Form 8-K
8-K — Enova International, Inc.
Accession: 0001193125-26-424282
Filed: 2026-10-16
Period: 2026-10-16
CIK: 0001529864
SIC: 6141 (PERSONAL CREDIT INSTITUTIONS)
Item: Entry into a Material Definitive Agreement
Item: Termination of a Material Definitive Agreement
Item: Financial Statements and Exhibits
Documents
8-K — enva-20261016.htm (Primary)
EX-10.1 (enva-ex10_1.htm)
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8-K
8-K (Primary)
Filename: enva-20261016.htm · Sequence: 1
8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 16, 2026
ENOVA INTERNATIONAL, INC.
(Exact name of Registrant as Specified in Its Charter)
Delaware
1-35503
45-3190813
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
175 West Jackson Boulevard
Chicago, Illinois
60604
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s Telephone Number, Including Area Code: 312 568-4200
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, $.00001 par value per share
ENVA
New York Stock Exchange LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
The information set forth in Item 1.02 of this Current Report on Form 8-K is incorporated herein by reference.
Item 1.02 Termination of a Material Definitive Agreement.
As previously disclosed, on December 10, 2025, Enova International, Inc. (the “Company”) entered into the Agreement and Plan of Merger, as amended on December 18, 2025 (as amended, the “Merger Agreement”), by and between the Company and Grasshopper Bancorp, Inc. (“Grasshopper”), a Delaware corporation and the parent holding company of Grasshopper Bank N.A. (“Grasshopper Bank”), a national bank and wholly-owned subsidiary of Grasshopper, pursuant to which, and subject to the terms and conditions therein, (i) Grasshopper was to merge with and into the Company (the “Merger”), and (ii) immediately following the Merger, an interim national bank and wholly-owned subsidiary of the Company was to merge with and into Grasshopper Bank.
On October 16, 2026, the Company and Grasshopper entered into the Mutual Termination Agreement and Release (the “Termination Agreement”) pursuant to which the parties agreed to mutually terminate the Merger Agreement effective as of such date. Under the terms of the Termination Agreement, the Company made a $4,000,000 cash payment to Grasshopper. Neither party will pay any other fees or have any other liabilities to each other related to the Merger Agreement.
The foregoing summary of the Merger Agreement and the Termination Agreement is not complete and is qualified in its entirety by reference to the complete text of the Merger Agreement, which is contained in Annex A to the proxy statement/prospectus included in the Registration Statement on Form S-4 (File No. 333-292287) filed with the U.S. Securities and Exchange Commission (the “SEC”) on December 19, 2025, and amended on December 29, 2025, and the complete text of the Termination Agreement, which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
10.1*
Mutual Termination Agreement and Release, dated as of October 16, 2026, by and between Enova International, Inc. and Grasshopper Bancorp, Inc.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
* Certain schedules and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby agrees to furnish a copy of any omitted schedule or similar attachment to the SEC upon request.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Enova International, Inc.
Date:
October 16, 2026
By:
/s/ Sean Rahilly
Sean Rahilly
General Counsel & Secretary
EX-10.1
EX-10.1
Filename: enva-ex10_1.htm · Sequence: 2
EX-10.1
Exhibit 10.1
Execution Version
MUTUAL TERMINATION AGREEMENT AND RELEASE
This MUTUAL TERMINATION AGREEMENT AND RELEASE (this “Agreement”), dated October 16, 2026, is entered into by and between Enova International, Inc. (“Enova”), a Delaware corporation, and Grasshopper Bancorp, Inc. (“Grasshopper”), a Delaware corporation.
WHEREAS, Enova and Grasshopper have entered into that certain Agreement and Plan of Merger, dated as of December 10, 2025 (as amended on December 18, 2025, the “Merger Agreement”). Any capitalized term used but not otherwise defined herein shall have the meaning set forth in the Merger Agreement.
WHEREAS, Section 9.1(a) of the Merger Agreement provides that the Merger Agreement may be terminated at any time prior to the Effective Time by mutual written agreement of Enova and Grasshopper.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, and intending to be legally bound hereby, the Parties agree as follows:
1.
The Parties hereby mutually terminate the Merger Agreement, effective as of the receipt by Grasshopper of the payment identified in Paragraph 2.
2.
Within one (1) business day of the execution of this Agreement, Enova shall pay to Grasshopper a payment in the amount of $4,000,000 in cash by wire transfer of immediately available funds to the account of Grasshopper set forth on Exhibit A hereto.
3.
The Parties agree that the Merger Agreement, and any and all obligations thereunder, are hereby and forthwith terminated, void and without effect, and, subject to Section 7 hereof, and notwithstanding anything in the Merger Agreement (including Section 9.2 thereof) to the contrary, none of the Parties, any of their respective Affiliates or any of the Representatives of any of them shall have any Liability whatsoever under the Merger Agreement or in connection with the transactions contemplated by the Merger Agreement or the termination thereof, except that Section 7.5(c) of the Merger Agreement, Article 10 of the Merger Agreement and the Confidentiality Agreement shall survive such termination of the Merger Agreement.
4.
