Company: SBXD
Filing Date: 2025-06-27
Form Type: 8-K
Source: 0001104659-25-063617
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Company: SilverBox Corp IV
Filing Date: 2025-06-27
Form: 8-K
Item: Item 5.02
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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 June 24, 2025, Matthew
Eilers, a member of the Board of Directors (the “ Board”) of SilverBox Corp IV (the “ Company”), notified the Company
of his intent to resign from the Board, effective June 25, 2025. Mr. Eiler’s resignation is not a result of any disagreement with
the Company on any matter relating to the Company’s policies or procedures. Mr. Eiler informed the Company that his decision to
resign was to avoid any appearance of a conflict of interest as a result of him recently accepting a position at an investment banking
organization.

Effective June 25, 2025,
the Board appointed Glenn Marino to the Board as a director of the Company. Mr. Marino was also appointed a member of the Board’s
Nominating and Corporate Governance Committee, the Board’s Compensation Committee and the Board’s Audit Committee. In addition,
the Board determined that Mr. Marino qualifies as an “audit committee financial expert” as defined in applicable SEC rules
and has accounting or related financial management expertise.

Glenn Marino, age 68, has over 30 years of experience
in the consumer finance industry and currently serves on the board of directors and compensation committee of PRA Group, Inc. (Nasdaq:
PRAA). Prior to serving in that role, he was the Executive Vice President, Chief Commercial Officer and CEO of the Payment Solutions business
at Synchrony Financial, Inc. (“ Synchrony”), a publicly traded financial services company. Prior to the spin-off of Synchrony
by General Electric Corporation (“ GE”) in 2014, Marino served as CEO of Sales Finance from 2002 until 2014 for GE’s
North American retail finance business. He also previously served as President of Monogram Credit Services, a joint venture between GE
and Bank One Corporation (now part of JPMorgan Chase) and Chief Risk Officer - Consumer Cards Services for GE Capital. During his
tenure with Synchrony, Marino led the organization to becoming one of the premier “ Point-of-Sale” companies in the financial
industry. Before joining General Electric, Marino held roles of increasing responsibility in finance with Citibank and Xerox Corporation.
He earned a Bachelor of Science in Biology from Syracuse University and a Master of Business Administration from the University