0001587987-23-000156.txt : 20230707 0001587987-23-000156.hdr.sgml : 20230707 20230707161429 ACCESSION NUMBER: 0001587987-23-000156 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20230707 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20230707 DATE AS OF CHANGE: 20230707 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NewtekOne, Inc. CENTRAL INDEX KEY: 0001587987 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 463755188 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36742 FILM NUMBER: 231076927 BUSINESS ADDRESS: STREET 1: 4800 T REX AVENUE STREET 2: SUITE 120 CITY: BOCA RATON STATE: FL ZIP: 33431 BUSINESS PHONE: 212-356-9500 MAIL ADDRESS: STREET 1: 4800 T REX AVENUE STREET 2: SUITE 120 CITY: BOCA RATON STATE: FL ZIP: 33431 FORMER COMPANY: FORMER CONFORMED NAME: Newtek Business Services Corp. DATE OF NAME CHANGE: 20130930 8-K 1 newt-20230707.htm 8-K newt-20230707
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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
July 7, 2023
Date of Report (date of Earliest Event Reported)
NEWTEKONE, INC.
(Exact Name of Company as Specified in its Charter)
Maryland
814-01035
46-3755188
(State or Other Jurisdiction of Incorporation or Organization)(Commission File No.)(I.R.S. Employer Identification No.)

4800 T Rex Avenue, Suite 120, Boca Raton, Florida 33431
(Address of principal executive offices and zip code)

(212356-9500
(Company’s telephone number, including area code)

(Former name or former address, if changed from last report)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.02 per shareNEWTNasdaq Global Market LLC
5.75% Notes due 2024NEWTLNasdaq Global Market LLC
5.50% Notes due 2026NEWTZNasdaq Global Market LLC

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 (see General Instruction A.2. below):
¨    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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company     o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o





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

On May 16, 2023, NewtekOne, Inc. (the “Company”) and its subsidiary Newtek Bank, N.A. (the “Bank”) appointed M. Scott Price as the Company’s and the Bank’s Chief Financial Officer and entered into an employment agreement with Mr. Price effective as of May 16, 2023 (the “Employment Agreement”). On July 7, 2023, the Company, the Bank and Mr. Price entered into an amendment to the Employment Agreement which changed Mr. Price's annual base compensation to $433,000 effective as of July 1, 2023. All other terms and terms and conditions of the Employment Agreement remain unchanged. The foregoing description of the terms of the amendment to the Employment Agreement is qualified in its entirety by the terms of the Employment Agreement and the amendment thereto, which will be filed as exhibits to the Company’s next Quarterly Report on Form 10-Q.





SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NEWTEKONE, INC.
Date: July 7, 2023By:
/S/    BARRY SLOANE        
Barry Sloane
Chief Executive Officer, President and Chairman of the Board


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Entity Registrant Name NEWTEKONE, INC.
Entity Incorporation, State or Country Code MD
Securities Act File Number 814-01035
Entity Tax Identification Number 46-3755188
Entity Address, Address Line One 4800 T Rex Avenue
Entity Address, Address Line Two Suite 120
Entity Address, City or Town Boca Raton
Entity Address, State or Province FL
Entity Address, Postal Zip Code 33431
City Area Code 212
Local Phone Number 356-9500
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Common Stock, par value $0.02 per share  
Document Information [Line Items]  
Title of 12(b) Security Common Stock, par value $0.02 per share
Trading Symbol NEWT
Security Exchange Name NASDAQ
5.75% Notes due 2024  
Document Information [Line Items]  
Title of 12(b) Security 5.75% Notes due 2024
Trading Symbol NEWTL
Security Exchange Name NASDAQ
5.50% Notes due 2026  
Document Information [Line Items]  
Title of 12(b) Security 5.50% Notes due 2026
Trading Symbol NEWTZ
Security Exchange Name NASDAQ
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