Company: GDOT
Filing Date: 2025-03-24
Form Type: 8-K/A
Source: 0001386278-25-000014
Chunk: 1

Company: GREEN DOT CORP
Filing Date: 2025-03-24
Form: 8-K/A
Chunk 1
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 exchange on which registered: |
| Class A Common Stock, $0.001 par value                      |     | GDOT               |     | New York Stock Exchange                    |

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

#### Explanatory Note
On March 10, 2025, Green Dot Corporation (the "Company") filed a Current Report on Form 8-K to report, among other things, the appointment of William I Jacobs as the Company's interim Chief Executive Officer and Chris Ruppel as interim President of the Company and interim Chief Executive Officer and President of Green Dot Bank (the “Bank”). The Company is filing this Form 8-K/A as an amendment (Amendment No. 1) to the aforementioned Form 8-K to disclose the details of the compensation for Messrs. Jacobs and Ruppel, which was awarded in connection with each interim officer’s appointment but was not determined at the time of the previous filings, as well as to disclose the terms of the Company’s retention program.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Interim Officer Compensation Arrangements

On March 18, 2025 and March 24, 2025, respectively, the Compensation Committee (the “Committee”) of the Company’s Board of Directors approved compensation packages for Messrs. Jacobs and Ruppel as further described below.

Compensation Arrangement for Mr. Jacobs

Under his compensation package, Mr. Jacobs will receive a monthly salary of $50,000 in cash and a monthly service award of up to $60,000 in cash. Additionally, Mr. Jacobs was granted 117,123 time-based restricted stock units (“RSUs”) pursuant to the terms of the Company's 2010 Equity Incentive Plan and standard form of RSU award agreement. The RSUs will vest and settle in full on the