{"schema_version":"secwatch.filing_event.v1","accession":"0001587987-25-000069","form_type":"8-K","ticker":"NEWT","cik":"0001587987","company_name":"NewtekOne, Inc.","filed_at":"2025-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.908060+00:00","generated_at":"2026-05-23T08:07:12.154567+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"NewtekOne appoints new Bank President and Company CFO; President of Bank resigns","bullets":["Nicolas Young resigns as President/COO of Newtek Bank effective May 16; Peter Downs appointed as President effective April 22.","Downs, previously Chief Lending Officer and board member, gets $750k base salary under employment agreement.","Frank DeMaria named CFO of NewtekOne (was Chief Accounting Officer); base salary $433k; M. Scott Price remains CFO of Bank.","Michael Schwartz's employment as Chief Legal Officer renewed for one year; base compensation $625k unchanged.","All executives have change-in-control agreements providing severance of 1.15x base plus prior year bonus."],"urls":{"canonical":"https://secwatch.observer/filing/0001587987-25-000069","json":"https://secwatch.observer/filing/0001587987-25-000069.json","markdown":"https://secwatch.observer/filing/0001587987-25-000069.md","text":"https://secwatch.observer/filing/0001587987-25-000069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1587987/000158798725000069/0001587987-25-000069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1587987/000158798725000069/newt-20250423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T08:07:12.154567+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a550497f31","claim":"Peter Downs was appointed as President of Newtek Bank, N.A. at NewtekOne, Inc..","evidence_excerpt":"The Bank has appointed Peter Downs (60), the Company’s and Bank’s Chief Lending Officer, as President of the Bank, effective April 22, 2025;","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1587987/000158798725000069/0001587987-25-000069-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President of Newtek Bank, N.A."}]},{"claim_id":"bb2b2daca9","claim":"Nicolas Young resigned as President and Chief Operating Officer of Newtek Bank, N.A. at NewtekOne, Inc..","evidence_excerpt":"On April 21, 2025, Nicolas Young provided notice of his resignation as President and Chief Operating Officer of the Company’s subsidiary Newtek Bank, N.A. (the “Bank”), effective May 16, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1587987/000158798725000069/0001587987-25-000069-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"President and Chief Operating Officer of Newtek Bank, N.A."}]},{"claim_id":"e9dae1c2b4","claim":"Frank DeMaria was named as Chief Financial Officer of the Company at NewtekOne, Inc..","evidence_excerpt":"Also, effective April 22, 2025, the Company has named Frank DeMaria (36) as Chief Financial Officer of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1587987/000158798725000069/0001587987-25-000069-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"named"},{"label":"Role","value":"Chief Financial Officer of the Company"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}