NewtekOne, Inc. 8-K

What Happened
On April 1, 2026, NewtekOne, Inc. announced it renewed one‑year employment agreements with its key executives: Barry Sloane (Chief Executive Officer and President), Michael A. Schwartz (Chief Legal Officer and Corporate Secretary), and Frank DeMaria (Chief Financial Officer and Executive Vice President). The company’s subsidiary, Newtek Bank, N.A., renewed the employment agreement for its President, Peter Downs. The Sloane agreement remains unchanged from the prior filing; the other three renewed agreements include a Non‑renewal Payment equal to one year of base compensation. The company signed the 8‑K on April 3, 2026.

Key Details

• Renewal date: April 1, 2026; 1‑year extensions for Sloane, Schwartz, DeMaria and Downs.
• Non‑renewal payment: Downs, Schwartz and DeMaria each have a Non‑renewal Payment equal to one year of base salary.
• Filing notes: Sloane’s employment agreement and the other renewed agreements will be filed as exhibits in NewtekOne’s next Form 10‑Q; Change‑in‑Control agreements remain unchanged (previously filed in the 2024 Form 10‑K).
• Signed by Barry Sloane as CEO, President and Chairman on April 3, 2026.

Why It Matters
These renewals show NewtekOne is retaining its senior leadership and bank president for at least another year, which keeps continuity in executive management and strategy. For investors, the Non‑renewal Payment provisions represent a defined potential cash obligation equal to one year of base pay for three executives if those agreements are not renewed. No departures, new hires, or material changes to compensation beyond the noted Non‑renewal Payments were disclosed.