{"schema_version":"secwatch.filing_event.v1","accession":"0001808834-26-000071","form_type":"8-K","ticker":"PRG","cik":"0001808834","company_name":"PROG Holdings, Inc.","filed_at":"2026-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.956507+00:00","generated_at":"2026-05-14T21:58:39.672326+00:00","sec_items":["5.02","5.07","8.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PROG Holdings CEO Steve Michaels appointed Chairman; receives $5M RSU grant; declares $0.14 dividend","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001808834-26-000071","json":"https://secwatch.observer/filing/0001808834-26-000071.json","markdown":"https://secwatch.observer/filing/0001808834-26-000071.md","text":"https://secwatch.observer/filing/0001808834-26-000071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1808834/000180883426000071/0001808834-26-000071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1808834/000180883426000071/prg-20260506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T21:58:39.672326+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"102710e600","claim":"Ray M. Robinson was appointed as Lead Independent Director at PROG Holdings, Inc..","evidence_excerpt":"Mr. Michaels succeeds Ray M. Robinson, who has been appointed Lead Independent Director.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1808834/000180883426000071/0001808834-26-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Lead Independent Director"}],"fact_type":"executive_change"},{"claim_id":"1bc2cbb749","claim":"Steven A. Michaels was elected as Chairman of the Board at PROG Holdings, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1808834/000180883426000071/0001808834-26-000071-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"elected"},{"label":"Role","value":"Chairman of the Board"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}