiner Name: Gal Krubiner Title: Chief Executive Officer