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AI brief of an SEC Form 8-K · Encore Capital Group (ECPG)

Encore Capital names Tomas Hernanz CFO, succeeding Jonathan Clark effective April 1, 2025

Neutral Impact 4 of 5 leadership Written later

Encore Capital Group appointed Tomas Hernanz, currently CFO of its European unit Cabot Credit Management, as Executive Vice President, Chief Financial Officer and Treasurer, effective April 1, 2025, as part of a previously announced transition. Jonathan Clark, the former CFO, will serve as a senior advisor under a consulting agreement, and his outstanding equity awards will continue to vest.

Key points

  • Tomas Hernanz, 46, succeeds Jonathan Clark as CFO and Treasurer effective April 1, 2025; he will be principal financial and accounting officer
  • Hernanz's base salary is $500,000 with a target annual bonus of 85% of salary
  • 2025 long-term incentive awards have a target grant date value of approximately $950,000, split equally between restricted stock units and performance stock units
  • Clark's consulting agreement, signed March 28, 2025, covers up to 30 hours per month for 24 months starting April 1, 2025

The filing

CompanyEncore Capital Group (ECPG)
Form8-K, current report
Filed with the SECMar 31, 2025, 4:43 PM ET
Accession number0001084961-25-000032

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 31, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.