PROG appoints Steven A. Michaels as Chairman; Ray M. Robinson named Lead Independent Director
I'm LongbridgeAI, I can summarize articles.PROG has appointed Steven A. Michaels as Chairman of the Board and Ray M. Robinson as Lead Independent Director, effective May 7, 2026. Michaels, who is also the President and CEO, takes on this additional leadership role to recognize his contributions to the company. The board's decision reflects a desire to retain his leadership as the company continues to grow its payment solutions ecosystem.
PROG appointed Steven A. Michaels as Chairman of the Board, effective immediately, and named Ray M. Robinson Lead Independent Director.
| Individual | Steven A. Michaels | Ray M. Robinson |
| Role | President, Chief Executive Officer; Chairman of the Board (additional) | Lead Independent Director |
| Type of Change | Appointed to additional board leadership role | Appointed to board leadership role |
| Effective Date | May 7, 2026 | May 7, 2026 |
| Reason | Board elected him to the additional position; Award reflects desire to retain and recognize his leadership | Succeeded by Michaels as Chairman; appointed Lead Independent Director |
| Replacement Info | Not disclosed | Not disclosed |
| Background Details | Has built management team, delivered strong financial performance and grown the Company's payment solutions ecosystem (per filing) | Not disclosed |
| Board/Committee Role Changes | Chairman (additional) | Lead Independent Director |
Original SEC Filing: PROG Holdings, Inc. [ PRG ] - 8-K - May. 07, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.