Abacus Global Management Inc. 9.875% Fixed Rate Senior Notes d filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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Investment Managers
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 27, 2025
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(800 ) 561-4148
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 27, 2025, the Compensation Committee of the Board of Directors (the “Committee”) of Abacus Global Management, Inc. (the “Company”) revised the vesting of terms of the restricted stock units (the “RSUs”) granted to Company employees on October 27, 2023 under the Company’s 2023 Long-Term Equity Compensation Incentive Plan (the “Plan”), including with respect to 500,000 RSUs granted to the Company’s chief financial officer, William H. McCauley, Jr. The revised terms provide that, effective July 3, 2025, one-third (1/3) of the RSUs vest and be converted to the Company’s common stock (or, at the Company's option, the cash equivalent) on each of July 3, 2024, July 3, 2025 and July 3, 2026, with all other terms remaining the same.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits.
| Exhibit Number | Exhibit Description | |||||||
| 104 | Cover Page Interactive Data File (formatted as inline XBRL). | |||||||
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.
| Abacus Global Management, Inc. | ||||||||
| (Registrant) | ||||||||
| Date: April 2, 2025 | By: | /s/ Jay Jackson | ||||||
| Name: | Jay Jackson | |||||||
| Title: | Chief Executive Officer | |||||||