PROG Holdings CEO Steve Michaels appointed Chairman; receives $5M RSU grant; declares $0.14 dividend

PROG Holdings, Inc.

Steven A. Michaels named Chairman of the Board, effective May 7, 2026; Ray M. Robinson becomes Lead Independent Director.
Board grants Michaels $5M in RSUs vesting over 3rd-5th anniversaries; aligns with long-term shareholder value.
All 10 director nominees elected at May 6 annual meeting; say-on-pay, auditor ratification, equity plan amendment approved.
Quarterly cash dividend of $0.14/share declared, payable June 2, 2026 to holders of record May 19, 2026.

item 5.02 item 5.07 item 8.01 item 9.01

Executive movements

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Role change

Ray M. Robinson

Lead Independent Director

PRG · PROG Holdings, Inc.

Effective: 2026-05-07
Filed: May 7, 2026, 7:59 PM ET

Mr. Michaels succeeds Ray M. Robinson, who has been appointed Lead Independent Director.

Role change

Steven A. Michaels

Chairman of the Board

PRG · PROG Holdings, Inc.

Effective: 2026-05-07
Filed: May 7, 2026, 7:59 PM ET

On May 7, 2026, PROG Holdings, Inc. (the "Company") announced that the Company's Board of Directors (the "Board") has elected Steven A. Michaels, the Company's President and Chief Executive Officer, to the additional position of Chairman of the Board, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Ray M. Robinson was appointed as Lead Independent Director at PROG Holdings, Inc..

Action: appointed
Role: Lead Independent Director

Exact text from the filing

Mr. Michaels succeeds Ray M. Robinson, who has been appointed Lead Independent Director.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven A. Michaels was elected as Chairman of the Board at PROG Holdings, Inc..

Action: elected
Role: Chairman of the Board

Exact text from the filing

On May 7, 2026, PROG Holdings, Inc. (the "Company") announced that the Company's Board of Directors (the "Board") has elected Steven A. Michaels, the Company's President and Chief Executive Officer, to the additional position of Chairman of the Board, effective immediately.

View on SEC.gov

PROG Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001808834-26-000071

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