Prog Holdings, Inc. 8-K Filing

Ticker: PRG · Form: 8-K · Filed: Dec 2, 2025 · CIK: 1808834

Prog Holdings, Inc. 8-K Filing Summary
FieldDetail
CompanyProg Holdings, Inc. (PRG)
Form Type8-K
Filed DateDec 2, 2025
Pages3
Reading Time4 min
Key Dollar Amounts$0.50, $420 million, $330 million
Sentimentneutral

Sentiment: neutral

FAQ

What type of filing is this?

This is a 8-K filing submitted by Prog Holdings, Inc. (ticker: PRG) to the SEC on Dec 2, 2025.

What are the key financial figures in this filing?

Key dollar amounts include: $0.50 (ange on which registered Common Stock, $0.50 Par Value PRG New York Stock Exchange); $420 million (quired Entity for cash consideration of $420 million. In addition, the Acquired Entity has a); $330 million (, the Acquired Entity has approximately $330 million of non-recourse funding debt under its).

How long is this filing?

Prog Holdings, Inc.'s 8-K filing is 3 pages with approximately 977 words. Estimated reading time is 4 minutes.

Where can I view the full 8-K filing?

The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.

Filing Stats: 977 words · 4 min read · ~3 pages · Grade level 13.3 · Accepted 2025-12-02 08:16:11

Key Financial Figures

  • $0.50 — ange on which registered Common Stock, $0.50 Par Value PRG New York Stock Exchange
  • $420 million — quired Entity for cash consideration of $420 million. In addition, the Acquired Entity has a
  • $330 million — , the Acquired Entity has approximately $330 million of non-recourse funding debt under its

Filing Documents

01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT On December 1, 2025, PROG Beach, LLC (the "Purchaser"), a wholly-owned subsidiary of PROG Holdings, Inc. (the "Company"), entered into a Unit Purchase Agreement (the "Purchase Agreement") with Purchasing Power Parent, LLC (the "Seller"), P-Squared, LLC, a wholly-owned subsidiary of the Seller (the "Acquired Entity"), and, solely to guarantee the Purchaser's obligations under the Purchase Agreement, the Company. Pursuant to the Purchase Agreement, the Purchaser has agreed to acquire all of the issued and outstanding equity interests of the Acquired Entity for cash consideration of $420 million. In addition, the Acquired Entity has approximately $330 million of non-recourse funding debt under its securitization and warehouse facilities that will remain in place following the closing of the transaction. The transaction is intended to result in the Company acquiring the Seller's voluntary employee benefit program, which allows an employers' workers to buy brand-name products and services through automatic payroll deductions without credit checks. The Purchase Agreement contains customary representations, warranties, covenants, and obligations of the parties. In connection with the transaction, the Purchaser intends to obtain a representation and warranty insurance policy that provides coverage for certain breaches of the representations and warranties made by the Seller in the Purchase Agreement, subject to customary exclusions, deductibles, and other terms and conditions. The Purchase Agreement provides that the closing of the transaction is subject to customary closing conditions, including, among other things, (i) the accuracy of each party's representations and warranties (subject to customary materiality standards), (ii) each party's compliance in all material respects with its pre-closing covenants, (iii) the expiration or termination of the waiting period (and any extension thereof) applicable to the consu

01. REGULATION FD DISCLOSURE

ITEM 7.01. REGULATION FD DISCLOSURE On December 1, 2025, the Company issued a press release announcing the transaction, a copy of which is furnished as Exhibit 99.1 and is incorporated herein by reference. In addition, on December 2, 2025, the Company will hold a conference call and make a simultaneous presentation to investors to discuss the transaction, a copy of which is furnished as Exhibit 99.2 and is incorporated herein by reference. The information contained in this Item 7.01 of this Current Report on Form 8-K, as well as Exhibit 99.1 and Exhibit 99.2 referenced herein, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

01. FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits: Exhibit No. Description 99.1 Press Release, dated De cember 1, 2025 99.2 Investor Presentation, dated December 2, 2025 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

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. PROG Holdings, Inc. By: /s/ Todd King Date: December 2, 2025 Todd King Chief Legal and Compliance Officer

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