Olo CRO Diego Panama departs Dec 31, 2024; advisory through Mar 2025 for $45,833/month plus vesting

Olo Inc.

Diego Panama ceased as CRO on Dec 31, 2024; will provide advisory services through Mar 31, 2025.
Advisor fee of $45,833/month, prorated bonus based on 2024 structure (ex-commissions), and COBRA premium payments.
RSUs and performance-based RSUs continue vesting through March 31, 2025 under applicable award agreements.
Starting April 1, 2025, severance per Section 5.2(vi) of his Employment Agreement will be paid.
Advisor Agreement and Separation Agreement signed Jan 21, 2025; to be filed as exhibits to the 10-K.

item 5.02

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Departed

Diego Panama

Chief Revenue Officer

Olo Inc.

Effective: 2024-12-31
Filed: January 21, 2025, 6:59 PM ET

As previously announced, on November 1, 2024, Olo Inc. (the “Company”) and Mr. Diego Panama, the Company’s Chief Revenue Officer, mutually agreed that he would depart the Company on December 31, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Diego Panama departed as Chief Revenue Officer at Olo Inc..

Action: departed
Role: Chief Revenue Officer

Exact text from the filing

As previously announced, on November 1, 2024, Olo Inc. (the “Company”) and Mr. Diego Panama, the Company’s Chief Revenue Officer, mutually agreed that he would depart the Company on December 31, 2024.

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Source: SEC EDGAR

accession 0001140361-25-001532

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