Match Group names Spencer Rascoff CEO; Bernard Kim departs by mutual agreement

Match Group, Inc.

Spencer Rascoff appointed CEO effective Feb 4, 2025; Bernard Kim resigned as CEO and director by mutual agreement.
Annual base salary $800k; target cash bonus 200% ($1.6M); equity grants: $7.2M RSUs, $10.8M PSUs (relative TSR), $30M Value Creation Award (stock price hurdles $40/$50/$60).
RSUs vest 1/3 at first anniversary then quarterly; PSUs vest on third anniversary; Value Creation Award vests 50% upon stock price hurdle, 50% after 3 years.
Severance: 12 months base salary continuation, target bonus (1.5x if within 1 yr of change in control), continued healthcare, equity acceleration per terms.
Rascoff co-founded Zillow and served as its CEO for 10 years; also co-founded Hotwire and Pacaso; visiting professor at Harvard.

item 5.02 item 9.01

Executive movements

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Appointed

Spencer Rascoff

Chief Executive Officer

MTCH · Match Group, Inc.

Effective: 2025-02-04
Filed: February 4, 2025, 6:59 PM ET

appointed Spencer Rascoff as the Company’s Chief Executive Officer, effective February 4, 2025

Departed

Bernard Kim

Chief Executive Officer and Director

MTCH · Match Group, Inc.

Effective: 2025-02-04
Successor: Spencer Rascoff
Filed: February 4, 2025, 6:59 PM ET

who by mutual agreement with the Board has resigned his positions as Chief Executive Officer and a director of the Company, effective on the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Spencer Rascoff was appointed as Chief Executive Officer at Match Group, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Spencer Rascoff as the Company’s Chief Executive Officer, effective February 4, 2025

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bernard Kim resigned as Chief Executive Officer and Director at Match Group, Inc..

Action: resigned
Role: Chief Executive Officer and Director

Exact text from the filing

who by mutual agreement with the Board has resigned his positions as Chief Executive Officer and a director of the Company, effective on the Effective Date.

View on SEC.gov

Match Group, Inc. filing history →

Source: SEC EDGAR

accession 0000898822-25-000002

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