No immediate financial impact, but traders should monitor upcoming 10-Q for full compensation details and watch for any changes in leadership stability. The renewal of top executives provides continuity, though the added non-renewal payments increase potential exit costs.
Price Chart
Executive Summary
NewtekOne, Inc. renewed one-year employment agreements with its CEO Barry Sloane, CFO Frank DeMaria, Chief Legal Officer Michael Schwartz, and subsidiary bank President Peter Downs. Terms for Sloane remain unchanged, while the others include a non-renewal payment equal to one year of base compensation.
Key Facts
- Employment agreements renewed for CEO Barry Sloane, CFO Frank DeMaria, Chief Legal Officer Michael Schwartz, and Newtek Bank President Peter Downs
- Sloane's agreement terms remain unchanged from prior filing
- DeMaria, Schwartz, and Downs agreements include a non-renewal payment equal to one year of base compensation
- Full agreements to be filed in next 10-Q; change in control agreements remain unchanged
Financial Impact
Potential future liability of one year of base compensation for DeMaria, Schwartz, and Downs if not renewed
Risk Factors
- Increased severance liability if DeMaria, Schwartz, or Downs are not retained beyond next term
- Potential for future compensation adjustments not yet disclosed
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-023604 |
| Document: 0001628280-26-023604-index-headers.html | 0001628280-26-023604 |
| Document: 0001628280-26-023604-index.html | 0001628280-26-023604 |
| Document: 0001628280-26-023604.txt | 0001628280-26-023604 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Apr 6, 2026 29w ago | 8-K | $25.18 $25.40 | ▲ +0.89% | ▼ −12.38% | $24.77 (−1.59%) |
Apr 3, 2026 29w ago | 8-K | $25.03 $25.38 | ▲ +1.40% | ▼ −12.07% | $24.77 (−1.02%) |
US Market Status
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