Role change
Ray M. Robinson
Lead Independent Director
PRG ·
PROG Holdings, Inc.
Mr. Michaels succeeds Ray M. Robinson, who has been appointed Lead Independent Director.
Ready 8-Ks
24
Latest filing
May 7, 2026, 7:59 PM ET
Top materiality
0.80
Event mix
earnings ×8 · dividend ×8 · m_and_a ×3
Sentiment
12 pos · 1 neg · 11 neu
Latest earnings
reported 2026-Q1
Executive change
recent →
Recent 8-K filings for PRG
Highest-materiality recent filing
PROG Holdings Q1 revenue $742.7M (+11.1%), Non-GAAP EPS $1.24 (+37.8%); raises FY outlook
- Consolidated revenues $742.7M (+11.1% YoY); Adjusted EBITDA $90.3M (+29.2%).
- Non-GAAP diluted EPS $1.24 (+37.8%); net earnings $36.2M vs $34.6M year ago.
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PROG Holdings CEO Steve Michaels appointed Chairman; receives $5M RSU grant; declares $0.14 dividend
Steven A. Michaels named Chairman of the Board, effective May 7, 2026; Ray M. Robinson becomes Lead Independent Director.
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PROG Holdings Q1 revenue $742.7M (+11.1%), Non-GAAP EPS $1.24 (+37.8%); raises FY outlook
Consolidated revenues $742.7M (+11.1% YoY); Adjusted EBITDA $90.3M (+29.2%).
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Prog Holdings amends 8-K to file Purchasing Power FY2024 audited financials; net loss $15.2M
Purchasing Power (P-Squared) FY2024 revenue $543.9M, net loss $15.2M.
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PROG Holdings cuts FY2026 revenue outlook by ~$70M due to ASC 606 adoption for Purchasing Power
Total revenue guidance revised to $2.95B-$3.07B from $3.02B-$3.14B; Purchasing Power cut to $610M-$660M from $680M-$730M.
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PROG Holdings Q4 revenue $574.6M (-5.2% YoY); Non-GAAP EPS $0.74; FY2026 guidance issued
Q4 consolidated revenues $574.6M, down 5.2% YoY; net earnings from continuing ops $19.9M vs $58.3M (prior year included $27.8M deferred tax benefit).
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PROG Holdings closes $420M cash acquisition of Purchasing Power; $125M term loan added
Acquired Purchasing Power for $420M cash, funded via $125M incremental term loan, $135M revolver borrowings, and cash on hand.
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PROG Holdings acquires Purchasing Power for $420M; expands into employee benefit payments
Acquisition of Purchasing Power for $420M in cash; funded from cash on hand and debt financing.
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PROG Holdings sells $165M Vive credit card portfolio to Atlanticus; Q3 revenue $595.1M
Sold ~$165M in credit card/loan receivables to Atlanticus subsidiary for ~$150M cash; 3-year non-compete.
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PROG Holdings Q2 rev $604.7M (+2.1%), EPS $0.95/$1.02; raises FY low-end guidance
Consolidated net earnings $38.5M vs $33.8M YoY; adjusted EBITDA $73.5M (12.2% margin).
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Q1 revenue $684.1M (+6.6% YoY); net earnings $34.7M vs $22.0M; non-GAAP EPS $0.90 vs $0.91.
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Q4 consolidated net earnings $57.5M vs $18.6M; GAAP diluted EPS $1.34 includes $27.6M deferred tax benefit.
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PROG Holdings Q3 revenue $606.1M, EPS $1.94; raises full-year outlook
Consolidated revenue $606.1M (+4% YoY); net earnings $84.0M vs $35.0M.
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PROG beats Q2 expectations, raises FY2024 revenue and EPS guidance; GMV up 7.9% YoY
Q2 revenue $592.2M (flat YoY); diluted EPS $0.77 vs $0.79; non-GAAP EPS $0.92 in line.
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PROG Holdings Q1 2024: revenue $641.9M, adj EBITDA $72.6M, non-GAAP EPS $0.91; raises FY outlook
Consolidated revenue $641.9M (-2% YoY), adjusted EBITDA $72.6M (-19.1% YoY), diluted EPS $0.49; non-GAAP EPS $0.91.
Executive changes
Role change
Steven A. Michaels
Chairman of the Board
PRG ·
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.
Appointed
Robert Julian
Director
PRG ·
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.
Appointed
Daniela Mielke
Director
PRG ·
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.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.65 · Most common event earnings