Upbound Group, Inc. Director Departs; Officer Compensation Disclosed
Ticker: UPBD · Form: 8-K · Filed: Sep 10, 2024 · CIK: 933036
Sentiment: neutral
Topics: director-departure, officer-compensation, regulation-fd
Related Tickers: UPBD
TL;DR
Director Glickman out at Upbound Group (UPBD). Officer pay details also filed.
AI Summary
Upbound Group, Inc. announced on September 10, 2024, the departure of director Michael J. Glickman. The company also reported on compensatory arrangements for certain officers and provided a Regulation FD disclosure. The filing includes financial statements and exhibits.
Why It Matters
The departure of a director can signal changes in company strategy or governance. Disclosures on officer compensation are important for understanding executive incentives and potential future costs.
Risk Assessment
Risk Level: low — This filing primarily concerns director changes and compensation disclosures, which are routine corporate events with no immediate indication of significant financial distress or operational risk.
Key Players & Entities
- Upbound Group, Inc. (company) — Registrant
- Michael J. Glickman (person) — Departing Director
- September 10, 2024 (date) — Report Date
FAQ
Who is the departing director?
Michael J. Glickman is the director who has departed from Upbound Group, Inc.
What is the exact date of the report?
The exact date of the report is September 10, 2024.
What are the main items reported in this 8-K?
The main items reported are the departure of a director, election of directors, appointment of officers, compensatory arrangements of certain officers, Regulation FD disclosure, and financial statements and exhibits.
What is the company's state of incorporation?
Upbound Group, Inc. is incorporated in Delaware.
What is the company's IRS Employer Identification No.?
The company's IRS Employer Identification No. is 45-0491516.
Filing Stats: 1,118 words · 4 min read · ~4 pages · Grade level 11 · Accepted 2024-09-10 07:28:42
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 Par Value UPBD The Nasdaq Global Se
- $85,000 — to non-employee directors of the Board $85,000 Annual Grant of Deferred Stock Units
- $145,000 — not have voting rights. Units valued at$145,000 (as of thegrant date) Optional DSU De
Filing Documents
- tm2423294d1_8k.htm (8-K) — 35KB
- tm2423294d1_ex99-1.htm (EX-99.1) — 8KB
- tm2423294d1_ex99-1img001.jpg (GRAPHIC) — 5KB
- 0001104659-24-098378.txt ( ) — 224KB
- rcii-20240910.xsd (EX-101.SCH) — 3KB
- rcii-20240910_lab.xml (EX-101.LAB) — 33KB
- rcii-20240910_pre.xml (EX-101.PRE) — 22KB
- tm2423294d1_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 On September 10, 2024, Upbound Group, Inc. ("Upbound" or the "Company") announced by press release that, effective September 10, 2024, Ms. Charu Jain has been appointed to the Upbound Board of Directors (the "Board") as a new independent director. Ms. Jain will stand for re-election to the Board at the Company's 2025 annual meeting of stockholders. Ms. Jain is a senior technology executive with a track record of using technology and innovation to achieve growth and leading successful large-scale digital transformation initiatives. Currently, Ms. Jain serves as the senior vice president of merchandising and innovation at Alaska Air Group, Inc. ("Alaska Air Group") (NASDAQ: ALK), the holding company for a leading global and regional airline. In her role, Ms. Jain is responsible for driving strategy and execution for both employee and consumer-facing innovation along with taking Alaska Air Group to the next level with merchandising products and services and managing ever evolving airline distribution channels. She also serves as the management lead to the Innovation Committee of the Board of Directors at Alaska Air Group. Ms. Jain joined Alaska Air Group in 2017 as vice president and chief information officer, where she led the technology integration of Virgin America, data center and cloud migration, and mobile tool expansion across the company. Prior to Alaska Air Group, Ms. Jain served in various technology and other leadership roles at companies including IBM, Pacific Gas & Electric, United Airlines and PwC. Ms. Jain holds a Bachelor's Degree in Economics from Lucknow University, India, and an MBA in International Management at Lake Forest Graduate School of Management, Illinois. With a passion for developing STEM talent, Ms. Jain serves on the University of Washington Foster School of Business Technology Adv
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the press release announcing the appointment of Ms. Jain as a new Upbound director, 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 99.1 Press release announcing the appointment of Ms. Jain as a new Upbound Group, Inc. director 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: September 10, 2024 By: /s/ Bryan Pechersky Bryan Pechersky Executive Vice President, General Counsel and Secretary