NewtekOne, Inc. — Form 10-Q
Filed August 10, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
NewtekOne formalized employment agreements with four key executives, all effective April 1, 2026 through March 31, 2027: Barry Sloane (CEO/President/Chairman) at $1M base; Peter Downs (Newtek Bank President) at $750K; Michael Schwartz (Chief Legal Officer) at $625K; and Frank DeMaria (CFO) at $433K. Severance multiples vary: Sloane receives 2x base+prior bonus on termination without cause or non-renewal; Downs, Schwartz receive 1x on termination without cause; DeMaria receives 0.5x. All include non-compete, non-solicitation, and confidentiality covenants for two years post-termination. Total disclosed base compensation: $2.808M annually.
Why this rating
Administrative renewal of standard executive employment terms. No material M&A, restructuring, or policy change. Severance costs predictable and reasonable relative to $276.5M market cap (~1% annually). Routine corporate governance.
See more from August 10, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.