Open Lending terminates CIO Thinh Nguyen without cause; severance of $145,382 plus COBRA

Open Lending Corp

Thinh Nguyen, CIO, terminated without cause effective May 2, 2024.
Severance includes gross payment of $145,382.40 plus $4,008.60 for six months COBRA.
Lump-sum payments due within 30 days; includes general release and cooperation clause.
No successor CIO announced in the filing.

item 5.02

Executive movements

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Departed

Thinh Nguyen

Chief Information Officer

LPRO · Open Lending Corp

Effective: 2024-05-02
Filed: May 8, 2024, 7:59 PM ET

On May 2, 2024, Open Lending Corporation (the “Company”) terminated the employment of Thinh Nguyen, Chief Information Officer of the Company, without cause, effective as of May 2, 2024

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Thinh Nguyen was terminated as Chief Information Officer at Open Lending Corp.

Action: terminated
Role: Chief Information Officer

Exact text from the filing

On May 2, 2024, Open Lending Corporation (the “Company”) terminated the employment of Thinh Nguyen, Chief Information Officer of the Company, without cause, effective as of May 2, 2024

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Open Lending Corp filing history →

Source: SEC EDGAR

accession 0001806201-24-000099

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