---
schema_version: "secwatch.filing_event.v1"
accession: "0001587987-21-000101"
form_type: "8-K"
ticker: "NEWT"
cik: "0001587987"
company_name: "NewtekOne, Inc."
filed_at: "2021-08-02T23:59:59+00:00"
generated_at: "2026-06-29T23:56:17.079648+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001587987-21-000101
- form_type: 8-K
- ticker: NEWT
- cik: 0001587987
- company_name: NewtekOne, Inc.
- filed_at: 2021-08-02T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1587987/000158798721000101/0001587987-21-000101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1587987/000158798721000101/chiefriskofficer8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001587987-21-000101
- JSON: https://secwatch.observer/filing/0001587987-21-000101.json
- Plain text: https://secwatch.observer/filing/0001587987-21-000101.txt

## Key facts
- Executive change
  Nicolas Young was appointed as Chief Risk Officer at NewtekOne, Inc..
  - Action: appointed
  - Role: Chief Risk Officer
  source text: On August 2, 2021, Newtek appointed Nicolas Young, age 49, as the Company’s Chief Risk Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1587987/000158798721000101/0001587987-21-000101-index.htm

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