0001651094-21-000070.txt : 20211216 0001651094-21-000070.hdr.sgml : 20211216 20211216151359 ACCESSION NUMBER: 0001651094-21-000070 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20211213 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20211216 DATE AS OF CHANGE: 20211216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Elevate Credit, Inc. CENTRAL INDEX KEY: 0001651094 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 464714474 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37680 FILM NUMBER: 211497578 BUSINESS ADDRESS: STREET 1: 4150 INTERNATIONAL PLAZA STREET 2: SUITE 300 CITY: FORT WORTH STATE: TX ZIP: 76109 BUSINESS PHONE: 817-928-1500 MAIL ADDRESS: STREET 1: 4150 INTERNATIONAL PLAZA STREET 2: SUITE 300 CITY: FORT WORTH STATE: TX ZIP: 76109 8-K 1 elvt-20211213.htm 8-K elvt-20211213
0001651094FALSE00016510942021-12-132021-12-13

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)
December 13, 2021
____________________________________________________________________
 ELEVATE CREDIT, INC.
(Exact name of registrant as specified in its charter)
____________________________________________________________________

 
Delaware001-3768046-4714474
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
4150 International Plaza, Suite 300
Fort Worth, Texas 76109
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code (817) 928-1500
Not Applicable
(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))

Securities registered pursuant to Section 12(b) of the Act.
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Shares, $0.0004 par valueELVTNew York Stock Exchange
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
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.



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

Appointment of New Board Member
On December 13, 2021, the Board of Directors of Elevate Credit, Inc. (the "Company") appointed Jesse K. "Jay" Bray, as a Director of the Company effective December 13, 2021. The Company issued a press release on December 16, 2021, announcing the election, which is furnished herewith as Exhibit 99.1 and is incorporated by reference. Mr. Bray will serve on the Compensation Committee.
Mr. Bray is eligible to receive compensation pursuant to the Company's non-employee director compensation policy as described in the Company’s Proxy Statement for its 2021 Annual Meeting of Shareholders, including receipt of an initial award of restricted stock units of $300 thousand effective December 17, 2021, vesting over three years.
Mr. Bray was not appointed pursuant to any arrangement or understanding between Mr. Bray and any other person. There are no family relationships between him and any director or executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer. Neither the Company, nor any of its subsidiaries, have entered into any transactions with Mr. Bray described in Item 404(a) of Regulation S-K.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL Document)



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.
Elevate Credit, Inc.
Date:December 16, 2021By:/s/ Chad Bradford
Chad Bradford
 Interim Chief Financial Officer




EX-99.1 2 a991-decnewbod.htm EX-99.1 Document


Elevate Credit Announces New Board Member Appointment

FORT WORTH, Texas - December 16, 2021 - Elevate Credit, Inc. (“Elevate” or “Company”), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced the appointment of Jay Bray to the Company’s Board of Directors, effective immediately. As Chairman and Chief Executive Officer of Mr. Cooper Group, Bray brings more than 25 years of financial services experience to Elevate’s Board. Bray will assume a newly created Board position and will serve on the Compensation Committee.

“Jay’s extensive knowledge of the financial services and technology market will be invaluable to Elevate as we continue to seek opportunities to better serve the millions of non-prime consumers who are underserved by traditional banking institutions,” said Elevate Chief Executive Officer Jason Harvison. “Our organization will greatly benefit from the leadership and insights Jay has accumulated in his years at the helm of Mr. Cooper and we very much look forward to having him join our Board.”

As the Chairman and Chief Executive Officer of Mr. Cooper Group, Mr. Bray has grown the company to become the largest non-bank mortgage servicer in the country, successfully led multiple acquisitions and divestitures and championed the company’s transformation from Nationstar to Mr. Cooper. Prior to his time at Mr. Cooper, he held a variety of leadership roles at Bank of America and predecessor entities, where he managed the asset backed securitization process for mortgage-related products, developed and implemented a secondary execution strategy and profitability plan and managed investment banking relationships, secondary marketing operations and investor relations. Additionally, Mr. Bray led the portfolio acquisition, pricing and modeling group at Bank of America. He holds a B.A.A. in Accounting from Auburn University and is a Certified Public Accountant in the State of Georgia.

“I am thrilled to join the Board of a mission driven organization that is committed to giving consumers the tools and resources they need to reach a better financial future,” Mr. Bray said. “I look forward to working with my fellow Board members and Elevate’s leadership team to provide consumers with responsible and transparent solutions that will provide them with the foundation to thrive.”

About Elevate

Elevate (NYSE: ELVT), together with its banks partners, has originated $9.5 billion in non-prime credit to more than 2.6 million non-prime consumers to date and has saved its customers more than $8.8 billion versus the cost of payday loans. Its responsible, tech-enabled online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers’ good financial behavior with features like interest rates that can go down over time, free financial training and free credit monitoring. Elevate’s suite of groundbreaking credit products includes RISE, Elastic, and Today Card.
For more information, please visit http://corporate.elevate.com.
 
Investor Relations:
Solebury Trout
Sloan Bohlen, (817) 928-1646
investors@elevate.com

or

Media Inquiries:
Solebury Trout
Laurie Steinberg, 845-558-6370
lsteinberg@soleburytrout.com


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