secwatch.observer — SEC 8-K summary
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Issuer:     Direct Digital Holdings, Inc. (DRCT)
CIK:        0001880613
Form:       8-K
Filed at:   2023-06-06T23:59:59+00:00
Accession:  0001104659-23-068267
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Direct Digital Holdings CFO Leaves; Diana P. Diaz Named Interim CFO
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- CFO Susan Echard separated effective June 5, 2023; severance of 12 months base salary plus accrued benefits conditioned on release.
- Diana P. Diaz appointed interim CFO; previously CAO at Sharps Compliance and CFO at University General Hospital.
- Company entered Early Opt-in Agreement converting LIBOR-based rate under 2021 Credit Facility to Term SOFR with credit spread adjustments.
- The amendment sets Benchmark Replacement spreads: 0.10% (1-month), 0.15% (3-month), 0.25% (6-month).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880613/000110465923068267/0001104659-23-068267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880613/000110465923068267/tm2317854d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-068267

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