Encore Capital Group Inc 8-K, filed Mar 28, 2023
Encore Capital Group Inc (ECPG)
8-K
2023-03-28
For: 2023-03-28
View Original
Added on
April 08, 2026
About this 8-K
Encore Capital Group Inc filed this 8-K on March 28, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported)
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(877 ) 445-4581
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 28, 2023, in connection with changes made in Encore Capital Group, Inc.’s (the “Company”) management structure in order to align the Company’s international businesses under one leader, the Company notified Mr. Craig Buick, Chief Executive Officer of the Company’s Cabot business unit, that his employment would terminate on March 28, 2024 (the “Termination Date”). A 12-month notice is required under Mr. Buick’s Executive Service Agreement dated November 25, 2019 (the “Executive Service Agreement”) and it is intended that Mr. Buick would remain as a senior employee of the Company until May 8, 2023 and then assist with the transition of his duties and subsequently commence a garden leave period until his Termination Date. Subject to the execution and delivery of a Confirmatory Settlement Agreement, which includes a release of claims, Mr. Buick is entitled to receive the separation benefits and payments set forth under the Executive Service Agreement and the Letter Agreement dated November 1, 2022 between the Company and Mr. Buick, subject to the conditions therein.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ENCORE CAPITAL GROUP, INC. | ||||||||
Date: | March 28, 2023 | /s/ Andrew Asch | ||||||
Andrew Asch | ||||||||
Senior Vice President, General Counsel | ||||||||