NewtekOne updates severance terms for its CFO

NewtekOne, Inc. amended the Employment Agreement of its Chief Financial Officer, Frank DeMaria, effective August 16, 2026.

Rhea-AI Filing Summary

NewtekOne, Inc. amended the Employment Agreement of its Chief Financial Officer, Frank DeMaria, effective August 16, 2026. The amendment entitles Mr. DeMaria to a total severance payment equal to one (1) times his Annual Base Compensation if he is terminated without Just Cause, as defined in the Employment Agreement. All other terms and conditions of his April 1, 2026 Employment Agreement remain unchanged.

Filing Explained

The August 14 Form 8-K describes the CFO agreement amendment now, but the amendment itself is not included; the company says it will file it with the Form 10-Q for the quarter ending September 30, 2026.

8-K Event Classification

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

1 item

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.

Key Figures

Severance multiple: one (1) times Annual Base Compensation Amendment effective date: August 16, 2026 Original Employment Agreement date: April 1, 2026

3 metrics

Severance multiple one (1) times Annual Base Compensation Severance payable if CFO is terminated without Just Cause

Amendment effective date August 16, 2026 Effective date of CFO Employment Agreement amendment

Original Employment Agreement date April 1, 2026 Date of CFO’s underlying Employment Agreement

Key Terms

severance payment, Just Cause, Employment Agreement, Emerging growth company

4 terms

severance payment financial

"The Amendment provides for Mr. DeMaria to be entitled to a total severance payment"

Just Cause regulatory

"terminated without Just Cause (as defined in the Employment Agreement)"

Employment Agreement regulatory

"Mr. DeMaria’s Employment Agreement dated as of April 1, 2026"

Emerging growth company regulatory

"Emerging growth company o o"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive compensation change did NEWT disclose for its CFO?

NewtekOne, Inc. amended CFO Frank DeMaria’s Employment Agreement to provide a severance payment equal to one (1) times his Annual Base Compensation if he is terminated without Just Cause, while leaving all other terms unchanged.

When does the amended Employment Agreement for NEWT’s CFO become effective?

The amendment to CFO Frank DeMaria’s Employment Agreement is effective August 16, 2026. It updates his severance entitlement upon termination without Just Cause but does not alter other existing agreement terms.

Under what conditions does NEWT’s CFO receive severance under the new amendment?

Frank DeMaria is entitled to severance if he is terminated without Just Cause, as defined in his Employment Agreement. In that case, he receives a severance payment equal to one (1) times his Annual Base Compensation.

Did NewtekOne, Inc. change any other terms of the CFO’s Employment Agreement?

No. The company states that all other terms and conditions of Frank DeMaria’s April 1, 2026 Employment Agreement remain unchanged, aside from the revised severance provision for termination without Just Cause.

Where will investors find the full text of NEWT’s CFO employment amendment?

NewtekOne, Inc. indicates the Amendment will be filed as an exhibit to its Quarterly Report on Form 10-Q for the period ending September 30, 2026, providing the complete contractual terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 04:14 PM Accepted by SEC EDGAR 08/14/2026 - 04:06 PM Learn about SEC filing dates

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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

August 14, 2026

Date of Report (date of Earliest Event Reported)

NEWTEKONE, INC.

(Exact Name of Company as Specified in its Charter)

Maryland			814-01035			46-3755188
(State or Other Jurisdiction of Incorporation or Organization)			(Commission File No.)			(I.R.S. Employer Identification No.)

4800 T Rex Avenue, Suite 120, Boca Raton, Florida 33431

(Address of principal executive offices and zip code)

(212) 356-9500

(Company’s telephone number, including area code)

(Former name or former address, if changed from last report)

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 $0.02 per share

NEWT

Nasdaq Global Market LLC

8.00% Notes due 2028

NEWTI

Nasdaq Global Market LLC

8.50% Notes due 2029

NEWTG

Nasdaq Global Market LLC

8.625% Notes due 2029

NEWTH

Nasdaq Global Market LLC

8.50% Notes due 2031

NEWTO

Nasdaq Global Market LLC

Depositary Shares, each representing a 1/40th interest in a share of 8.500% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B

NEWTP

Nasdaq Global Market LLC

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 (see General Instruction A.2. below):

¨    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))

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     o

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. o

Item 5.02.     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

NewtekOne, Inc. ( the “Company”) and Frank DeMaria, the Company’s Chief Financial Officer, entered into an amendment (the “Amendment”), effective as of August 16, 2026, to Mr. DeMaria’s Employment Agreement dated as of April 1, 2026 (the “Employment Agreement” ). The Amendment provides for Mr. DeMaria to be entitled to a total severance payment equal to one (1) times the Mr. DeMaria's Annual Base Compensation in the event Mr. DeMaria is terminated without Just Cause (as defined in the Employment Agreement). The other terms and conditions of the Employment Agreement remain unchanged.

The foregoing description of the terms of the Employment Agreement (which was filed as Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2026) and the Amendment (which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2026) does not purport to be complete and is qualified in its entirety by the terms of the Employment Agreement and the Amendment.

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			NEWTEKONE, INC.
Date: August 14, 2026			By:			/S/    BARRY SLOANE
						Barry Sloane
						Chief Executive Officer, President and Chairman of the Board

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 3.9 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 17.6 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 33.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 18.5 KB