Enova, on behalf of itself and its Affiliates and its and their respective Representatives, hereby releases, waives, discharges and agrees not to assert, any and all claims or causes of action of any kind (including claims for equitable relief, damages, attorneys’ fees, costs, administrative remedies, claims attributing any fault, blame or responsibility or any other legal responsibilities or obligations of any type or nature), whether known or unknown, asserted or unasserted, suspected or unsuspected, liquidated or unliquidated, absolute or contingent, which any of them has or may have against Grasshopper, any of its Affiliates or any of its or their Representatives arising out of or related to the Merger Agreement, the transactions contemplated by the Merger Agreement or the termination of the Merger Agreement.
5.
Grasshopper, on behalf of itself and its Affiliates and its and their respective equityholders and Representatives, hereby releases, waives, discharges and agrees not to assert, any and all claims or causes of action of any kind (including claims for equitable relief, damages, attorneys’ fees, costs, administrative remedies, claims attributing any fault, blame or responsibility or any other legal responsibilities or obligations of any type or nature), whether known or unknown, asserted or unasserted, suspected or unsuspected, liquidated or unliquidated, absolute or contingent, which any of them has or may
have against Enova, any of its Affiliates or any of its or their Representatives arising out of or related to the Merger Agreement, the transactions contemplated by the Merger Agreement or the termination of the Merger Agreement.
6.
Enova and Grasshopper further acknowledge and agree that, effective as of the execution of this Agreement, they shall be deemed to have waived, relinquished, and released any and all provisions, rights and benefits conferred by or under any law of the United States or any state of the United States or territory of the United States, or any other jurisdiction, domestic or foreign, or principle of common law, which is similar, comparable, or equivalent to Cal. Civ. Code § 1542, which provides:
A general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party.
7.
Notwithstanding the foregoing releases, no party releases any rights or claims against any other party to enforce the terms of this Agreement.
8.
The Parties agree not to, and to direct their Affiliates and Representatives not to, make, publish, or communicate, to the media or in any public forum, any defamatory or disparaging remarks, comments, or statements concerning the other Party; provided, however, that nothing herein shall prevent any Party from making statements necessary in connection with the assertion or defense of claims against a third party unaffiliated with the Parties to this Agreement or as required by applicable Law.
9.
Enova shall file a Form 8-K with the SEC disclosing the termination of the Merger Agreement pursuant to this Agreement, with the disclosure substantially in the form on Exhibit B, on October 16, 2026 attaching this Agreement. Thereafter, neither Party nor any of their Affiliates or Representatives shall make any public statements regarding the transactions contemplated by the Merger Agreement or the termination of the Merger Agreement, except for (a) statements that are consistent with those set forth in such Form 8-K or made publicly by the parties prior to the date hereof in compliance with the Merger Agreement, (b) disclosures as required by applicable Law or securities exchange to which the relevant Party is subject, or (c) making any public disclosure in response to questions from the press, analysts, investors or those attending industry conferences, making internal announcements to employees or making disclosures in any documents filed with or furnished to the SEC, to the extent that such statements are consistent with previous public disclosures made by the Parties and otherwise in compliance with this Section 9.
10.
Each Party hereby represents and warrants to the other Party that (a) such Party has full corporate power and authority to execute and deliver this Agreement, (b) the execution and delivery of this Agreement, the termination of the Merger Agreement and consummation of the other transactions contemplated hereby have been duly and validly approved by such Party, (c) no other corporate proceedings on the part of such Party are necessary to approve this Agreement or the termination of the Merger Agreement or to consummate the other transactions contemplated hereby, and (d) this Agreement has been duly and validly executed and delivered by such Party (assuming due authorization, execution and delivery by the other Party) and constitutes a valid and binding obligation of such Party, enforceable against such Party in accordance with its terms (except in all cases as such enforceability may be limited by the Bankruptcy and Equity Exceptions).
11.
This Agreement may not be amended except by an instrument in writing signed on behalf of each of the Parties.
12.
This Agreement (including the documents and instruments referred to herein) is not intended to confer upon any Person other than the Parties any rights or remedies hereunder.
13.
This Agreement together with the Confidentiality Agreement constitute the entire agreement among the Parties and supersedes all prior agreements and understandings, both written and oral, among the Parties with respect to the subject matter hereof.
14.
Sections 10.3 (Expenses), 10.7 (Assignment), 10.8 (Notices), 10.9 (Governing Law; Jurisdiction; Waiver of Jury Trial), 10.10 (Counterparts; Signatures); 10.11 (Interpretation), 10.11 (Interpretation); 10.12 (Enforcement of Agreement) and 10.13 (Severability) of the Merger Agreement are hereby incorporated into this Agreement by reference, and shall apply hereto as though set forth herein, mutatis mutandis.
[Signature Page Follows]
IN WITNESS WHEREOF, each of the parties has caused this Agreement to be executed on its behalf by its duly authorized officers as of the day and year first above written.
ENOVA INTERNATIONAL, INC.
By: /s/ Scott Cornelis
Name: Scott Cornelis
Title: Chief Financial Officer
GRASSHOPPER BANCORP, INC.
By: /s/ Michael Butler
Name: Michael Butler
Title: CEO/President
[Signature Page to Mutual Termination Agreement]
Exhibit A
[Wire Instructions]
Exhibit B
[Form 8-K Disclosure]
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