PRA Group Files 8-K: Director Changes & Officer Compensation
Ticker: PRAA · Form: 8-K · Filed: Mar 13, 2024 · CIK: 1185348
| Field | Detail |
|---|---|
| Company | Pra Group Inc (PRAA) |
| Form Type | 8-K |
| Filed Date | Mar 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, director-changes
Related Tickers: PRAA
TL;DR
PRAA board shakeup and exec pay details filed. Watch for governance changes.
AI Summary
PRA Group, Inc. filed an 8-K on March 13, 2024, reporting on the departure of a director, the election of a new director, and compensatory arrangements for certain officers. The filing also includes information regarding Regulation FD disclosures and financial statements/exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation disclosures, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- PRA Group, Inc. (company) — Registrant
- March 13, 2024 (date) — Filing Date
- Delaware (jurisdiction) — State of Incorporation
- Norfolk, Virginia (location) — Principal Executive Offices
FAQ
Who departed from the board of directors?
The filing indicates the departure of a director, but the specific name is not provided in the provided text snippet.
Who was elected as a new director?
The filing mentions the election of a new director, but the specific name is not provided in the provided text snippet.
What other items are covered in this 8-K filing?
The filing also covers compensatory arrangements of certain officers, Regulation FD disclosures, and financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on March 13, 2024.
What is PRA Group, Inc.'s fiscal year end?
PRA Group, Inc.'s fiscal year ends on December 31.
Filing Stats: 733 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-03-13 16:05:26
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share PRAA NASDAQ Global
Filing Documents
- praa-20240313.htm (8-K) — 29KB
- a3132024exhibit991.htm (EX-99.1) — 10KB
- imagea.jpg (GRAPHIC) — 17KB
- 0001185348-24-000018.txt ( ) — 187KB
- praa-20240313.xsd (EX-101.SCH) — 2KB
- praa-20240313_lab.xml (EX-101.LAB) — 21KB
- praa-20240313_pre.xml (EX-101.PRE) — 12KB
- praa-20240313_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On March 12, 2024, the Company issued a press release announcing the appointment of Mr. Marino as a director, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference. None of the information furnished in Item 7.01 or Exhibit 99.1 of this Current Report on Form 8-K shall be deemed to be "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liability of that Section. Unless expressly set forth by specific reference in such filings, none of the information furnished in this Current Report on Form 8-K shall be incorporated by reference in any filing under the Securities Act of 1933, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Press Release dated March 12, 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 hereunto duly authorized. PRA Group, Inc. Date: March 13, 2024 By: /s/ Rakesh Sehgal Rakesh Sehgal Executive Vice President and Chief Financial Officer