SoFi Technologies, Inc. 8-K

What Happened
SoFi Technologies, Inc. announced that Stephen Simcock retired as the company's General Counsel effective December 31, 2025. The company and Mr. Simcock agreed he will serve as an advisor providing transitional services from January 5, 2026 through December 31, 2026. The arrangement is documented in an Advisor Agreement dated January 5, 2026; SoFi expects to file a copy of that agreement with its Form 10-K for the year ended December 31, 2025. The 8-K was filed on January 9, 2026.

Key Details

• Retirement effective date: December 31, 2025 (General Counsel Stephen Simcock).
• Advisory period: January 5, 2026 through December 31, 2026.
• Cash compensation: $83,333.33 per month (totaling roughly $1.0 million over 12 months).
• Additional benefit: company-paid COBRA health coverage subsidies.
• Advisor Agreement dated January 5, 2026; copy expected to be filed with the company’s 2025 Form 10-K.

Why It Matters
This filing reports an executive change (Item 5.02) and a transitional advisory arrangement intended to provide continuity in legal support. The direct cash cost to SoFi is identifiable (about $83.3k per month, ~ $1M total) and will affect operating expenses during 2026. Investors should watch the upcoming Form 10-K for the Advisor Agreement details and for any disclosures about successor legal leadership or further governance changes.