secwatch.observer — SEC 8-K summary
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Issuer:     Olo Inc. (—)
CIK:        0001431695
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0001140361-25-001532
Event type: leadership
Sentiment:  negative
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1431695/000114036125001532/0001140361-25-001532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1431695/000114036125001532/ef20041914_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-25-001532

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