Upbound Group Appoints New Chief Legal Officer

TL;DR

Upbound Group names Michael Glickman as new CLO, starting April 1st with $375k salary + stock.

AI Summary

Upbound Group, Inc. announced on April 1, 2024, the appointment of Michael J. Glickman as Chief Legal Officer and General Counsel, effective April 1, 2024. Glickman will receive an annual base salary of $375,000 and will be eligible for an annual cash incentive award. He will also receive a grant of 150,000 restricted stock units (RSUs) vesting over three years.

Why It Matters

The appointment of a new Chief Legal Officer is a significant leadership change that could impact the company's legal strategy and compliance efforts.

Risk Assessment

Risk Level: low — This filing primarily concerns an executive appointment and compensation, which typically carries a low inherent risk.

Key Numbers

• $375,000 — Annual Base Salary (For the new Chief Legal Officer, Michael J. Glickman.)
• 150,000 — Restricted Stock Units (Granted to Michael J. Glickman, vesting over three years.)

Key Players & Entities

• Upbound Group, Inc. (company) — Registrant
• Michael J. Glickman (person) — Appointed Chief Legal Officer and General Counsel
• $375,000 (dollar_amount) — Annual base salary for Michael J. Glickman
• 150,000 (dollar_amount) — Restricted stock units granted to Michael J. Glickman
• April 1, 2024 (date) — Effective date of appointment and grant

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 Par Value UPBD The Nasdaq Global Se
• $145,000 — not have voting rights. Units valued at$145,000 (as of thegrant date) Optional DSU De

Filing Documents

• tm2410423d1_8k.htm (8-K) — 42KB
• tm2410423d1_ex10-1.htm (EX-10.1) — 8KB
• tm2410423d1_ex99-1.htm (EX-99.1) — 9KB
• tm2410423d1_ex10-1img001.jpg (GRAPHIC) — 3KB
• tm2410423d1_ex99-1img005.jpg (GRAPHIC) — 17KB
• 0001104659-24-043915.txt ( ) — 265KB
• rcii-20240401.xsd (EX-101.SCH) — 3KB
• rcii-20240401_lab.xml (EX-101.LAB) — 33KB
• rcii-20240401_pre.xml (EX-101.PRE) — 22KB
• tm2410423d1_8k_htm.xml (XML) — 3KB

02 Departure of Directors or Certain Officers; Election of

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (b) and (d) On April 5, 2024, Upbound Group, Inc. ("Upbound" or the "Company") announced by press release that, effective April 1, 2024, Ms. Molly Langenstein has been appointed to the Upbound Board of Directors (the "Board") as a new independent director. Ms. Langenstein has been appointed to the Compensation Committee and the Nominating and Corporate Governance Committee of the Board. Ms. Langenstein will stand for election to the Board at the Company's 2024 annual meeting of stockholders with all current directors other than Ms. You. Ms. Langenstein is a 30-year retail industry veteran with a proven track record of building multiple successful brands. Her experience and leadership include navigating the evolving digital landscape for consumers and delivering omni-channel experiences. Most recently, Ms. Langenstein served as the Chief Executive Officer and President and a member of the board of directors of Chico's FAS ("Chico's"), one of the leading fashion retailers in North America, until Chico's was acquired by Sycamore Partners in January 2024. Ms. Langenstein joined Chico's in August 2019 as the company's President, Apparel Group. She transitioned to the role of CEO and President on June 24, 2020. Before joining Chico's, she spent nearly three decades at Macy's, Inc., where she was promoted to numerous executive positions with increasing scope and responsibility, including General Business Manager, Ready-to-Wear at Macy's from 2017 to 2019. Prior to that, she served as Chief Private Brands Officer of Macy's and Bloomingdale's from 2015 to 2017. Ms. Langenstein served as Executive Vice President of Private Brands for Men's and Children's Wear at Macy's Private Brands from 2013 to 2014. In 2012, she was named Executive Vice President, Group Merchandise Manager of Millennial at Macy's. Ms. Langenstein re

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. A copy of the press release announcing the election of Ms. Langenstein as a new Upbound Group director and upcoming departure of existing director Ms. You, as described under Item 5.02, is furnished herewith as Exhibit 99.1 and is incorporated in this Item 7.01 by reference. This press release is being furnished pursuant to Item 7.01, and the information contained therein shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act or otherwise subject to liabilities under that Section. Furthermore, the information contained in Exhibit 99.1 shall not be deemed to be incorporated by reference into Upbound's filings 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 10.1 Letter Agreement, dated April 3, 2024, between Upbound Group, Inc. and Mitchell E. Fadel 99.1 Press release announcing the election of Ms. Langenstein as a new Upbound Group, Inc. director and upcoming departure of existing director Ms. You 104 Cover Page Interactive Data File (formatted in Inline XBRL)

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. UPBOUND GROUP, INC. Date: April 5, 2024 By: /s/ Bryan Pechersky Bryan Pechersky Executive Vice President, General Counsel and Secretary

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View this 8-K filing on SEC EDGAR