Green Dot Corporation (NYSE:GDOT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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Green Dot Corporation (NYSE:GDOT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 17, 2017, Mark L. Shifke notified Green Dot Corporation (the “Company”) of his intention to step down as Chief Financial Officer of the Company once his successor is appointed. Mr. Shifke indicated that he intends to assist in the search for a new Chief Financial Officer and ensure an orderly transition, which the Company expects will occur within the next six months. Once a successor is appointed, the Company expects Mr. Shifke to serve the Company in the same capacity he served the Company before his appointment as Interim Chief Financial Officer, with the title Senior Vice President, Corporate Finance.

About Green Dot Corporation (NYSE:GDOT)

Green Dot Corporation, along with its subsidiaries, is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services. Its account services segment includes branded deposit account programs, including Green Dot-branded and affinity-branded general purpose reloadable (GPR) card accounts; checking accounts, and open-loop gift cards. Its processing and settlement services include reload services and tax refund processing services. It also has operations in the mobile technology and mobile banking with GoBank mobile checking account. Through its subsidiary, SBBT Holdings, LLC (TPG), it also operates as a processor of tax refund disbursements in the United States. It offers checking account products, such as GoBank, that allow customers to acquire and manage checking accounts.

Green Dot Corporation (NYSE:GDOT) Recent Trading Information

Green Dot Corporation (NYSE:GDOT) closed its last trading session down -0.22 at 26.78 with 411,138 shares trading hands.