secwatch.observer — SEC 8-K summary
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Issuer:     PRA GROUP INC (PRAA)
CIK:        0001185348
Form:       8-K
Filed at:   2023-08-24T23:59:59+00:00
Accession:  0001193125-23-220250
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PRA Group CFO Peter Graham resigns; Rakesh Sehgal appointed successor
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1185348/000119312523220250/0001193125-23-220250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1185348/000119312523220250/d527217d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-220250

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