secwatch.observer — SEC 8-K summary
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Issuer:     Regional Management Corp. (RM)
CIK:        0001519401
Form:       8-K
Filed at:   2023-04-10T23:59:59+00:00
Accession:  0000950170-23-012311
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Regional Management adopts Executive Severance and CIC Plan with multiples up to 2x
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519401/000095017023012311/0000950170-23-012311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519401/000095017023012311/rm-20230406.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-012311

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer