secwatch.observer — SEC 8-K summary
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Issuer:     Oportun Financial Corp (OPRT)
CIK:        0001538716
Form:       8-K
Filed at:   2021-07-12T23:59:59+00:00
Accession:  0001538716-21-000137
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oportun redeems $275M Series 2018-C Notes; appoints two new independent directors
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- Redeemed Series 2018-C Notes for $275.0M on July 8, 2021; funded via secured facility, 2021-B securitization, and cash.
- Appointed Ginny Lee and Sandra Smith as independent directors, expanding board to nine, effective Sept 1, 2021.
- Ms. Lee was President/COO of Khan Academy; Ms. Smith former CFO of Segment (acquired by Twilio).
- Each new director receives prorated $125K RSU award; annual cash compensation of $40K plus committee fees.
- Board now includes 6 of 9 members identifying as women or persons of color.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538716/000153871621000137/0001538716-21-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538716/000153871621000137/oprt-20210708.htm
  HTML page:      https://secwatch.observer/filing/0001538716-21-000137

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