8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 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): February 15, 2017

PRA Group, Inc.

__________________________________________

(Exact name of registrant as specified in its charter)

Delaware	000-50058	75-3078675
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
120 Corporate Boulevard, Norfolk, Virginia		23502
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: 888-772-7326

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b)    On February 15, 2017, James M. Voss notified PRA Group, Inc. (the “Company”) that he would not stand for re-election at the Company’s 2017 Annual Meeting of Stockholders (“2017 Annual Meeting”). Mr. Voss’ decision to not stand for re-election was not due to any disagreement with the Company. Mr. Voss, who has been a director of the Company since 2002, will continue to serve until the expiration of his term at the 2017 Annual Meeting to be held on June 1, 2017. The Company appreciates Mr. Voss’ service on the Company’s Board of Directors, including his current service as a member of the Audit and Compensation Committees.

On February 20, 2017, the Company issued a press release regarding Mr. Voss’ decision not to stand for re-election. A copy of the Company’s press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d)    Exhibits

Exhibit 99.1    Press release dated February 20, 2017

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 21, 2017	By:	/s/ Peter M. Graham
		Peter M. Graham
		Executive Vice President and Chief Financial Officer

Exhibit Index

Exhibit No.	Description
99.1	Press release dated February 20, 2017

EX-99.1

Exhibit 99.1

PRA Group Announces the Retirement of Jim Voss from the Board of Directors

NORFOLK, Va., February 20, 2017 - PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the retirement of long-time Director Jim Voss from the Company’s Board of Directors. Mr. Voss has notified the Board that he will not stand for re-election at this year’s annual meeting. During his tenure, Mr. Voss served as the Chair of the Audit Committee from 2003 to 2013 and a member of the Compensation Committee from 2008 to 2011 and the Nominating and Corporate Governance Committee from 2003 to 2010. He is currently a member of the Audit and Compensation Committees, roles that he has held since 2003 and 2014 respectively. Mr. Voss was first elected to the Board in 2002.

“Jim has been with us since we listed on the Nasdaq Stock Market and has provided thoughtful guidance and leadership to PRA throughout the years,” said Steve Fredrickson, chairman and chief executive officer of PRA. “His extensive background in banking and previous experience as chief financial officer of a publicly traded company gave us insight and support when the Company needed it most. His counsel to both management and the Board was instrumental in the growth and success of PRA over the years. We are extremely grateful for Jim’s service and wish him the best.”

Mr. Voss added, “I have enjoyed my long tenure on the PRA Board and am very proud to have been a part of such a wonderful group of people who have worked hard to make PRA the global leader it is today. I will miss the collegiality of the management team and Board, but look forward to watching the exciting future of PRA Group unfold.”

About PRA Group

As a global leader in acquiring and collecting nonperforming loans, PRA Group (Nasdaq: PRAA) returns capital to banks and other creditors to help expand financial services for consumers in the Americas and Europe. With over 4,000 employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt and provide a broad range of additional revenue and recovery services to businesses. For more information, please visit www.pragroup.com.

Investor Contact:

Darby Schoenfeld

Director of Investor Relations

(757) 431-7913

DCSchoenfeld@PRAGroup.com

News Media Contact:

Nancy Porter

Vice President, Corporate Communications

(757) 431-7950

NAPorter@PRAGroup.com