---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-074763"
form_type: "8-K"
ticker: "PRAA"
cik: "0001185348"
company_name: "PRA GROUP INC"
filed_at: "2025-04-07T23:59:59+00:00"
generated_at: "2026-05-23T19:27:01.105012+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# PRA Group CEO Vikram Atal to retire; Martin Sjolund named successor effective June 17, 2025

## Summary
- Atal to retire as President and CEO and from Board on June 17, 2025, then serve as Senior Advisor through Dec 31, 2025.
- Martin Sjolund, currently President of PRA Group Europe, appointed CEO effective same date; will join Board.
- Sjolund has led European business since 2018, with expanded responsibility for Canada and Australia in 2023.
- Chairman Fredrickson cited ongoing succession planning; Sjolund highlighted record portfolio purchases and double-digit cash growth.
- Atal's retirement not due to any disagreement; he will receive separation benefits per existing employment agreement.

## SEC filing metadata
- accession: 0001193125-25-074763
- form_type: 8-K
- ticker: PRAA
- cik: 0001185348
- company_name: PRA GROUP INC
- filed_at: 2025-04-07T23:59:59+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/1185348/000119312525074763/0001193125-25-074763-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1185348/000119312525074763/d820903d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-074763
- JSON: https://secwatch.observer/filing/0001193125-25-074763.json
- Plain text: https://secwatch.observer/filing/0001193125-25-074763.txt

## Key facts
- Executive change
  Martin Sjolund was appointed as President and Chief Executive Officer at PRA GROUP INC.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On April 2, 2025, the Board appointed Martin Sjolund to succeed Mr. Atal as the Company’s President and Chief Executive Officer, effective on June 17, 2025, immediately following the 2025 Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1185348/000119312525074763/0001193125-25-074763-index.htm
- Executive change
  Glenn P. Marino departed as Director at PRA GROUP INC.
  - Action: retire
  - Role: Director
  source text: In addition, on April 2, 2025, Glenn P. Marino notified the Company of his decision to retire from the Board immediately following the 2025 Annual Meeting.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1185348/000119312525074763/0001193125-25-074763-index.htm
- Executive change
  Vikram A. Atal departed as President and Chief Executive Officer at PRA GROUP INC.
  - Action: retire
  - Role: President and Chief Executive Officer
  source text: On April 2, 2025, Vikram A. Atal, President and Chief Executive Officer of PRA Group, Inc. (the “Company”), notified the Company’s Board of Directors (the “Board”) of his decision to retire as President and Chief Executive Officer and as a member of the Board, effective on June 17, 2025, immediately following the Company’s 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1185348/000119312525074763/0001193125-25-074763-index.htm

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