secwatch.observer — SEC 8-K summary
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Issuer:     Cineverse Corp. (CNVS)
CIK:        0001173204
Form:       8-K
Filed at:   2025-05-07T23:59:59+00:00
Accession:  0000950170-25-065892
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cineverse enters new employment agreements with CEO McGurk, President Opeka, CLO Loffredo
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173204/000095017025065892/0000950170-25-065892-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173204/000095017025065892/cnvs-20250501.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-065892

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