secwatch.observer — SEC 8-K summary
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Issuer:     GREEN DOT CORP (GDOT)
CIK:        0001386278
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0001386278-25-000051
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Green Dot sets interim CEO Jacobs compensation through Jan 2026: RSUs, $1.75M bonus
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- Monthly salary of $50,000 and monthly service award up to $60,000 for interim CEO Jacobs through January 7, 2026.
- Granted 131,717 time-based RSUs vesting June 19, 2026; accelerated vesting on termination without cause or corporate transaction.
- Eligible for one-time discretionary bonus up to $1,750,000 (cash or stock) based on strategic plan execution and leadership transition.
- Committee to assess performance on factors including strategic alternatives progress, financial performance, and management.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1386278/000138627825000051/0001386278-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1386278/000138627825000051/gdot-20250619.htm
  HTML page:      https://secwatch.observer/filing/0001386278-25-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer