SelectQuote closes $350M preferred stock and warrant investment from Morgan Stanley and Bain Capital

SelectQuote, Inc.

Morgan Stanley and Bain each invested $175M for 175,000 preferred shares and warrants in three tranches on Feb 28, 2025.
Preferred stock carries 14.5% dividend (adjustable down to 13.5% or up to 20% on default); non-convertible, senior to common.
Warrants exercisable for 10 years: Tranche A at $0.01, Tranche B at VWAP (floor $2.15/cap $4.00), Tranche C at $5.50 per share.
Board expanded to nine members; Srdjan Vukovic (Newlight) and Christopher Wolfe (Bain Capital) appointed as Class II and I directors.

item 1.01 item 3.02 item 5.03 item 3.03 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Srdjan Vukovic

Class II Director

SLQT · SelectQuote, Inc.

Effective: 2025-02-28
Filed: February 28, 2025, 6:59 PM ET

Srdjan Vukovic was appointed as a Class II Director

Appointed

Christopher Wolfe

Class I Director

SLQT · SelectQuote, Inc.

Effective: 2025-02-28
Filed: February 28, 2025, 6:59 PM ET

Christopher Wolfe was appointed as a Class I Director

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Srdjan Vukovic was appointed as Class II Director at SelectQuote, Inc..

Action: appointed
Role: Class II Director

Exact text from the filing

Srdjan Vukovic was appointed as a Class II Director

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Wolfe was appointed as Class I Director at SelectQuote, Inc..

Action: appointed
Role: Class I Director

Exact text from the filing

Christopher Wolfe was appointed as a Class I Director

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SelectQuote, Inc.: Amended Sixth Amended and Restated Certificate of Incorporation to establish terms of Preferred Stock via Certificate of Designations (effective 2025-02-28).

Change: charter amendment
Effective: 2025-02-28

Exact text from the filing

On February 28, 2025, the Company filed with the Secretary of State of the State of Delaware a Certificate of Designations (the “ Certificate of Designations ”) for the purposes of amending its Sixth Amended and Restated Certificate of Incorporation to establish the terms of the Preferred Stock.

View on SEC.gov

13 governance changes filed in the last 30 days. Browse all governance changes →

SelectQuote, Inc. filing history →

Source: SEC EDGAR

accession 0001794783-25-000014

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