secwatch.observer — SEC 8-K summary
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Issuer:     Match Group, Inc. (MTCH)
CIK:        0000891103
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0000950103-22-007849
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Match Group CEO Shar Dubey steps down; Bernard Kim (ex-Zynga) named CEO effective May 31
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- Bernard Kim, former President of Zynga, becomes CEO of Match Group effective May 31, 2022, and joins the Board.
- Shar Dubey resigns as officer but remains on Board as director and advisor focusing on product and strategy.
- Kim's employment agreement includes $1M base salary, $7M RSUs, $9M PSUs (target), and eligibility for $12M target equity in 2023.
- Kim helped quadruple Zynga's market cap leading to Take-Two's $12.7B acquisition.
- Dubey's departure was not due to any disagreement with Match Group's operations or policies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891103/000095010322007849/0000950103-22-007849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891103/000095010322007849/dp172390_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-007849

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