secwatch.observer — SEC 8-K summary
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Issuer:     ENCORE CAPITAL GROUP INC (ECPG)
CIK:        0001084961
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001084961-25-000032
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Encore Capital appoints Tomas Hernanz as CFO, effective April 1, 2025; Jonathan Clark transitions to senior advisor
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- Hernanz will receive $500K base salary, 85% target bonus, and $950K LTI (50% RSUs, 50% PSUs).
- Clark will serve as senior advisor for up to 30 hrs/month for 24 months starting April 1, 2025.
- Clark's outstanding equity awards will continue vesting subject to continued service as consultant.
- Hernanz previously CFO of Cabot Credit Management since Oct 2022; joined Encore in 2016.
- Severance benefits under Executive Separation Plan as Tier 1 participant; relocation expenses eligible.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084961/000108496125000032/0001084961-25-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084961/000108496125000032/ecpg-20250326.htm
  HTML page:      https://secwatch.observer/filing/0001084961-25-000032

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