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AI brief of an SEC Form 8-K · Upbound Group (UPBD)

Upbound Group names Scott Young chief operating officer; Dev Chakraborty leads Brigit

Neutral Impact 3 of 5 leadership Written later

Upbound Group said Scott Young joined as Executive Vice President and Chief Operating Officer effective September 22, 2026, reporting to CEO Fahmi Karam. The company said the newly created role will lead strategic alignment across Acima, Brigit and Rent-A-Center, and it also named Dev Chakraborty Senior Vice President and Head of Brigit.

Key points

  • Scott Young's offer letter sets an annual base salary of $610,000 and a cash bonus target of 60% of base salary.
  • Young receives a one-time sign-on award of Performance Stock Units valued at $3,111,000, earned based on stock price hurdles over four years.
  • Starting February 2027, Young is eligible for a long-term incentive target of 170% of base salary.
  • Dev Chakraborty, formerly General Manager at MoneyLion, was named SVP and Head of Brigit; the company cited Brigit at approximately $300 million in annual recurring revenue and 1.8 million paying users.

The filing

CompanyUpbound Group (UPBD)
Form8-K, current report
Filed with the SECSep 22, 2026, 8:44 AM ET
Accession number0001104659-26-109492

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:57 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 September 22, 2026.

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.