Regional Management Corp. Files DEF 14A with Executive Compensation Details

TL;DR

<b>Regional Management Corp. filed a DEF 14A detailing executive compensation and equity award adjustments for the fiscal year ending December 31, 2023.</b>

AI Summary

Regional Management Corp. (RM) filed a Proxy Statement (DEF 14A) with the SEC on April 15, 2024. Filing type is DEF 14A, submitted on 2024-04-15. Company is Regional Management Corp., SIC code 6141 (Personal Credit Institutions). Fiscal year ends December 31st. Business and mailing address: 979 Batesville Road, Suite B, Greer, SC 29651. Phone number: 864-448-7000.

Why It Matters

For investors and stakeholders tracking Regional Management Corp., this filing contains several important signals. This filing provides crucial information on how executive compensation is structured, including equity awards, which can impact investor perception of management alignment with shareholder interests. Understanding the details of equity awards and their adjustments can offer insights into the company's valuation of its management team and potential future dilution for shareholders.

Risk Assessment

Risk Level: — Regional Management Corp. shows moderate risk based on this filing. The filing is a routine DEF 14A, primarily containing information on executive compensation and equity awards, with no immediate financial performance data or significant operational changes disclosed.

Analyst Insight

Review the executive compensation details and equity award adjustments to assess management incentives and potential shareholder dilution.

Key Players & Entities

• Regional Management Corp. (company) — Filer name
• 979 Batesville Road, Suite B, Greer, SC 29651 (address) — Business and mailing address

FAQ

Industry Context

Regional Management Corp. operates in the Personal Credit Institutions sector, providing financial services.

Regulatory Implications

The DEF 14A filing is a requirement under the Securities Exchange Act of 1934 for companies soliciting proxies from shareholders.

What Investors Should Do

1. Analyze the specific equity awards granted to named executive officers.
2. Compare the reported equity award adjustments year-over-year.
3. Note any significant changes in executive compensation structure or values.

Key Dates

• 2024-04-15: Filing Date — Submission of DEF 14A
• 2023-12-31: Fiscal Year End — Reporting period for compensation details

Year-Over-Year Comparison

This is a DEF 14A filing, which typically provides information on executive compensation and shareholder meeting matters, rather than financial performance updates compared to previous filings.

Key Financial Figures

• $0.10 — , 9,868,227 shares of our common stock, $0.10 par value per share, were outstanding.

Filing Documents

• rm-20240415.htm (DEF 14A) — 2627KB
• img244307834_0.jpg (GRAPHIC) — 29KB
• img244307834_1.jpg (GRAPHIC) — 26KB
• img244307834_2.jpg (GRAPHIC) — 45KB
• img244307834_3.jpg (GRAPHIC) — 48KB
• img244307834_4.jpg (GRAPHIC) — 13KB
• img244307834_5.jpg (GRAPHIC) — 26KB
• img244307834_6.jpg (GRAPHIC) — 26KB
• img244307834_7.jpg (GRAPHIC) — 45KB
• img244307834_8.jpg (GRAPHIC) — 48KB
• img244307834_9.jpg (GRAPHIC) — 12KB
• img244307834_10.jpg (GRAPHIC) — 11KB
• img244307834_11.jpg (GRAPHIC) — 38KB
• img244307834_12.jpg (GRAPHIC) — 36KB
• img244307834_13.jpg (GRAPHIC) — 39KB
• img244307834_14.jpg (GRAPHIC) — 34KB
• img244307834_15.jpg (GRAPHIC) — 1078KB
• img244307834_16.jpg (GRAPHIC) — 420KB
• 0000950170-24-044435.txt (&nbsp;) — 8765KB
• rm-20240415.xsd (EX-101.SCH) — 67KB
• rm-20240415_htm.xml (XML) — 605KB

Executive Compensation Tables

Executive Compensation Tables 39 Summary Compensation Table 39 Grants of Plan-Based Awards 41 Outstanding Equity Awards at Fiscal Year-End 42 Option Exercises and Stock Vested 43 Equity Compensation Plan Information 43 CEO Pay Ratio 44 Pay Versus Performance 45 Summary of Employment Arrangements with Named Executive Officers 49 Former Employment Agreements with Named Executive Officers 49 Executive Severance and Change in Control Plan 51 Other Arrangements with Named Executive Officers 52 Potential Payments Upon Termination or Change-in-Control 52 Summary of Company Incentive Plans 58 Long-Term Incentive Plans 58 Annual Incentive Plan 58 Stockholder Proposals 60 Proposal No. 1: Election of Directors 60 Proposal No. 2: Ratification of Appointment of Independent Registered Public Accounting Firm 60 Proposal No. 3: Approval of the Regional Management Corp. 2024 Long-Term Incentive Plan 62 Proposal No. 4: Advisory Vote to Approve Executive Compensation 71 Proposal No. 5: Advisory Vote on the Frequency of Future Advisory Votes to Approve Executive Compensation 72 Regional Management Corp. | Notice of Annual Meeting of Stockholders Other Information 73 Audit Committee Report 73

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 74 Certain Relationships and Related Person Transactions 76 Proposals by Stockholders 77 Householding of Annual Meeting Materials 78 Other Business 78 Regional Management Corp. | Notice of Annual Meeting of Stockholders REGIONAL MANAGEMENT CORP. 979 Batesville Road, Suite B Greer, South Carolina 29651 PROXY STATEMENT For the Annual Meeting of Stockholders to Be Held on May 16, 2024 Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to Be Held on May 16, 2024: The Notice of Annual Meeting of Stockholders, Proxy Statement, and Annual Report on Form 10-K are available free of charge at https://materials.proxyvote.com/75902K and on the Investor Relations website of Regional Management Corp. at www.regionalmanagement.com. April 15, 2024 2024 Proxy St atement Summary This summary highlights information contained elsewhere in this Proxy Statement. It does not contain all of the information that you should consider. You should read the entire Proxy Statement carefully before voting. Annual Meeting of Stockholders Date: May 16, 2024 Time: 1:00 p.m. Eastern Daylight Time Access: Virtually via the internet at www.virtualshareholdermeeting.com/RM2024 . Instructions as to how you may attend and participate in the virtual Annual Meeting are set forth in the Proxy Statement under "General Information and Frequently Asked Questions – How do I attend and participate in the Annual Meeting online?" Record Date: April 2, 2024 Voting: Stockholders as of the record date are entitled to vote. Each share of common stock is entitled to one vote for each director nominee and one vote for each other proposal. Stockholders may vote by proxy or electronically during the virtual Annual Meeting by visiting www.virtualshareholdermeeting.com/RM2024 . Instructions as to how you may cast your vote are found on the accompanying proxy car

View Full Filing

View this DEF 14A filing on SEC EDGAR