ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On November 23, 2020, Enova International, Inc. (the "Company") appointed Mr.
James J. Lee to the position of Chief Accounting Officer of the Company,
effective November 23, 2020. In this role, Mr. Lee will be the Company's
Principal Accounting Officer
Mr. Lee, 42, has served as the Controller of the Company since October 2018.
Previously, he served as Controller, Life & Health of Kemper Corporation
("Kemper") where he led the accounting function for Kemper's Life & Health
insurance division from January 2018 to October 2018, and as the Assistant
Controller of Kemper overseeing all aspects of accounting and financial
reporting from October 2013 to January 2018. Prior to that, he served in various
leadership roles from October 2000 to October 2013 in Assurance Services at
Ernst & Young LLP. Mr. Lee, a certified public accountant, received a B.S. in
Accounting from the University of Illinois at Urbana-Champaign.
In connection with this appointment, Mr. Lee will be entitled to receive as
compensation (i) a base salary of $255,000; (ii) a short-term incentive award
targeted at 35% of his base salary, subject to achievement of pre-defined
Company and individual performance goals and paid annually; (iii) subject to
approval by the Board's Compensation Committee, an award of restricted stock
units having a target value of 50% of his base salary that vests in equal annual
installments over four years; and (iv) other standard benefits provided to each
of the Company's executive officers.
There is no arrangement or understanding between Mr. Lee and any other persons
pursuant to which Mr. Lee was appointed as Chief Accounting Officer. There are
no family relationships between Mr. Lee and any director or executive officer of
the Company, and he has no direct or indirect material interest in any
transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K,
nor are any such transactions currently proposed.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)Exhibits
The following exhibit is furnished as part of this Report on Form 8-K:
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline
XBRL document)
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