secwatch.observer — SEC 8-K summary
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Issuer:     UPBOUND GROUP, INC. (UPBD)
CIK:        0000933036
Form:       8-K
Filed at:   2024-04-05T23:59:59+00:00
Accession:  0001104659-24-043915
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933036/000110465924043915/0001104659-24-043915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933036/000110465924043915/tm2410423d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-043915

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