secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001193125-24-075974
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000119312524075974/0001193125-24-075974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000119312524075974/d802928d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-075974

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