An update from Newtek Business (NEWT) is now available.
NewtekOne, Inc. has extended the employment agreement of its Executive Vice President and CFO, M. Scott Price, for another year starting May 15, 2024, maintaining his current salary and benefits. Additionally, a new agreement ensures Price a severance package of 1.15 times his annual salary if his employment ends within a year of a company takeover. These agreements emphasize the company’s commitment to leadership stability and could be a point of interest for investors monitoring executive movements within NewtekOne.
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