Figure Certificate Co 8-K

What Happened
Figure Certificate Company filed an 8-K on January 23, 2026 announcing that Michael S. Cagney resigned as the Company’s Chief Executive Officer effective January 12, 2026 following the August 2025 reorganization of Figure and its September 2025 IPO. Mr. Cagney will remain on the Company’s board and continue as Chair. On January 13, 2026 the board approved Michael Tannenbaum (age 37) as the Company’s new Chief Executive Officer. The filing also reports that Daniel Grueter resigned as Treasurer effective January 12, 2026 and that Macrina Kgil (age 50) was approved as Treasurer on January 13, 2026.

Key Details

• Resignations effective January 12, 2026: Michael S. Cagney (CEO) and Daniel Grueter (Treasurer); both remain in related roles at the parent following Figure’s reorganization and IPO.
• Appointments effective January 13, 2026: Michael Tannenbaum named CEO (previously CEO of FT Intermediate, Inc.; former Brex and SoFi executive) and Macrina Kgil named Treasurer (previously CFO roles at FT Intermediate, Blockchain.com and others).
• Employment terms: Both new hires are “at will”; compensation will follow the plans disclosed in Figure’s most recent Form S-1 and they will not receive additional pay for these Company roles.
• Corporate governance notes: Mr. Cagney remains a director and Chair; no family relationships or related‑person transactions were reported for the new appointees.

Why It Matters
Leadership changes at the CEO and Treasurer levels are material for investors because they can affect strategy execution, financial oversight and investor confidence. The filing signals continuity in oversight (Cagney remains Chair and Grueter stays on as Figure’s Deputy CFO) while operational leadership shifts to executives with experience at fintech firms. Compensation and employment are governed by existing S-1 disclosed plans and are at‑will, which are concrete facts investors can use when assessing management stability and governance.