Open Lending enters consulting agreement with former President/COO Ross Jessup at $50K/month for 6 months

Open Lending Corp

Ross Jessup retired as President/COO on Oct 5, 2022; consulting agreement effective Oct 17, 2022.
Consulting fee of $50,000/month for advisory services; term six months with possible 30-day extension.
Either party may terminate with 10 days' written notice; Jessup is independent contractor, not employee.
No other changes in executive leadership or compensation arrangements reported.

item 5.02

Executive movements

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Departed

Ross M. Jessup

President and Chief Operating Officer

LPRO · Open Lending Corp

Effective: 2022-10-05
Filed: October 18, 2022, 7:59 PM ET

the Consultant announced his retirement as President and Chief Operating Officer of the Company on October 5, 2022

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ross M. Jessup retired as President and Chief Operating Officer at Open Lending Corp.

Action: retired
Role: President and Chief Operating Officer

Exact text from the filing

the Consultant announced his retirement as President and Chief Operating Officer of the Company on October 5, 2022

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Open Lending Corp filing history →

Source: SEC EDGAR

accession 0001628280-22-026565

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