Regional Management Corp. 8-K Filing

FAQ

Key Financial Figures

• $0.10 — nge on Which Registered Common Stock, $0.10 par value RM New York Stock Exchang
• $0.30 — s declared a quarterly cash dividend of $0.30 per share of outstanding common stock,

Filing Documents

• rm-20250131.htm (8-K) — 57KB
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01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 31, 2025, Regional Management Corp. (the " Company ") and its wholly-owned subsidiary, Regional Management Receivables VI, LLC (" RMR VI "), entered into the Second Amendment to the Credit Agreement and Consent, dated as of January 31, 2025 (the " RMR VI Amendment "), by and among the Company, as servicer, RMR VI, as borrower, the lenders party thereto, and Regions Bank, as administrative agent (the " Administrative Agent "). The RMR VI Amendment further amends the Credit Agreement, dated as of February 2, 2023 (the " RMR VI Credit Agreement "), by and among the Company, as servicer, RMR VI, as borrower, the lenders and agents parties thereto, the Administrative Agent, and Computershare Trust Company, N.A., as securities intermediary and backup servicer. The RMR VI Credit Agreement was previously filed on February 8, 2023, with the Securities Exchange Commission (the " SEC ") by the Company as Exhibit 10.1 to the Current Report on Form 8-K dated February 2, 2023. The RMR VI Amendment amends the RMR VI Credit Agreement to, among other things, (i) address changes to the definitions of "Concentration Limits" and "Level II Trigger Event," (ii) add certain additional direct and indirect subsidiaries of the Company to the definition of "Originator," (iii) extend the "Scheduled Commitment Termination Date" to February 1, 2027, (iv) make certain clarifications to the eligibility criteria for "Eligible Receivables," (v) add definitions and amend related provisions to allow for interest on the loans to accrue based on the Daily Simple Secured Overnight Financing Rate (as defined therein), and (vi) address amendments to and the incorporation of certain definitions relating to the pledge of receivables representing an undivided fractional participation interest in such receivables originated by a bank partner upon the satisfaction of certain conditions. Certain pricing terms were modified pursuant to an amende

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On February 5, 2025, the Company issued a press release announcing financial results for the three and twelve months ended December 31, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. On February 5, 2025, the Company will host a conference call to discuss financial results for the three and twelve months ended December 31, 2024. A copy of the presentation to be used during the conference call is attached hereto as Exhibit 99.2 and is incorporated herein by reference. All information in the press release and the presentation is furnished under Item 2.02 of Form 8-K, "Results of Operations and Financial Condition," and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

01. Other Events

Item 8.01. Other Events. On February 5, 2025, the Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share of outstanding common stock, payable on March 13, 2025 to stockholders of record as of the close of business on February 20, 2025.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Second Amendment to Credit Agreement and Consent dated as of January 31, 2025, by and among Regional Management Corp., as servicer, Regional Management Receivables VI, LLC, as borrower, the lenders parties thereto, and Regions Bank, as administrative agent. 99.1 Press Release issued by Regional Management Corp. on February 5, 2025, announcing financial results for Regional Management Corp. for the three and twelve months ended December 31, 2024. 99.2 Presentation of Regional Management Corp., dated February 5, 2025. 104 Cover Page Interactive Data File (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. Regional Management Corp. Date: February 5, 2025 By: /s/ Harpreet Rana Name: Harpreet Rana Title: Executive Vice President and Chief Financial and Administrative Officer

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View this 8-K filing on SEC EDGAR