TMCnet News

REGIONAL MANAGEMENT CORP. FILES (8-K) Disclosing Change in Directors or Principal Officers
[December 31, 2013]

REGIONAL MANAGEMENT CORP. FILES (8-K) Disclosing Change in Directors or Principal Officers


(Edgar Glimpses Via Acquire Media NewsEdge) Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On December 30, 2013, Jared L. Johnson notified the Board of Directors of Regional Management Corp. (the "Company") of his resignation from the Board of Directors of the Company, effective as of December 31, 2013.

Mr. Johnson served on the Board of Directors of the Company as a designee of Parallel 2005 Equity Fund, LP (collectively with its affiliates, "Parallel"), pursuant to that certain Amended and Restated Shareholders Agreement, dated March 27, 2012, by and among the Company, Parallel, Palladium Equity Partners III, L.P., and certain other stockholders party thereto. Mr. Johnson is resigning from his position as Managing Director of Parallel, effective as of December 31, 2013, and as a result, Mr. Johnson has resigned from the Board of Directors of the Company, also effective as of December 31, 2013.




--------------------------------------------------------------------------------

[ Back To TMCnet.com's Homepage ]