AI English summary of an SEC filing — figures as filed

Synchrony said the board elected Daniel Colao as a director and assigned him to the Risk and Technology Committees, effective October 1, 2024. The filing states the appointment was made on September 12, 2024.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Sep 17, 2024Period of report Sep 12, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

Synchrony said the board elected Daniel Colao as a director and assigned him to the Risk and Technology Committees, effective October 1, 2024. The filing states the appointment was made on September 12, 2024.
The company said Colao will participate in the same compensation program as its other independent, non-management directors and will receive annual compensation of $265,000. Of this, $100,000 will be paid in cash and $165,000 in restricted stock units.
The company said Colao will receive additional annual cash compensation of $20,000 for Risk Committee service and $15,000 for Technology Committee service. It also said he has entered into the company's standard indemnification agreement.
The company said Colao is a retired financial services executive with more than 30 years of industry experience who served on the board from February 2014 to November 2015. With his appointment, the board will consist of 11 members.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Daniel Colao Elected to Board, Committee Assignments

Synchrony said the board elected Daniel Colao as a director and assigned him to the Risk and Technology Committees, effective October 1, 2024. The filing states the appointment was made on September 12, 2024.

Source · Based on the filing body and exhibits

Compensation for Independent Non-Management Directors

The company said Colao will participate in the same compensation program as its other independent, non-management directors and will receive annual compensation of $265,000. Of this, $100,000 will be paid in cash and $165,000 in restricted stock units.

Source · Based on the filing body and exhibits

Committee Cash Fees and Indemnification Agreement

The company said Colao will receive additional annual cash compensation of $20,000 for Risk Committee service and $15,000 for Technology Committee service. It also said he has entered into the company's standard indemnification agreement.

Source · Based on the filing body and exhibits

Colao's Background and Board Size Change

The company said Colao is a retired financial services executive with more than 30 years of industry experience who served on the board from February 2014 to November 2015. With his appointment, the board will consist of 11 members.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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