secwatch.observer — SEC 8-K summary
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Issuer:     Open Lending Corp (LPRO)
CIK:        0001806201
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001806201-25-000076
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Open Lending appoints Massimo Monaco as CFO, effective Aug 18, 2025
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- Massimo Monaco, former CFO of Arc Home LLC, appointed CFO effective August 18, 2025.
- Employment agreement includes $400k base salary, 100% target bonus, $300k sign-on bonus.
- RSU grant of $600k vesting over 4 years; 2026 long-term incentive target of 150% of salary.
- Severance: 12 months salary + COBRA for good reason or without cause; change-in-control provides lump sum 1x salary+bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806201/000180620125000076/0001806201-25-000076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806201/000180620125000076/lpro-20250721.htm
  HTML page:      https://secwatch.observer/filing/0001806201-25-000076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer