Pra Group Inc 8-K, filed Feb 24, 2021
Pra Group Inc (PRAA)
8-K
2021-02-24
For: 2021-02-18
View Original
Added on
April 07, 2026
About this 8-K
Pra Group Inc filed this 8-K on February 24, 2021, reporting on events of February 18, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
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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
(b) On February 18, 2021, Penelope W. Kyle notified PRA Group, Inc. (the “Company”) that she will not stand for re-election at the Company’s 2021 Annual Meeting of Stockholders (“2021 Annual Meeting”). Ms. Kyle’s decision to not stand for re-election was not due to any disagreement with the Company. Ms. Kyle, who has been a director of the Company since 2005, will continue to serve until the expiration of her term at the 2021 Annual Meeting of Stockholders.
On February 24, 2021, the Company issued a press release regarding Ms. Kyle’s decision to not stand for re-election. A copy of the Company’s press release is attached as Exhibit 99.1 and is incorporated by reference.
Item 9.01 Financial Statements and Exhibits
| (d) | Exhibits | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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.
| PRA Group, Inc. | ||||||||
| Date: February 24, 2021 | By: | /s/ Peter M. Graham | ||||||
| Peter M. Graham | ||||||||
| Executive Vice President and Chief Financial Officer | ||||||||
Exhibit 99.1
PRA Group Announces the Retirement of
Penelope W. Kyle from the Board of Directors
NORFOLK, Va., February 24, 2021 – PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that Penelope W. Kyle is retiring from the Company’s Board of Directors. Ms. Kyle, who was first appointed to the Board in 2005, recently provided notice that she will not stand for re-election at this year’s annual meeting of stockholders. Ms. Kyle has served as a member of the Nominating and Corporate Governance Committee since 2005 and its Chair from 2011 to 2019. She also served as a member of the Compensation Committee from 2005 to 2010 and has served as a member of the Compliance Committee since 2014.
“Penny’s extensive experience in leadership roles in law, business and government was invaluable as we became a global leader in the nonperforming loan industry,” said Steve Fredrickson, chairman of the PRA Group Board. “On behalf of everyone at the Company I want to thank Penny for her years of service and wish her all the best in the next chapter of her life.”
About PRA Group, Inc.
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas and Europe. With thousands of employees worldwide, PRA Group, Inc. companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.
Investor Contact:
Darby Schoenfeld, CPA
Vice President, Investor Relations
(757) 431-7913
Darby.Schoenfeld@PRAGroup.com
News Media Contact:
Elizabeth Kersey
Vice President, Communications and Public Policy
(757) 431-3398
Elizabeth.Kersey@PRAGroup.com