secwatch.observer — SEC 8-K summary
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Issuer:     NewtekOne, Inc. (NEWT)
CIK:        0001587987
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001587987-23-000116
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

NewtekOne appoints M. Scott Price as CFO; $400k base plus bonus and equity
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- M. Scott Price, 45, named CFO of NewtekOne and Newtek Bank, effective May 16, 2023.
- Prior role: EVP senior finance executive at First Horizon Corp; also CAO at IBERIABANK.
- Base salary $400,000; guaranteed prorated cash bonus of $133,333.33 for 2023.
- Eligible for $300,000 stock award under 2023 Stock Incentive Plan, subject to plan effectiveness.
- Employment agreement includes severance for termination without cause, good reason resignation, or change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587987/000158798723000116/0001587987-23-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587987/000158798723000116/newt-20230516.htm
  HTML page:      https://secwatch.observer/filing/0001587987-23-000116

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