8-K - NewtekOne, Inc. 8.5 % Notes -01.02.31 | StockGist

AI Analysis

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NewtekOne, Inc. renewed employment agreements for four key executives, including its CEO, CFO, and Chief Legal Officer, with three agreements now including a one-year base compensation non-renewal payment.

Key Takeaways

1The company renewed employment agreements for CEO Barry Sloane, CFO Frank DeMaria, and Chief Legal Officer Michael A. Schwartz for one-year terms.

2The company's subsidiary Newtek Bank, N.A. renewed the employment agreement for its President, Peter Downs, for a one-year term.

3The renewed agreements for DeMaria, Schwartz, and Downs each now include a Non-renewal Payment equal to one year of base compensation.

4The terms of Barry Sloane's renewed employment agreement remain unchanged from the previous version.

5The full terms of the renewed agreements will be filed as exhibits to the company's next Quarterly Report on Form 10-Q.

Current Report Details

Event Type

Management Change

Disclosure

Mandatory

Variant

8-K

Items Reported

5.02

. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 1,

Management Change

Executive & Director Changes

Barry Sloane

Chief Executive Officer and President

Employment agreement renewed

Effective: 2026-04-01

Renewal for additional one-year term

Michael A. Schwartz

Chief Legal Officer and Corporate Secretary

Employment agreement renewed

Effective: 2026-04-01

Renewal for additional one-year term

Frank DeMaria

Chief Financial Officer and Executive Vice President

Employment agreement renewed

Effective: 2026-04-01

Renewal for additional one-year term

Peter Downs

President of Newtek Bank, N.A.

Employment agreement renewed

Effective: 2026-04-01

Renewal for additional one-year term

Exhibits (1)

8-K