NewtekOne renews executive employment deals, adds one-year base pay non-renewal payment terms

Reuters

Apr 04

NewtekOne renews executive employment deals, adds one-year base pay non-renewal payment terms

NewtekOne renewed one-year employment agreements for CEO Barry Sloane, Chief Legal Officer Michael Schwartz, CFO Frank DeMaria on April 1, 2026.
Newtek Bank renewed one-year employment agreement for President Peter Downs effective April 1, 2026.
Renewed agreements for Downs, Schwartz, DeMaria add non-renewal payment set at one year of base compensation.
Sloane agreement terms remain unchanged from employment agreement filed with quarterly report for period ended March 31, 2025.
Change in control agreements remain unchanged from form filed with annual report for fiscal year ended Dec. 31, 2024.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NewtekOne Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-023604), on April 03, 2026, and is solely responsible for the information contained therein.

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