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Open Lending Corp (NASDAQ:LPRO) announced Monday that Jessica Buss, the company’s Chief Executive Officer, has been appointed as interim principal financial officer and principal accounting officer, effective Sunday. The appointment follows the end of Charles Jehl’s tenure as interim Chief Financial Officer, which concluded Sunday in accordance with a previously disclosed transition services agreement.
Mr. Jehl will remain on the company’s board as a non-employee director, according to the statement. Open Lending’s board of directors has begun a search for a permanent Chief Financial Officer.
Ms. Buss will not receive additional compensation for her interim roles. The company stated that Buss has no family relationships with any current directors or executive officers and has no material interest in any related transactions that require disclosure.
Buss will continue to serve as CEO and executive chairman of the board while holding the interim finance roles. Her biographical information was previously disclosed in Open Lending’s 2025 proxy statement filed with the Securities and Exchange Commission on April 10.
Open Lending Corp is listed on the Nasdaq Stock Market under the ticker LPRO. This information is based on a press release statement filed with the SEC.
In other recent news, Open Lending Corporation reported its first-quarter earnings for 2025, revealing a diluted earnings per share (EPS) of $0.01, which was below the forecasted $0.0043. Despite this, the company exceeded revenue expectations, reporting $24.4 million compared to the forecast of $22.78 million. The earnings report also disclosed a significant decrease in net income to $600,000 from $5.1 million in the same period last year, alongside a reduction in adjusted EBITDA to $5.7 million from $12.5 million. Additionally, Open Lending announced a $25 million stock repurchase program and a 10% reduction in headcount as part of its operational restructuring efforts. In another development, DA Davidson reiterated its Buy rating for Open Lending, maintaining a $4.00 price target and noting the company’s potential for stabilization and improved profitability. The firm highlighted that Open Lending’s forecast for certified loans in the second quarter of 2025 surpassed its previous predictions. Furthermore, Open Lending held its Annual Meeting of Stockholders, where it ratified Ernst & Young LLP as its independent accounting firm for the fiscal year and elected two directors to its board.
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