# EDGAR Filing Document

**Accession Number:** 0001806201
**File Stem:** 0001806201-25-000119
**Filing Date:** 2025-11
**Character Count:** 9473
**Document Hash:** 3d50a5ff9d6a575e9cd94d58aa668850
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001806201-25-000119.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001806201-25-000119

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251119

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Open Lending Corp
- **CENTRAL INDEX KEY:** 0001806201
- **STANDARD INDUSTRIAL CLASSIFICATION:** PERSONAL CREDIT INSTITUTIONS [6141]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 845031428
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39326
- **FILM NUMBER:** 251522706

**BUSINESS ADDRESS:**
- **STREET 1:** 1501 S. MOPAC EXPRESSWAY
- **STREET 2:** SUITE #450
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746
- **BUSINESS PHONE:** 512-892-0400

**MAIL ADDRESS:**
- **STREET 1:** 1501 S. MOPAC EXPRESSWAY
- **STREET 2:** SUITE #450
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Nebula Parent Corp.
- **DATE OF NAME CHANGE:** 20200310

?xml version='1.0' encoding='ASCII'? lpro-20251119

  

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**<br>

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(d)**

**OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported): November 19, 2025**

![lpro logo.jpg](lpro-20251119_g1.jpg)

**OPEN LENDING CORPORATION**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-39326** | **84-5031428** |
| **(State or other jurisdiction<br>of incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |

---

**1501 S. MoPac Expressway**

**Suite 450**

**Austin, Texas 78746**

**(Address of principal executive offices, including zip code)**

**Registrant's telephone number, including area code: 512-892-0400**

**(Former name or former address, if changed since last report)**

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| **Common stock, par value $0.01 per share** | **LPRO** | **The Nasdaq Stock Market LLC** |

---

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. ☐

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

On November 19, 2025, Gene Yoon resigned his position as a director of Open Lending Corporation (the "Company"). Mr. Yoon's resignation is not the result of any dispute or disagreement with the Company or the Board of Directors (the "Board") on any matter relating to the operations, policies, or practices of the Company.

Mr. Chaudhary serves as Executive Vice President, Global Debit, Prepaid & Sustainability Products of Mastercard Inc. Mr. Chaudhary previously served as Chief Product Officer of Pagaya Technologies Ltd. from October 2023 until November 2025. Prior to that, Mr. Chaudhary served as Chief Product Officer of Green Dot Corporation from January 2022 until October 2023. Mr. Chaudhary previously served in other roles at Green Dot Corporation, including EVP, Head of Direct to Consumer from January 2021 until December 2022 and General Manager, Direct to Consumer from June 2018 until December 2020. Mr. Chaudhary received a Bachelor of Science degree in Computer Engineering from University of Pune and a Master of Business Administration degree from Texas Tech University.

There are no arrangements or understandings between Mr. Chaudhary and any other person pursuant to which Mr. Chaudhary was selected as a director, and Mr. Chaudhary is not a participant in any related party transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The Company has entered into its standard form of director indemnification agreement with Mr. Chaudhary, the form of which is filed as Exhibit 10.11 to the Company's Current Report on Form 8-K filed on June 16, 2020.

On November 25, 2025, the Company issued a press release in connection with the foregoing announcement. A copy of this press release is filed as Exhibit 99.1 to this report on Form 8-K.

**Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

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| | |
|:---|:---|
| 99.1 | <u>[Press Release issued by the Company on](lpro-20251119ex991.htm)[Novembe](lpro-20251119ex991.htm)[r 2](lpro-20251119ex991.htm)[5](lpro-20251119ex991.htm)[, 2025.](lpro-20251119ex991.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**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.

---

| | |
|:---|:---|
| **OPEN LENDING CORPORATION** | **OPEN LENDING CORPORATION** |
| By: | /s/ Jessica Buss |
| Name: | Jessica Buss |
| Title: | Chief Executive Officer |

---

Date: November 25, 2025

## Exhibit 99.1

**Open Lending Appoints Abhijit Chaudhary to Board of Directors**

*Seasoned Fintech Leader Joins Board, Bringing Over Two Decades of Expertise Driving Product Innovation and Growth Across Consumer Finance*

AUSTIN, Texas – November 25, 2025 – Open Lending Corporation (NASDAQ: LPRO) (the "Company" or "Open Lending"), a leading provider of lending enablement and risk analytics solutions for financial institutions, today announced the appointment of Abhijit "Abhi" Chaudhary to its Board of Directors as a Class I director, effective November 21, 2025. Mr. Chaudhary will serve on the Company's Audit and Nominating and Corporate Governance Committees. He is replacing Gene Yoon, who is stepping down from the Board.

Mr. Chaudhary has been leading product strategy for growth-oriented financial services businesses for over 20 years. Currently he serves as Executive Vice President, Global Debit, Prepaid & Sustainability Products at Mastercard. Prior to joining Mastercard, he served as Pagaya's Chief Product Officer, where he drove the company's technological growth and led product innovation. Before Pagaya, Mr. Chaudhary was Chief Product Officer at Green Dot, where he drove scale by developing the product suite for both businesses and consumers. Mr. Chaudhary has also held senior leadership roles at American Express and Discover Card.

"Abhi is an exciting addition to our Board, bringing a wealth of product leadership experience," said Jessica Buss, Chief Executive Officer and Chairman of the Board of Open Lending. "We believe Abhi will offer a valuable perspective rooted in his deep knowledge of scaling disruptive technology and financial services businesses. His appointment, alongside the recent appointment of Todd Hart, marks a pivotal moment in the evolution of Open Lending's Board of Directors as we work to foster a healthy variety of opinions, skillsets, and experience."

"Open Lending empowers borrowers and financial institutions to unlock untapped potential and expand access to credit in meaningful ways," said Mr. Chaudhary. "I'm excited to help advance the Company's vision, collaborate with the board and management team, and drive strategies that accelerate growth and deliver long-term value."

Mr. Chaudhary earned a Bachelor of Science degree in Computer Engineering from University of Pune and a Master of Business Administration degree from Texas Tech University.

**About Open Lending Corporation**

Open Lending (Nasdaq: LPRO) provides loan analytics, risk-based pricing, risk modeling and default insurance to auto lenders throughout the United States. For 25 years, we have been empowering financial institutions to create profitable auto loan portfolios with less risk and more reward. For more information, please visit <u>www.openlending.com</u>.

**Investor Relations Contact:** 

<u>InvestorRelations@openlending.com</u>

<br>