CEO Keith Jezek resigns; CFO Chuck Jehl named interim CEO; Q1 guidance reaffirmed

Open Lending Corp

Keith Jezek resigned as CEO and board member effective March 22, 2024; will advise during transition.
CFO Charles D. Jehl appointed interim CEO and COO, retaining CFO role; board begins search for permanent CEO.
Jehl's compensation: base salary $500K, STI target 100%, LTI target $2M, one-time RSU grant $2M vesting over 4 years, cash transition bonus $500K.
Company reiterates Q1 2024 certified loan guidance; full Q1 results expected in May 2024.

item 5.02 item 9.01

Executive movements

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Appointed (interim)

Charles D. Jehl

Interim Chief Executive Officer and Chief Operating Officer

LPRO · Open Lending Corp

Effective: 2024-03-22
Filed: March 25, 2024, 7:59 PM ET

The Board has appointed Charles D. Jehl to serve as the Interim Chief Executive Officer of the Company and the Chief Operating Officer of the Company, in addition to serving as Chief Financial Officer and Treasurer of the Company, effective as of March 22, 2024.

Departed (interim)

Keith A. Jezek

Chief Executive Officer

LPRO · Open Lending Corp

Effective: 2024-03-22
Successor: Charles D. Jehl
Filed: March 25, 2024, 7:59 PM ET

On March 22, 2024, Keith A. Jezek, the Chief Executive Officer of Open Lending Corporation (the “Company”), terminated employment with the Company and resigned from the Board of Directors of the Company (the “Board”), effective as of March 22, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles D. Jehl was appointed as Interim Chief Executive Officer and Chief Operating Officer at Open Lending Corp.

Action: appointed
Role: Interim Chief Executive Officer and Chief Operating Officer

Exact text from the filing

The Board has appointed Charles D. Jehl to serve as the Interim Chief Executive Officer of the Company and the Chief Operating Officer of the Company, in addition to serving as Chief Financial Officer and Treasurer of the Company, effective as of March 22, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Keith A. Jezek resigned as Chief Executive Officer at Open Lending Corp.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On March 22, 2024, Keith A. Jezek, the Chief Executive Officer of Open Lending Corporation (the “Company”), terminated employment with the Company and resigned from the Board of Directors of the Company (the “Board”), effective as of March 22, 2024.

View on SEC.gov

Open Lending Corp filing history →

Source: SEC EDGAR

accession 0001193125-24-075974

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