{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-025454","form_type":"8-K","ticker":"LMFA","cik":"0001640384","company_name":"LM FUNDING AMERICA, INC.","filed_at":"2022-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.532825+00:00","generated_at":"2026-06-21T15:53:14.181750+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"LM Funding amends CEO/CFO severance, cancels 3.6M stock options, adds director Zhang","bullets":["CEO Bruce Rodgers and CFO Richard Russell had employment agreements amended: removed change-of-control bonuses, revised severance to 2x salary plus 3-year avg bonus paid over 24 months plus COBRA.","Rodgers and Russell each surrendered 1,800,000 stock options (exercise price $5.95) for no consideration, cancelling 3.6M shares total.","Director Joel E. Rodgers resigned effective Nov 16, 2022; no disagreement. Tian 'Todd' Zhang appointed to fill vacancy, Class II director term ends 2024.","Non-employee director compensation amended: annual cash retainer $66,000 ($99,000 for audit committee) plus annual stock option award of same value, initial grant of $25,000 in options."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-025454","json":"https://secwatch.observer/filing/0000950170-22-025454.json","markdown":"https://secwatch.observer/filing/0000950170-22-025454.md","text":"https://secwatch.observer/filing/0000950170-22-025454.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1640384/000095017022025454/0000950170-22-025454-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1640384/000095017022025454/lmfa-20221116.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T15:53:14.181750+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a020989d3c","claim":"Joel E. Rodgers resigned as Director at LM FUNDING AMERICA, INC..","evidence_excerpt":"Effective November 16, 2022, Mr. Joel E. Rodgers resigned from his position as a member of the board of directors of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1640384/000095017022025454/0000950170-22-025454-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"f91a0aa086","claim":"Tian 'Todd' Zhang was appointed as Director at LM FUNDING AMERICA, INC..","evidence_excerpt":"Effective November 16, 2022, the Company’s board of directors appointed Tian “Todd” Zhang to the Company’s board of directors to fill the vacancy created by the resignation of Mr. Joel Rodgers.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1640384/000095017022025454/0000950170-22-025454-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}