8-K filed August 2, 2021, 7:59 PM ET ticker STGW CIK 0000876883

M&A confidence high sentiment positive materiality 0.85

Stagwell Marketing Group and MDC Partners combine to form Stagwell Inc.

Stagwell Inc

Stagwell Marketing Group and MDC Partners complete combination, creating top 10 global marketing services firm.
Trades on Nasdaq under STGW starting Aug 3; Mark Penn remains CEO; targets $3B revenue by 2025.
Pro forma 2021 revenue guidance $2.135B–$2.180B; Adj. EBITDA $372M–$387M including $30M synergies.
Board set at 8 directors; Jay Leveton named President, Ryan Greene COO; prior CEO David Ross exited.
New $500M senior secured revolving credit facility with 5-year maturity executed on closing.

item 1.01 item 1.02 item 2.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Asha Daniere

Director

STGW · Stagwell Inc

Effective: 2021-08-02
Filed: August 2, 2021, 7:59 PM ET

Asha Daniere delivered an executed letter resigning as a member of the Board of Directors (the “ Board ”) of the Company effective as of the Closing Date.

Appointed

Jay Leveton

President

STGW · Stagwell Inc

Effective: 2021-08-02
Filed: August 2, 2021, 7:59 PM ET

Jay Leveton, a Partner of Stagwell, became the President of the Company

Departed

David Ross

Other Named Officer

STGW · Stagwell Inc

Effective: 2021-08-02
Filed: August 2, 2021, 7:59 PM ET

David Ross has ceased to be an officer of the Company.

Appointed

Ryan Greene

Chief Operating Officer

STGW · Stagwell Inc

Effective: 2021-08-02
Filed: August 2, 2021, 7:59 PM ET

Ryan Greene, the Chief Financial Officer of Stagwell, became the Chief Operating Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Asha Daniere resigned as Director at Stagwell Inc.

Action: resigned
Role: Director

Exact text from the filing

Asha Daniere delivered an executed letter resigning as a member of the Board of Directors (the “ Board ”) of the Company effective as of the Closing Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay Leveton was appointed as President at Stagwell Inc.

Action: appointed
Role: President

Exact text from the filing

Jay Leveton, a Partner of Stagwell, became the President of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.85

David Ross departed as other_named_officer at Stagwell Inc.

Action: ceased

Exact text from the filing

David Ross has ceased to be an officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ryan Greene was appointed as Chief Operating Officer at Stagwell Inc.

Action: appointed
Role: Chief Operating Officer

Exact text from the filing

Ryan Greene, the Chief Financial Officer of Stagwell, became the Chief Operating Officer of the Company.

View on SEC.gov

Stagwell Inc filing history →

Source: SEC EDGAR

accession 0001104659-21-098992

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