Newtek appoints Nicolas Young as Chief Risk Officer with $500K salary and $600K equity award

NewtekOne, Inc.

Appointment effective August 2, 2021; Young previously EVP & Chief Credit Officer at IBERIABANK.
Base salary of $500,000 with eligibility for annual cash bonus under Company's plan.
Restricted stock award of $600,000, vesting one-third each in August 2022, 2023, 2024.
Severance payable upon termination without cause, resignation for good reason, or change of control.
Over 20 years of credit and risk management experience; expected to be named executive officer.

item 1.01 item 5.02

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Appointed

Nicolas Young

Chief Risk Officer

NEWT · NewtekOne, Inc.

Effective: 2021-08-02
Filed: August 2, 2021, 7:59 PM ET

On August 2, 2021, Newtek appointed Nicolas Young, age 49, as the Company’s Chief Risk Officer.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Nicolas Young was appointed as Chief Risk Officer at NewtekOne, Inc..

Action: appointed
Role: Chief Risk Officer

Exact text from the filing

On August 2, 2021, Newtek appointed Nicolas Young, age 49, as the Company’s Chief Risk Officer.

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NewtekOne, Inc. filing history →

Source: SEC EDGAR

accession 0001587987-21-000101

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