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0002046042
Jefferson Capital, Inc. / DE
0002046042
2026-03-11
2026-03-11
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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
March 11, 2026
Date of Report
(Date of earliest event reported)
Jefferson Capital, Inc.
(Exact name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of
incorporation)
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001-42718
(Commission File Number) |
33-1923926
(I.R.S. Employer
Identification No.) |
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600 SOUTH HIGHWAY 169, SUITE 1575,
MINNEAPOLIS, Minnesota 55426
(Address of principal executive offices) |
55426
(Zip Code) |
Registrant’s telephone number, including
area code: (320) 229-8505
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:
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Title of each class: |
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Trading Symbol |
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Name of each exchange on which registered: |
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Common
stock, $0.0001 par value per share |
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JCAP |
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Nasdaq Global Select Market |
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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 x
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 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 11, 2025, the Board of Directors of Jefferson Capital, Inc.
(the “Company”) approved and ratified 2025 annual cash bonuses to Messrs. Burton and Zellmann for the year ended December
31, 2025 at 100% of Mr. Burton’s and 86% of Mr. Zellmann’s respective target annual bonus based on the Company’s performance
for 2025. In addition, the performance-based commissions payable to Ms. Person for the fourth quarter were determined to be an amount
equal to $97,872.
The other compensation for the named executive
officers for the year ended December 31, 2025 was previously reported by the Company in the Summary Compensation Table included in the
Company’s prospectus filed with the Securities and Exchange Commission on January 5, 2026 pursuant to Rule 424(b) under the Securities
Act of 1933 (the “Prospectus”), relating to the Company’s Registration Statement on Form S-1 (No. 333-292576). However,
as of the date of the Prospectus, 2025 annual cash bonuses for Messrs. Burton and Zellmann and the fourth quarter performance-based commissions
for Ms. Person had not yet been determined, and therefore such amounts were omitted from the Summary Compensation Table for 2025.
In accordance with Instruction
1 to Item 402(n)(2)(iii) and (iv) of Regulation S-K, the Company is including in this Current Report on Form 8-K the
annual performance cash bonuses for 2025 for Messrs. Burton and Zellmann and the aggregate performance-based commissions for Ms. Person
in its 2025 Summary Compensation Table originally filed with the Prospectus. The table below updates the previously reported Summary
Compensation Table by reflecting the annual cash bonuses paid to each of Messrs. Burton and Zellmann with respect to 2025 and Ms. Person’s
aggregate performance-based commissions (including the fourth quarter performance-based commissions of $97,782 earned by Ms. Person),
and restating each named executive officer’s total compensation amount for 2025.
| Name and Principal Position | |
Year | | |
Non-Equity Incentive Plan Compensation ($) | | |
Total ($) | |
David Burton
President and Chief Executive Officer | |
| 2025 | | |
| 382,884 | | |
| 3,795,973 | |
Mark Zellmann
President of U.S. Business Lines | |
| 2025 | | |
| 247,202 | | |
| 1,062,184 | |
Penelope Person
Chief Commercial Officer | |
| 2025 | | |
| 208,864 | | |
| 633,060 | |
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.
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Jefferson Capital, Inc. |
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| Date: March 17, 2026 |
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By: |
/s/ Christo Realov |
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Name: |
Christo Realov |
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Title: |
Chief Financial Officer |
