RM Regional Management Corp. - 8-K

Item 1.01 Entry into a Material Definitive Agreement.

On March 2, 2026, Regional Management Corp. (the “ Company ”) and Column National Association, a national banking association (“ Column ”), entered into a Program Management Agreement (the “ PMA ”) to create a new lending program under which Column will serve as the lender of secured and unsecured installment lending products in select states. Under the PMA and ancillary agreements, the parties have agreed to establish and offer the installment lending program to consumers, through the Company’s platform and other approved channels, under which Column will make loans to consumers and the Company will act as Column’s service provider and program manager. In such role, the Company will perform various services to help Column with day-to-day operations of the program, including, but not limited to, marketing and loan servicing. Column will pay the Company certain marketing, processing, and servicing fees for its services, and the Company will pay Column monthly fees, including a platform fee and usage fee. Column will retain the ultimate control and continued oversight over the program, including the right to monitor the Company’s activities, require modifications to the program, and determine the terms, conditions, and requirements of any loans, credit risk, underwriting, and product documents. The PMA also requires the Company to establish and maintain a risk management program, including a compliance management system, designed to ensure compliance with applicable law and other Column requirements.

Column will hold each originated loan for a hold period during which time the loan will be serviced by the Company under the terms of a servicing agreement. At the conclusion of the hold period, Column may offer to sell the loan to the Company and the Company will purchase any such loan offered by Column except in limited circumstances. If Column chooses to retain any loan beyond the hold period, that loan will continue to be serviced by the Company. Column will pay servicing fees to the Company during the hold period and for all loans retained by Column beyond the hold period.

The PMA includes monthly financial covenants based on the Company’s liquidity and total net worth. The initial term of the PMA will end on March 31, 2031 but it will renew automatically for successive two-year terms, unless it is terminated by either party by three hundred sixty-five (365) days prior written notice prior to the expiration of the initial term or then current renewal term.