On April 1, 2026, NewtekOne, Inc. announced the renewal of employment agreements for its executive officers, including Barry Sloane, Chief Executive Officer and President, Michael A. Schwartz, Chief Legal Officer and Corporate Secretary, and Frank DeMaria, Chief Financial Officer and Executive Vice President. The agreements have been extended for an additional one-year term. Additionally, the Company’s subsidiary, Newtek Bank, N.A., renewed the employment agreement with its President, Peter Downs, also for one year. The terms of the Sloane Employment Agreement remain unchanged from the previous agreement filed in the Company’s Quarterly Report for the period ended March 31, 2025. The other agreements, including those for Schwartz, DeMaria, and Downs, include a Non-renewal Payment equal to one year of base compensation, with other terms remaining consistent with prior agreements. These renewals reflect the Company’s commitment to maintaining stable leadership as it continues to navigate the financial landscape.

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