secwatch.observer — SEC 8-K summary
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Issuer:     UPBOUND GROUP, INC. (UPBD)
CIK:        0000933036
Form:       8-K
Filed at:   2022-09-29T23:59:59+00:00
Accession:  0001104659-22-104199
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent-A-Center lowers Q3 guidance; appoints new CFO from Santander
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- Maureen Short departed as EVP-CFO on Sept 28; Fahmi Karam named successor effective Oct 31.
- Karam, former Santander Consumer USA CFO, will receive $1M base salary, $2.5M LTIP award, $1M sign-on bonus, and $2M in RSUs.
- Q3 2022 revenue guidance cut to $1.000-$1.020B from $1.000-$1.055B.
- Adjusted EBITDA (excl. SBC) guidance lowered to $110-$120M vs prior $125-$142M.
- Non-GAAP diluted EPS guidance reduced to $0.85-$0.95 from $1.05-$1.25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933036/000110465922104199/0001104659-22-104199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933036/000110465922104199/tm2226903d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-104199

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