WW International appoints Sima Sistani as CEO, effective March 21, 2022
WW INTERNATIONAL, INC.
Sistani, co-founder of Houseparty and former Epic Games exec, replaces Mindy Grossman who departs March 18.
Base salary of $1,236,000; target cash bonus 150% of base; initial equity awards of 325K RSUs and 1.45M options (exercise prices: grant date, $30, $50).
Sistani elected to WW Board as Class III director effective March 21.
Equity grants include 500K options at $30 and 500K at $50, issued as inducement grants under Nasdaq Rule 5635(c)(4).
Severance: two-year base salary continuation, COBRA, and accelerated vesting on 50% of unvested initial equity or next vesting date.
On February 23, 2022, WW International, Inc. (the “Company”) appointed Sima Sistani as Chief Executive Officer and elected her as a Class III director of the Company, effective March 21, 2022
On February 23, 2022, WW International, Inc. (the “Company”) appointed Sima Sistani as Chief Executive Officer and elected her as a Class III director of the Company, effective March 21, 2022
Ms. Sistani will fill the vacancy on the Company’s board of directors (the “Board”) following Mindy Grossman’s resignation from the Board, effective as of the Commencement Date.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Sima Sistani was elected as Class III Director at WW INTERNATIONAL, INC..
Action
elected
Role
Class III Director
Exact text from the filing
On February 23, 2022, WW International, Inc. (the “Company”) appointed Sima Sistani as Chief Executive Officer and elected her as a Class III director of the Company, effective March 21, 2022
Sima Sistani was appointed as Chief Executive Officer at WW INTERNATIONAL, INC..
Action
appointed
Role
Chief Executive Officer
Exact text from the filing
On February 23, 2022, WW International, Inc. (the “Company”) appointed Sima Sistani as Chief Executive Officer and elected her as a Class III director of the Company, effective March 21, 2022
Mindy Grossman resigned as Director at WW INTERNATIONAL, INC..
Action
resigned
Role
Director
Exact text from the filing
Ms. Sistani will fill the vacancy on the Company’s board of directors (the “Board”) following Mindy Grossman’s resignation from the Board, effective as of the Commencement Date.
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