secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0000950170-23-023463
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cineverse enters new employment agreements with three top executives through 2025
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- Opeka (CSO & President): $475k base, $356k target bonus, 300k PSUs, 1.5M SARs at $0.29.
- Huidor (COO & CTO): $375k base, $225k target bonus, 200k PSUs, 1M SARs at $0.29.
- Loffredo (CLO & Secretary): $460k base, $322k target bonus, 160k PSUs, 800k SARs at $0.29.
- All agreements term through April 30, 2025, with auto-renewal and severance up to 2x base+target on change in control.
- SARs vest over 3 years; immediate vesting on change in control or termination without cause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023023463/0000950170-23-023463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017023023463/cidm-20230515.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-023463

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