secwatch.observer — SEC 8-K summary
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Issuer:     Match Group, Inc. (MTCH)
CIK:        0000891103
Form:       8-K
Filed at:   2025-02-04T23:59:59+00:00
Accession:  0000898822-25-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891103/000089882225000002/0000898822-25-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891103/000089882225000002/mtch8k020325.htm
  HTML page:      https://secwatch.observer/filing/0000898822-25-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer