Regional Management Corp. Appoints New CFO
Ticker: RM · Form: 8-K · Filed: Jun 5, 2024 · CIK: 1519401
| Field | Detail |
|---|---|
| Company | Regional Management Corp. (RM) |
| Form Type | 8-K |
| Filed Date | Jun 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10, $1,500,000, $445,000, $337,500, $272,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
New CFO Roffler starts June 10th with $375k salary + stock.
AI Summary
Regional Management Corp. announced on June 3, 2024, the appointment of Michael R. Roffler as Chief Financial Officer, effective June 10, 2024. Roffler will receive an annual base salary of $375,000 and will be eligible for an annual bonus. He will also receive a grant of 15,000 restricted stock units.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $375,000 — CFO Base Salary (Annual compensation for Michael R. Roffler.)
- 15,000 — RSUs Granted (Stock units awarded to the new CFO as part of his compensation package.)
Key Players & Entities
- Regional Management Corp. (company) — Registrant
- Michael R. Roffler (person) — Appointed Chief Financial Officer
- $375,000 (dollar_amount) — Annual base salary for new CFO
- 15,000 (dollar_amount) — Restricted stock units granted to new CFO
- June 10, 2024 (date) — Effective date of CFO appointment
- June 03, 2024 (date) — Date of report
FAQ
What is Michael R. Roffler's starting salary?
Michael R. Roffler's annual base salary will be $375,000.
When does Michael R. Roffler officially become CFO?
Michael R. Roffler's appointment as Chief Financial Officer is effective June 10, 2024.
What other compensation will the new CFO receive?
In addition to his base salary, Michael R. Roffler will be eligible for an annual bonus and will receive a grant of 15,000 restricted stock units.
What is the company's ticker symbol?
The filing does not explicitly state the ticker symbol, but the company name is Regional Management Corp.
What is the company's principal executive office address?
The principal executive offices are located at 979 Batesville Road, Suite B, Greer, South Carolina 29651.
Filing Stats: 922 words · 4 min read · ~3 pages · Grade level 12.3 · Accepted 2024-06-05 16:45:52
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 par value RM New York Stock Exchang
- $1,500,000 — ). The PRSU grant values are: Mr. Beck: $1,500,000; Ms. Rana: $445,000; Mr. Fisher: $337,5
- $445,000 — es are: Mr. Beck: $1,500,000; Ms. Rana: $445,000; Mr. Fisher: $337,500; and Mr. Parmar:
- $337,500 — 00,000; Ms. Rana: $445,000; Mr. Fisher: $337,500; and Mr. Parmar: $272,500. The actual n
- $272,500 — ; Mr. Fisher: $337,500; and Mr. Parmar: $272,500. The actual number of PRSUs, if any, th
Filing Documents
- rm-20240603.htm (8-K) — 44KB
- 0000950170-24-069377.txt ( ) — 156KB
- rm-20240603.xsd (EX-101.SCH) — 24KB
- rm-20240603_htm.xml (XML) — 5KB
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. Regional Management Corp. Date: June 5, 2024 By: /s/ Harpreet Rana Harpreet Rana Executive Vice President and Chief Financial Officer