other material
confidence high
sentiment neutral
materiality 0.40
Cineverse enters new employment agreements with CEO McGurk, President Opeka, CLO Loffredo
Cineverse Corp.
- CEO McGurk: base salary $650K, target bonus $650K, 120K RSUs vesting over 3 years.
- President Opeka: base $475K, target bonus $356,250, 94,550 RSUs.
- CLO Loffredo: base $460K, target bonus $322K, 76,820 RSUs.
- All agreements have 2-yr term through April 2027 with auto-renewal; enhanced severance on change of control.
- McGurk non-CIC severance: greater of 18 months' base or remainder of term plus 1.5x avg bonus.