PROG Holdings, Inc. — fact timeline

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

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

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

“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.”

PROG Holdings, Inc. reported the first quarter ended March 31, 2026 results: revenue $742.7 million, net income $36.2 million, EPS $0.89. Guidance raised.

“any filing under the Securities Act of 1933. --- EX-99.1 (EX-99.1) --- PROG Holdings Reports First Quarter 2026 Results • Consolidated revenues from continuing operations of $742.7 million, up 11.1%; Net earnings from continuing operations of $36.2 million • Adjusted EBITDA from continuing operations of $90.3 million, up 29.2% • Diluted EPS from continuing”

PROG Holdings, Inc. amended Fourth Amendment with JPMorgan Chase Bank, N.A, as administrative agent valued at $125 million incremental term loan (effective 2026-01-02).

“On January 2, 2026, the Company entered into a fourth amendment (the "Fourth Amendment") to that certain credit agreement, dated November 24, 2020, by and among Progressive Finance Holdings, LLC, as borrower, the Company and certain subsidiaries of the Company, as guarantors, the several banks and other financial institutions from time to time party thereto and JPMorgan Chase Bank, N.A, as administrative agent (as amended, the "Credit Agreement").”

PROG Holdings, Inc. incurred term loan of $125 million incremental term loan with JPMorgan Chase Bank, N.A. at SOFR plus a margin within the range of 1.50% to 2.75% maturing November 15, 2029.

“The Fourth Amendment provides for, among other things, the incurrence by the Company of a $125 million incremental term loan (the "Term Loan"),”

PROG Holdings, Inc. completed an acquisition involving Purchasing Power Parent, LLC for approximately $420 million in cash (closed 2026-01-02).

“Current Report on Form 8-K is incorporated into this Item 2.01 by reference. The aggregate consideration paid by the Purchaser to the Seller at the closing was approximately $420 million in cash, subject to customary adjustments. In addition, the Acquired Entity has approximately $330 million of non-recourse funding debt under its securitization and warehouse”

Daniela Mielke was appointed as Director at PROG Holdings, Inc..

“Effective as of November 12, 2024, the Board of Directors (the "Board") of PROG Holdings, Inc. (the "Company"), upon the recommendation of the Nominating, Governance and Corporate Responsibility Committee, increased the size of the Board from nine directors to eleven directors and appointed Robert Julian and Daniela Mielke to fill the vacancies create by such increase.”

Robert Julian was appointed as Director at PROG Holdings, Inc..

“Effective as of November 12, 2024, the Board of Directors (the "Board") of PROG Holdings, Inc. (the "Company"), upon the recommendation of the Nominating, Governance and Corporate Responsibility Committee, increased the size of the Board from nine directors to eleven directors and appointed Robert Julian and Daniela Mielke to fill the vacancies create by such increase.”

PROG Holdings, Inc. shareholders approved Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2024 at the 2024-05-15 meeting.

“Proposal 3 – Ratification of the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for 2024 For Against Abstain Non-Votes 38,893,623 2,064,287 132,210 —”

PROG Holdings, Inc. shareholders approved Approval of a non-binding resolution to approve the Company's executive compensation at the 2024-05-15 meeting.

“Proposal 2 – Approval of a non-binding resolution to approve the Company’s executive compensation For Against Abstain Non-Votes 36,048,569 2,414,608 131,770 2,495,173”

PROG Holdings, Inc. shareholders approved Election of directors at the 2024-05-15 meeting.

“Proposal 1 – Election of directors For Against Abstain Non-Votes Kathy T. Betty 36,869,205 1,705,144 20,598 2,495,173”

PROG Holdings, Inc. reported the first quarter ended March 31, 2024 results: revenue $641.9 million, net income $22.0 million, EPS $0.49. Guidance raised.

“PROG Holdings Reports First Quarter 2024 Results • Consolidated revenues of $641.9 million; Earnings before taxes of $31.6 million • Adjusted EBITDA of $72.6 million • Diluted EPS of $0.49; Non-GAAP Diluted EPS of $0.91”