secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2024-12-18T23:59:59+00:00
Accession:  0001185348-24-000056
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PRA Group elects Adrian M. Butler as independent director; approves severance for CFO and GC/CHRO
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- Adrian M. Butler elected independent director effective Jan 1, 2025; will serve on Risk Committee.
- CFO Rakesh Sehgal and GC/CHRO LaTisha O. Tarrant added to Executive Severance Plan.
- Severance: 1x salary + 1x bonus (1.5x in change of control) plus 12-18 months COBRA.
- CEO, Europe President, and Global Investments Officer remain under prior employment agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000118534824000056/0001185348-24-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000118534824000056/praa-20241212.htm
  HTML page:      https://secwatch.observer/filing/0001185348-24-000056

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