---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-043915"
form_type: "8-K"
ticker: "UPBD"
cik: "0000933036"
company_name: "UPBOUND GROUP, INC."
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T02:06:05.705101+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-043915
- form_type: 8-K
- ticker: UPBD
- cik: 0000933036
- company_name: UPBOUND GROUP, INC.
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/933036/000110465924043915/0001104659-24-043915-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/933036/000110465924043915/tm2410423d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-043915
- JSON: https://secwatch.observer/filing/0001104659-24-043915.json
- Plain text: https://secwatch.observer/filing/0001104659-24-043915.txt

## Key facts
- Executive change
  Jen You departed as Director at UPBOUND GROUP, INC..
  - Action: will not stand for re-election
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/933036/000110465924043915/0001104659-24-043915-index.htm
- Executive change
  Molly Langenstein was appointed as Director at UPBOUND GROUP, INC..
  - Action: appointed
  - Role: Director
  source text: Ms. Molly Langenstein has been appointed to the Upbound Board of Directors (the “Board”) as a new independent director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/933036/000110465924043915/0001104659-24-043915-index.htm

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