<SEC-DOCUMENT>0001140361-22-029282.txt : 20220811
<SEC-HEADER>0001140361-22-029282.hdr.sgml : 20220811
<ACCEPTANCE-DATETIME>20220811170525
ACCESSION NUMBER:		0001140361-22-029282
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220811
FILED AS OF DATE:		20220811
DATE AS OF CHANGE:		20220811

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pagaya Technologies Ltd.
		CENTRAL INDEX KEY:			0001883085
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41430
		FILM NUMBER:		221156830

	BUSINESS ADDRESS:	
		STREET 1:		AZRIELI SARONA BLDG, 54TH FLOOR
		STREET 2:		DERECH MENACHEM BEGIN 121
		CITY:			TEL-AVIV
		STATE:			L3
		ZIP:			000000
		BUSINESS PHONE:		(646) 710-7714

	MAIL ADDRESS:	
		STREET 1:		AZRIELI SARONA BLDG, 54TH FLOOR
		STREET 2:		DERECH MENACHEM BEGIN 121
		CITY:			TEL-AVIV
		STATE:			L3
		ZIP:			000000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ny20004893x3_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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      <hr style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; margin-left: auto; margin-right: auto;" align="center">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
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    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">PURSUANT TO SECTION 13A-16 OR 15D-16</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
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    <div style="text-align: center; font-weight: bold;">For the month of August 2022</div>
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    <div style="text-align: center; font-weight: bold;">Commission File Number: 001-41430</div>
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    <div style="text-align: center; font-size: 24pt; font-weight: bold;">Pagaya Technologies Ltd.</div>
    <div style="text-align: center; font-weight: bold;">(Exact Name of Registrant as Specified in Its Charter)</div>
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    <div>
      <div style="text-align: center; font-weight: bold;">Azrieli Sarona Bldg, 54th Floor</div>
      <div style="text-align: center; font-weight: bold;">121 Derech Menachem Begin</div>
      <div style="text-align: center; font-weight: bold;">Tel-Aviv 6701203, Israel</div>
      <div style="text-align: center; font-weight: bold;">+972 (3) 715 0920</div>
      <div style="text-align: center; font-weight: bold;">(Address of principal executive offices)</div>
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    <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div><br>
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    <div style="text-align: center;">Form 20-F &#9746; Form 40-F &#9744;</div>
    <div><br>
    </div>
    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): &#9744;</div>
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    </div>
    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font>
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    <div style="text-align: center; font-weight: bold;">CONTENTS</div>
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    <div style="font-style: italic; font-weight: bold;">Changes to the Company&#8217;s Board of Directors</div>
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    <div style="text-align: justify;">Effective as of August 10, 2022, Mr. Kevin Stein (&#8220;<u>Mr. Stein</u>&#8221;) has been appointed by Pagaya Technologies Ltd.&#8217;s board of directors (the &#8220;<u>Board</u>&#8221;) to serve as an independent director of the Company to fill
      the vacancy created by the resignation of Emanuel J. Friedman (&#8220;<u>Mr. Friedman</u>&#8221;), effective the same day.&#160; The appointment of Mr. Stein, the former CEO of EJF Acquisition Corp. (&#8220;<u>EJFA</u>&#8221;), was recommended by the Nominating and Corporate
      Governance Committee of the Company, as well as Mr. Friedman, the former Chairperson of EJFA.&#160; The Board has determined that Mr. Stein satisfies the &#8220;independence&#8221; requirements of Section 5605(a)(2) of the Nasdaq Listing Rules.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Mr. Friedman, age 76, advised that his resignation is due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company.&#160; In
      his resignation letter to the Company, Mr. Friedman wrote:</div>
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          <td style="width: 80%; vertical-align: top;">
            <div style="text-align: justify;">I have for personal reasons made the decision to resign effective August 10, 2022 from the Board of Pagaya Technologies Ltd.&#160; The obligations are challenging to fulfill due to personal circumstances.&#160; To
              succeed me on the Board for the remainder of my term, I would recommend Kevin Stein, previous chief executive officer of EJFA.&#160; This recommendation stems from his public company experience, experience in the finance industry, strong
              relationships with management and understanding of the company.&#160; I have high regard and respect for you and the management team and wish you every success in the future.</div>
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          <td style="width: 9.57%; vertical-align: top;">&#160;</td>
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    <div style="text-align: justify;">Mr. Stein, age 60, currently serves on the boards of Dime Community Bancshares, Inc. (Nasdaq: DCOM), where he serves as Audit Committee Chairman, and Ocwen Financial Corp. (NYSE: OCN), where he serves as Risk and
      Compliance Committee Chairman.&#160; He was previously Chief Executive Officer and a director of EJFA and a Senior Managing Director of EJF Capital LLC until June 2022. Prior to joining EJF Capital, Mr. Stein served as Chief Executive Officer of
      Resolution Analytica Corp., a buyer of commercial judgments, since co-founding the business in 2017 with KCK US, Inc., a family-controlled private equity firm. Mr. Stein was previously a Managing Director in the Financial Institutions Group of
      Barclays until 2016.&#160; Prior to joining Barclays in 2011, Mr. Stein served as a Partner and Depositories Group Head at FBR &amp; Co., as an executive of GreenPoint Financial Corporation, a bank holding company, and as an Associate Director of the
      Federal Deposit Insurance Corporation. Mr. Stein also served as a director of PHH&#160; Corporation from June 2017 until its acquisition by Ocwen in October 2018.&#160; Mr. Stein is&#160; Audit Committee Chairman and has served since 1996 as a Director of Bedford
      Stuyvesant Restoration Corporation. Mr. Stein received his undergraduate degree from Syracuse University and his Master of Business Administration from Carnegie Mellon University.</div>
    <div><br>
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    <div style="text-align: justify;">There are no family relationships between Mr. Stein and any director or executive officer of the Company.&#160; There are no related party transactions between the Company and Mr. Stein disclosable under Item 404 of
      Regulation S-K.&#160; To the best of the Company&#8217;s knowledge, there is no understanding or arrangement between Mr. Stein and any other person pursuant to which he was appointed as an independent director.</div>
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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
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    <div style="text-align: justify; text-indent: 18pt;">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, thereunto duly authorized.</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <div style="font-weight: bold;">PAGAYA TECHNOLOGIES LTD.</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
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            <div>By:</div>
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          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>/s/ Gal Krubiner</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">
            <div>Name:</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div>Gal Krubiner</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">
            <div>Title:</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div>Chief Executive Officer</div>
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        </tr>

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    <div style="text-align: justify;">Date: August 11, 2022
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