---
schema_version: "secwatch.filing_event.v1"
accession: "0001794783-25-000014"
form_type: "8-K"
ticker: "SLQT"
cik: "0001794783"
company_name: "SelectQuote, Inc."
filed_at: "2025-02-28T23:59:59+00:00"
generated_at: "2026-05-25T23:51:46.520911+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001794783-25-000014
- form_type: 8-K
- ticker: SLQT
- cik: 0001794783
- company_name: SelectQuote, Inc.
- filed_at: 2025-02-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 3.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1794783/000179478325000014/0001794783-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1794783/000179478325000014/slqt-20250228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001794783-25-000014
- JSON: https://secwatch.observer/filing/0001794783-25-000014.json
- Plain text: https://secwatch.observer/filing/0001794783-25-000014.txt

## Key facts
- Executive change
  Srdjan Vukovic was appointed as Class II Director at SelectQuote, Inc..
  - Action: appointed
  - Role: Class II Director
  source text: Srdjan Vukovic was appointed as a Class II Director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1794783/000179478325000014/0001794783-25-000014-index.htm
- Executive change
  Christopher Wolfe was appointed as Class I Director at SelectQuote, Inc..
  - Action: appointed
  - Role: Class I Director
  source text: Christopher Wolfe was appointed as a Class I Director
  evidence_url: https://www.sec.gov/Archives/edgar/data/1794783/000179478325000014/0001794783-25-000014-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.