Regional Management terminates COO John Schachtel without cause

Regional Management Corp.

John D. Schachtel's employment as EVP and COO terminated without cause effective December 31, 2023.
Schachtel qualifies for severance benefits under the Executive Severance and Change in Control Plan.
CEO Rob Beck and other executives will absorb Schachtel's responsibilities.
Schachtel had served as COO for six and a half years; press release thanks him for contributions.

item 5.02 item 9.01

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Departed

John D. Schachtel

Executive Vice President and Chief Operating Officer

RM · Regional Management Corp.

Effective: 2023-12-31
Filed: January 3, 2024, 6:59 PM ET

On December 31, 2023, the employment of John D. Schachtel, Executive Vice President and Chief Operating Officer of Regional Management Corp. (the “ Company ”), was terminated without cause, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John D. Schachtel departed as Executive Vice President and Chief Operating Officer at Regional Management Corp..

Action: terminated without cause
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On December 31, 2023, the employment of John D. Schachtel, Executive Vice President and Chief Operating Officer of Regional Management Corp. (the “ Company ”), was terminated without cause, effective immediately.

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Source: SEC EDGAR

accession 0000950170-24-001002

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