---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-220250"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2023-08-24T23:59:59+00:00"
generated_at: "2026-06-11T03:54:16.147037+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PRA Group CFO Peter Graham resigns; Rakesh Sehgal appointed successor

## Summary
- Peter Graham resigns as EVP and CFO effective Sept 15, 2023, to join another public company.
- Board appoints Rakesh Sehgal as EVP and CFO, effective Sept 15, 2023, as part of succession plan.
- Sehgal, previously Head of Corporate Development, has 25+ years in financial services; was at GE/GE Capital.
- Sehgal's compensation: $500k base salary, $500k target bonus, $175k RSU award vesting over three years.
- Graham led modernizing financial ops, obtaining first credit rating, issuing over $1B in senior notes.

## SEC filing metadata
- accession: 0001193125-23-220250
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2023-08-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1185348/000119312523220250/0001193125-23-220250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000119312523220250/d527217d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-220250
- JSON: https://secwatch.observer/filing/0001193125-23-220250.json
- Plain text: https://secwatch.observer/filing/0001193125-23-220250.txt

## Key facts
- Executive change
  Peter M. Graham resigned as Executive Vice President and Chief Financial Officer at PRA GROUP INC.
  - Action: resigned
  - Role: Executive Vice President and Chief Financial Officer
  source text: On August 21, 2023, Peter M. Graham, Executive Vice President and Chief Financial Officer of PRA Group, Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) of his decision to resign from the Company, effective September 15, 2023, to pursue another employment opportunity.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1185348/000119312523220250/0001193125-23-220250-index.htm
- Executive change
  Rakesh Sehgal was appointed as Executive Vice President and Chief Financial Officer at PRA GROUP INC.
  - Action: appointed
  - Role: Executive Vice President and Chief Financial Officer
  source text: On August 23, 2023, the Board appointed Rakesh Sehgal to succeed Mr. Graham as the Company’s Executive Vice President and Chief Financial Officer, effective September 15, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1185348/000119312523220250/0001193125-23-220250-index.htm

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