Elevate Credit Announces Departure Of Robert Johnson From Board Of Directors

The following excerpt is from the company's SEC filing.
FORT WORTH, Texas—(BUSINESS WIRE)— Elevate Credit, Inc. (“Elevate”), a leading tech-enabled provider of innovative and responsible online
credit solutions for
consumers, today announced that one of its founding Board members, Robert Johnson, will step down at the end of his term, effective as of Elevate’s 2021 Annual Stockholders
Meeting. Mr. Johnson plans to scale back his time commitments outside of RLJ Companies, the asset management firm he founded in 2002.
“We would
like to thank Bob for his countless contributions to Elevate over the last nine years,” said Elevate President and CEO Jason Harvison. “Bob brought incredible energy and insight to our company and has undoubtedly helped drive our growth
and passion to provide financial solutions to underserved Americans.”
Mr. Johnson joined Elevate’s Board of Directors in 2012 and has
served as a member of the Nominating and Corporate Governance Committees.
Mr. Johnson is the founder and Chairman of The RLJ Companies, an
innovative business network that owns or holds interests in a diverse portfolio of companies in the consumer financial services, private equity, real estate, hospitality, film production, gaming and automobile dealership industries. Prior to forming
The RLJ Companies, in 1980 Mr. Johnson founded Black Entertainment Television (BET) where he served as chief executive officer. In 2001, BET was acquired by Viacom Inc. and Mr. Johnson continued to serve as chief executive officer until
2006. Mr. Johnson was named by USA Today as one of the “25 most influential business leaders of the past 25 years.”
“I am incredibly
proud to have been involved with Elevate’s mission driven work,” said Johnson. “Building brighter futures for credit constrained Americans, especially in communities of color, is crucial and I look forward to watching Elevate continue
to create opportunities and foster financial freedom for the underserved.”
About Elevate
Elevate (NYSE: ELVT) provides online credit solutions to consumers and banks in the United States who are not well-served by traditional bank products and who
seek alternative options to payday loans, title loans, pawn, and storefront installment loans. Elevate, and the banks that rely on its marketing expertise and license its technology services, has originated $8.8 billion in
credit to more than 2.5 million
consumers and has saved its customers more than $7.9 billion versus the cost of payday loans. Its responsible,
tech-enabled online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers’ good financial behavior with features like interest rates that
can decrease over time, free financial training and free credit monitoring. Elevate’s suite of groundbreaking credit brands includes RISE, Elastic and Today Card. For more information, please visit http://www.elevate.com.
Investor Relations:
Solebury Trout
Sloan Bohlen,
Media Inquiries:
James McCusker,
Source: Elevate Credit, Inc.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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