other material
confidence high
sentiment neutral
materiality 0.60
Regional Management adopts Executive Severance and CIC Plan with multiples up to 2x
Regional Management Corp.
- Plan effective Apr 6, 2023; supersedes prior employment agreements for named executives.
- CEO Beck gets 2x severance multiple for non-CIC and CIC; period 24 months.
- Other NEOs (Rana, Schachtel, Fisher, Parmar) get 1x non-CIC, 2x CIC; period 12 months.
- Benefits require compliance with non-compete, non-solicit, and release of claims.
- Plan also covers termination due to disability or death with reduced benefits.