Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
RM > SEC Filings for RM > Form 8-K on 14-Mar-2014All Recent SEC Filings

Show all filings for REGIONAL MANAGEMENT CORP.

Form 8-K for REGIONAL MANAGEMENT CORP.


14-Mar-2014

Change in Directors or Principal Officers


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

(e) On March 10, 2014, the Compensation Committee (the "Committee") of the Board of Directors of Regional Management Corp. (the "Company") approved the payment of incentive compensation to certain executive officers of the Company pursuant to the Company's Annual Incentive Plan based upon performance in 2013 (which incentive compensation was determined in accordance with pre-established performance-based criteria previously disclosed) and also awarded discretionary bonuses to certain executive officers of the Company.

The Committee awarded the discretionary bonuses based on the Committee's qualitative assessment of each executive officer's performance during 2013 and the executive officers' leadership during 2013 with respect to the creation of stockholder value, the opening of 41 de novo branches, the increase in the average loans per branch, the increase in portfolio yield, support with respect to the exit of the Company's prior private equity sponsors through two secondary public offerings, implementation of compliance with the Sarbanes-Oxley Act of 2002, and expansion of the Company's credit facility. The Committee awarded Mr. Thomas F. Fortin, the Company's Chief Executive Officer, a discretionary bonus of $63,258; Mr. Donald E. Thomas, the Company's Executive Vice President and Chief Financial Officer, a discretionary bonus of $35,677; Mr. C. Glynn Quattlebaum, the Company's President and Chief Operating Officer, a discretionary bonus of $62,063; Ms. A. Michelle Masters, the Company's Senior Vice President of Strategic Operations and Initiatives and Assistant Secretary, a discretionary bonus of $11,042; and Mr. Brian J. Fisher, the Company's Vice President, General Counsel, and Secretary, a discretionary bonus of $11,425.


  Add RM to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for RM - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.