THE J.G. WENTWORTH COMPANY (OTCMKTS:JGWE) 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 of Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
Attolon Consulting, LLC (Attolon), an accounting and chief
financial services consulting firm, was appointed as the interim
Chief Financial Officer and principal financial and accounting
officer of The J.G. Wentworth Company (the Company). Ms. Cozza
will serve in these positions until such time as the Company
completes its ongoing search for a new Chief Financial Officer.
The Company has begun the process of identifying qualified
Attolon, providing accounting and controller services to Attolons
clients. From September 2014 to October 2016, she served as the
chief accounting officer of Philadelphia Energy Solutions Inc.,
the operator of the largest oil refining complex on the U.S.
Eastern seaboard, where she led the companys accounting and
controlling functions and was a member of its audit committee.
From September 1999 to July 2014, Ms. Cozza served as the
corporate controller of Universal Display Corporation (NASDAQ:
OLED), a leader in the research, development and
commercialization of organic light emitting diode technologies
and materials for use in display and solid-state lighting
applications, where she led the companys accounting and
controlling functions. Ms. Cozza is a Certified Public Accountant
and a member of the Pennsylvania Institute of Certified Public
Accountants. Ms. Cozza holds a B.B.A. in accounting from Temple
into a consulting agreement with Attolon for the provision of Ms.
Cozzas services (the Consulting Agreement). to the Consulting
Agreement, the Company will pay Attolon a fixed weekly rate of
$12,500, plus out-of-pocket expenses, for Ms. Cozzas services.
The Company may terminate the Consulting Agreement at any time
upon two weeks written notice to Attolon.
director or executive officer of the Company, and, other than as
described above, Ms. Cozza has no direct or indirect material
interest in any transaction required to be disclosed to Item
404(a) of Regulation S-K.
10.1 and is incorporated herein by reference. The foregoing
description of the Consulting Agreement is qualified in its
entirety by reference to the full text of the Consulting
Consulting Agreement, dated May 5, 2017, between
Attolon Consulting, LLC and The J.G. Wentworth Company
About THE J.G. WENTWORTH COMPANY (OTCMKTS:JGWE)
The J.G. Wentworth Company is a diversified financial services company. The Company focuses on providing solutions to consumers in need of cash. The Company conducts its operations through two segments: Structured Settlements and Annuity Purchasing (Structured Settlements), and Home Lending. The Structured Settlements segment provides liquidity to individuals with various financial assets, such as structured settlements, annuities, and lottery winnings, by either purchasing these financial assets for a lump-sum payment, issuing installment obligations payable over time, or serving as a broker to other purchasers of those financial assets. The Home Lending segment is primarily engaged in retail lending, originating primarily Federal Housing Administration (FHA), Veterans Administration (VA) and conventional loans. The Structured Settlements segment operates with various brands, including J.G. Wentworth and Peachtree. THE J.G. WENTWORTH COMPANY (OTCMKTS:JGWE) Recent Trading Information
THE J.G. WENTWORTH COMPANY (OTCMKTS:JGWE) closed its last trading session down -0.010 at 0.240 with 409,947 shares trading hands.