---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-001002"
form_type: "8-K"
ticker: "RM"
cik: "0001519401"
company_name: "Regional Management Corp."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:38:58.901574+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Regional Management terminates COO John Schachtel without cause

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-001002
- form_type: 8-K
- ticker: RM
- cik: 0001519401
- company_name: Regional Management Corp.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1519401/000095017024001002/0000950170-24-001002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1519401/000095017024001002/rm-20231231.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-001002
- JSON: https://secwatch.observer/filing/0000950170-24-001002.json
- Plain text: https://secwatch.observer/filing/0000950170-24-001002.txt

## Key facts
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1519401/000095017024001002/0000950170-24-001002-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.