Upbound Group adds ex-Chico's CEO Molly Langenstein as director; CEO retention deal

UPBOUND GROUP, INC.

Molly Langenstein appointed independent director effective April 1, 2024; joins Compensation and Nominating committees.
Langenstein is former CEO & President of Chico's FAS; 30-year retail veteran including Macy's.
Director Jen You will not stand for re-election at 2024 annual meeting due to other professional commitments.
CEO Mitch Fadel entered letter agreement on April 3, 2024; equity awards continue vesting if termination without cause and employed through March 31, 2025.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Jen You

Director

UPBD · UPBOUND GROUP, INC.

Filed: April 5, 2024, 7:59 PM ET

current director Ms. Jen You notified Upbound on April 1, 2024 that she will not stand for re-election to the Board at the end of her current term at the Company’s 2024 annual meeting of stockholders due to other professional commitments.

Appointed

Molly Langenstein

Director

UPBD · UPBOUND GROUP, INC.

Effective: 2024-04-01
Filed: April 5, 2024, 7:59 PM ET

Ms. Molly Langenstein has been appointed to the Upbound Board of Directors (the “Board”) as a new independent director.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jen You departed as Director at UPBOUND GROUP, INC..

Action: will not stand for re-election
Role: Director

Exact text from the filing

current director Ms. Jen You notified Upbound on April 1, 2024 that she will not stand for re-election to the Board at the end of her current term at the Company’s 2024 annual meeting of stockholders due to other professional commitments.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Molly Langenstein was appointed as Director at UPBOUND GROUP, INC..

Action: appointed
Role: Director

Exact text from the filing

Ms. Molly Langenstein has been appointed to the Upbound Board of Directors (the “Board”) as a new independent director.

View on SEC.gov

UPBOUND GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-043915

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