secwatch / observer
8-K filed June 6, 2023, 7:59 PM ET ticker DRCT CIK 0001880613
leadership confidence high sentiment negative materiality 0.70

Direct Digital Holdings CFO Leaves; Diana P. Diaz Named Interim CFO

Direct Digital Holdings, Inc.

item 1.01item 5.02item 9.01

Executive movements

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

Appointed (interim)

Diana P. Diaz

interim Chief Financial Officer
DRCT · Direct Digital Holdings, Inc.
Effective
2023-06-05
Filed
June 6, 2023, 7:59 PM ET
the Board of Directors (the “ Board ”) of the Company appointed Diana P. Diaz as interim Chief Financial Officer.
Departed

Susan Echard

Chief Financial Officer
DRCT · Direct Digital Holdings, Inc.
Effective
2023-06-05
Successor
Diana P. Diaz
Filed
June 6, 2023, 7:59 PM ET
On June 5, 2023, the Company announced that Susan Echard, the Company’s Chief Financial Officer, has separated from the Company, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Diana P. Diaz was appointed as interim Chief Financial Officer at Direct Digital Holdings, Inc..

Action
appointed
Role
interim Chief Financial Officer
Exact text from the filing
the Board of Directors (the “ Board ”) of the Company appointed Diana P. Diaz as interim Chief Financial Officer.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Susan Echard departed as Chief Financial Officer at Direct Digital Holdings, Inc..

Action
separated
Role
Chief Financial Officer
Exact text from the filing
On June 5, 2023, the Company announced that Susan Echard, the Company’s Chief Financial Officer, has separated from the Company, effective immediately.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Direct Digital Holdings, Inc. amended Early Opt-in Agreement with Lafayette Square Loan Servicing, LLC and Lafayette Square USA, Inc. (effective 2023-06-01).

Action
amendment
Agreement
credit facility
Counterparty
Lafayette Square Loan Servicing, LLC and Lafayette Square USA, Inc.
Effective
2023-06-01
Exact text from the filing
On June 1, 2023, Direct Digital Holdings, Inc. (the “ Company ”), Direct Digital Holdings, LLC (“ DDH LLC ”), Huddled Masses LLC (“ HM ”), Colossus Media, LLC (“ Colossus ”) and Orange142, LLC (“ Orange ”) entered into an early opt-in election agreement (the “ Early Opt-in Agreement ”) with Lafayette Square Loan Servicing, LLC (“ Lafayette Square ”) and Lafayette Square USA, Inc., which converts the existing LIBOR-based rate under the Term Loan and Security Agreement, dated December 3, 2021 (as amended, the “ 2021 Credit Facility ”) among DDH LLC, as borrower, the Company, HM, Colossus, and Orange, as guarantors, and Lafayette Square, as administrative agent, and the various lenders thereto, to a Term SOFR Rate with a credit spread of 0.15% per annum for interest periods of three months.
View on SEC.gov

282 material agreements filed in the last 30 days. Browse all material agreements →

Direct Digital Holdings, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-23-068267
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