Company: GDOT
Filing Date: 2025-05-01
Form Type: 8-K
Source: 0001386278-25-000026
Chunk: 0

Company: GREEN DOT CORP
Filing Date: 2025-05-01
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01. Entry into a Material Definitive Agreement.

On April 29, 2025, the parties to the Program Agreement, as amended, entered into an amendment of the Program Agreement, effective as of May 1, 2025 (the “ Amendment”), to provide that the initial term thereof expires on January 31, 2033 and shall automatically renew for an additional year to January 31, 2034, unless a party provides notice of its election not to renew at least 180 days prior to January 31, 2033, with no other changes to the termination provisions thereof. In connection with the Amendment, the Agreements were likewise extended to terminate on January 31, 2033.

In consideration of the amendments noted above, the Company, Green Dot Bank and RNBW agreed to cause TailFin Labs, LLC to pay RNBW a one-time, non-refundable incentive payment in the amount of $70 million. Additionally, RNBW agreed to work with Walmart to meet certain in-store display objectives for MoneyCard and Green Dot-branded products.

The foregoing description of the Amendment is qualified in its entirety by reference to the to the text of the Amendment, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

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 thereunto duly authorized.

  GREEN DOT CORPORATION                       
  By:                        /s/ Amy Pugh     
                             Amy Pugh         
                             General Counsel  

Date: May 1, 2025