Funding America (NASDAQ: LMFA) awards new options and cash bonuses to executives

Rhea-AI Filing Summary

Funding America, Inc. reported that its board approved new stock option grants and cash bonuses for three senior executives. On September 30, 2025, the company granted options to purchase 176,100 shares of common stock to Bruce Rodgers, 114,500 to Richard Russell and 61,700 to Ryan Duran under its 2021 Omnibus Incentive Plan at an exercise price of $1.14 per share. The options have a ten-year term, with half vesting on the first anniversary of the grant date and the remainder on the second anniversary, subject to continued service.

The board also approved discretionary one-time cash bonuses based on individual performance and corporate objectives: $660,000 for Bruce Rodgers (about 80% of his target bonus), $440,000 for Richard Russell (about 80% of his target) and $212,500 for Ryan Duran (about 100% of his target).

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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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

Date of Report (Date of earliest event reported): September 30, 2025

LM FUNDING AMERICA, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-37605	47-3844457
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
1200 West Platt Street Suite 100
Tampa, Florida				33606
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: 813 222-8996

(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:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock par value $0.001 per share		LMFA		The Nasdaq Stock Market LLC

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 ☐

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 September 30, 2025, the Board of Directors of LM Funding America, Inc. (the “Company”) approved, following the recommendation of the Compensation Committee of the Company (the “Compensation Committee”), the grant of options to purchase shares of common stock of the Company (the “Options”) to each of Bruce Rodgers, Richard Russell and Ryan Duran in the amounts set forth below opposite such officer’s name below.

Name	Number of Stock Options
Bruce Rodgers	176,100
Richard Russell	114,500
Ryan Duran	61,700

The Options were issued subject to the terms of the Amended and Restated LM Funding America, Inc. 2021 Omnibus Incentive Plan at a per-share exercise price equal to the closing price of the Company’s common stock on the grant date of $1.14. Each Option has a term of ten years, with one-half of the Options vesting and becoming exercisable on the first anniversary of the grant date, and the remaining one-half of the Options vesting and becoming exercisable on the second anniversary of the grant date, subject to the respective executive’s continued service to the Company through the applicable vesting dates.

In addition, on September 30, 2025, the Board, following the recommendation of the Compensation Committee, approved a discretionary one-time cash bonus for individual performance and the Company’s achievement of corporate objectives (i) to Bruce Rodgers in the gross amount of $660,000 (which is approximately 80% of Mr. Rodgers’ targeted bonus amount), (ii) to Richard Russell in the gross amount of $440,000 (which is approximately 80% of Mr. Russell’s targeted bonus amount), and (iii) to Ryan Duran in the gross amount of $212,500 (which is approximately 100% of Mr. Duran’s targeted bonus amount).

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Description
104		Cover Page Interactive Data File (embedded within the inline XBRL document)

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.

			LM Funding America, Inc.
Date:	October 3, 2025	By:	/s/ Richard Russell
			Richard Russell, Chief Financial Officer

FAQ

What executive stock options did LMFA grant on September 30, 2025?

On September 30, 2025, Funding America, Inc. (LMFA) granted stock options to purchase common shares as follows: 176,100 options to Bruce Rodgers, 114,500 to Richard Russell and 61,700 to Ryan Duran.

What is the exercise price and term of the new LMFA stock options?

The options were granted at a per-share exercise price of $1.14, equal to the closing price on the grant date, and each option has a ten-year term.

How do the vesting terms work for the LMFA executive stock options?

For each grant, one-half of the options vest and become exercisable on the first anniversary of the grant date and the remaining half on the second anniversary, subject to the executive’s continued service with the company.

What cash bonuses did LMFA award to its executives in this 8-K?

The board approved one-time cash bonuses of $660,000 for Bruce Rodgers, $440,000 for Richard Russell and $212,500 for Ryan Duran, based on performance and corporate objectives.

How do the LMFA bonuses compare to the executives’ target bonus amounts?

The company stated that Bruce Rodgers and Richard Russell each received approximately 80% of their targeted bonus amount, while Ryan Duran received approximately 100% of his targeted bonus amount.

Under what plan were the LMFA executive options granted?

The options were granted under the Amended and Restated Funding America, Inc. 2021 Omnibus Incentive Plan, which governs the terms of these equity awards.