secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2021-08-02T23:59:59+00:00
Accession:  0001587987-21-000101
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798721000101/0001587987-21-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798721000101/chiefriskofficer8k.htm
  HTML page:      https://secwatch.observer/filing/0001587987-21-000101

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