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): August 4, 2015

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

______________________________________________

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

On August 7, 2015, PRA Group, Inc. (the “Company”) issued the press release furnished herewith as Exhibit 99.1, announcing the appointment of Vikram A. Atal to the Company’s Board of Directors to serve as an independent director, effective immediately.  Mr. Atal, age 59, in his 27 years with Citigroup, Inc. served as Executive Vice President and Vice Chairman, Global Cards  and also as Chairman and CEO of Citi Cards. Mr. Atal will stand for election at the Company’s 2016 annual meeting of shareholders.  Mr. Atal will participate in the Company’s standard outside director compensation program, as disclosed in the Company’s 2015 Proxy Statement. There are no family relationships between Mr. Atal and any of the Company’s directors or officers and there have been no transactions, or any currently proposed transactions in which the Company was or is to be a participant in which Mr. Atal had or will have a direct or indirect material interest which would be required to be reported herein.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit No.

99.1  Press Release Dated August 7, 2015.

SIGNATURES

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.
August 7, 2015	By:	/s/ Kevin P. Stevenson
		Name: Kevin P. Stevenson
		Title: EVP/CFO

EX-99.1

PRA Group Appoints Former Citigroup Executive to Board of Directors

NORFOLK, Va., August 7, 2015- PRA Group (Nasdaq: PRAA), a global leader in acquiring non-performing loans, today announced that Vikram A. “Vik” Atal has been appointed by the company's board of directors to serve as an independent director.

Atal, 59, served in executive roles with Citigroup, Inc. for 27 years. From 2008 to 2013 he was an executive vice president for Citigroup’s global consumer bank, where he had responsibility for shaping Citi as an information-centric enterprise, leveraging analytics and data to drive growth, and oversaw loss mitigation efforts against Citi’s high-risk consumer portfolio through the financial crisis. From 2005 to 2008 he served as chairman and chief executive officer for Citi Cards’ branded and retail partner cards franchise in North America, which had revenues of $18 billion and more than 60 million customers. His previous roles with Citigroup included leadership of partnership programs for Citi Cards, chief financial officer of Citi’s U.S. cards franchise, and overseeing SEC, regulatory and business financial reporting for Citicorp.

"With his broad and significant experience in consumer financial services, Vik Atal is a tremendous asset to our board of directors," said Steve Fredrickson, chairman, president and chief executive officer of PRA Group. “His outstanding track record in finance, data and analytics, mergers and acquisitions and operational effectiveness will help shape PRA’s growth and compliance strategies for the future.”

Atal holds a Bachelor of Arts degree in mathematics from St. Stephens College in Delhi, India, and a Bachelor of Science degree in finance from the London School of Economics and Political Science.

About PRA Group

As a global leader in acquiring non-performing loans, PRA Group (Nasdaq: PRAA) returns capital to global banks and other creditors to help expand financial services for consumers in North America and Europe. PRA Group companies collaborate with customers to help them resolve their debt and provide a broad range of additional revenue and recovery services to business and government clients.

PRA has been recognized as one of Fortune's 100 Fastest-Growing Companies for the past three years and one of Forbes' Best Small Companies in America for eight consecutive years since 2007. For more information, please visit www.pragroup.com.

Contact:

Nancy Porter

Vice President, Corporate Communications

(757) 431-7950

NAPorter@PRAGroup.com

# # #