On July 19, 2021, MDC Partners Inc. (“MDC” or the “Company”) and David Ross, the Company’s General Counsel and Executive Vice President, mutually agreed to end Mr. Ross’ employment with the Company effective upon the earliest to occur of (i) the consummation of the business combination between the Company and certain subsidiaries of Stagwell Media LP (the “Business Combination”), pursuant to that certain Transaction Agreement, dated as of December 21, 2020 and amended as of June 4, 2021 and July 8, 2021, (ii) the termination of the Transaction Agreement and (iii) August 31, 2021.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
David Ross departed as General Counsel and Executive Vice President at Stagwell Inc.
Action
mutually agreed to end employment
Role
General Counsel and Executive Vice President
Exact text from the filing
On July 19, 2021, MDC Partners Inc. (“MDC” or the “Company”) and David Ross, the Company’s General Counsel and Executive Vice President, mutually agreed to end Mr. Ross’ employment with the Company effective upon the earliest to occur of (i) the consummation of the business combination between the Company and certain subsidiaries of Stagwell Media LP (the “Business Combination”), pursuant to that certain Transaction Agreement, dated as of December 21, 2020 and amended as of June 4, 2021 and July 8, 2021, (ii) the termination of the Transaction Agreement and (iii) August 31, 2021.
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