Open Lending Corp Reports Director/Officer Changes & Compensation
Ticker: LPRO · Form: 8-K · Filed: Sep 12, 2024 · CIK: 1806201
Sentiment: neutral
Topics: leadership-change, executive-compensation, governance
Related Tickers: LPRO
TL;DR
Open Lending (LPRO) board shakeup and new exec comp details filed.
AI Summary
Open Lending Corporation filed an 8-K on September 11, 2024, reporting changes in its board of directors and executive officers, including the departure of certain officers and the election of new directors. The filing also disclosed compensatory arrangements for certain officers and included financial statements and exhibits.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy or governance, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty regarding future strategy and operational stability.
Key Players & Entities
- Open Lending Corporation (company) — Registrant
- Nebula Parent Corp. (company) — Former company name
- September 11, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of certain officers and the election of new directors, though specific names and the exact number of changes are detailed within the document's exhibits.
Were there any new appointments to executive officer positions?
Yes, the filing reports the appointment of certain officers, with details likely found in the accompanying exhibits.
What is the nature of the compensatory arrangements disclosed?
The filing states that compensatory arrangements of certain officers are being disclosed, suggesting details about salaries, bonuses, or stock options are included.
What is the primary business of Open Lending Corporation?
Open Lending Corporation operates in the PERSONAL CREDIT INSTITUTIONS sector, specifically within personal credit institutions (SIC code 6141).
When was Open Lending Corporation incorporated?
Open Lending Corporation was incorporated in Delaware.
Filing Stats: 1,659 words · 7 min read · ~6 pages · Grade level 12.1 · Accepted 2024-09-12 16:49:08
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share LPRO The Nasdaq Stock Market
- $500,000 — l will be paid an annual base salary of $500,000 and will be eligible to receive an annu
- $2,500,000 — incentive awards with a target value of $2,500,000, which target will be subject to increa
Filing Documents
- lpro-20240911.htm (8-K) — 34KB
- lrpo-jehlareafinalxedgar.htm (EX-10.1) — 182KB
- lproceotransition9-11x24xe.htm (EX-99.1) — 12KB
- lpro-20240911_g1.jpg (GRAPHIC) — 38KB
- 0001806201-24-000128.txt ( ) — 474KB
- lpro-20240911.xsd (EX-101.SCH) — 2KB
- lpro-20240911_lab.xml (EX-101.LAB) — 21KB
- lpro-20240911_pre.xml (EX-101.PRE) — 12KB
- lpro-20240911_htm.xml (XML) — 3KB
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. OPEN LENDING CORPORATION By: /s/ Matthew Stark Name: Matthew Stark Title: Chief Legal and Compliance Officer and Corporate Secretary Date: September 12, 2024 3