Oportun expands board to 11, appoints Roy Banks and Rick Welts as independent directors

Oportun Financial Corp

Appointments effective September 1, 2021; board grew from 9 to 11 members.
Roy Banks, CEO of Weave Communications, joins Credit Risk and Finance Committee.
Rick Welts, former Golden State Warriors President/COO, joins Compensation and Nominating committees.
Both receive standard director compensation: $125K prorated RSU and annual cash of $40K plus committee fees.
Board now includes 8 of 11 members from underrepresented groups.

item 5.02 item 9.01

Executive movements

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Appointed

Roy Banks

Director

OPRT · Oportun Financial Corp

Effective: 2021-09-01
Filed: September 1, 2021, 7:59 PM ET

appointed Mr. Roy Banks and Mr. Frederic (Rick) Welts to serve as members of the Board.

Appointed

Frederic (Rick) Welts

Director

OPRT · Oportun Financial Corp

Effective: 2021-09-01
Filed: September 1, 2021, 7:59 PM ET

appointed Mr. Roy Banks and Mr. Frederic (Rick) Welts to serve as members of the Board.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Roy Banks was appointed as Director at Oportun Financial Corp.

Action: appointed
Role: Director

Exact text from the filing

appointed Mr. Roy Banks and Mr. Frederic (Rick) Welts to serve as members of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Frederic (Rick) Welts was appointed as Director at Oportun Financial Corp.

Action: appointed
Role: Director

Exact text from the filing

appointed Mr. Roy Banks and Mr. Frederic (Rick) Welts to serve as members of the Board.

View on SEC.gov

Oportun Financial Corp filing history →

Source: SEC EDGAR

accession 0001538716-21-000174

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