secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001806201-24-000128
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Open Lending appoints Chuck Jehl permanent CEO; interim CFO search underway
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- Charles D. Jehl appointed permanent CEO and Board member effective Sept 11, 2024; previously interim CEO since March 2024.
- Jehl continues as interim CFO while Board conducts search for permanent CFO and COO successors.
- New employment agreement: base salary $500k, cash bonus target 100% of base, LTIP target $2.5M (60% PSUs, 40% RSUs).
- Jehl was instrumental in taking company public in 2020; prior 14-year tenure at Forestar Group as CFO and CAO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000180620124000128/0001806201-24-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000180620124000128/lpro-20240911.htm
  HTML page:      https://secwatch.observer/filing/0001806201-24-000128

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