---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-063076"
form_type: "8-K"
ticker: "SST"
cik: "0001805833"
company_name: "System1, Inc."
filed_at: "2022-03-02T23:59:59+00:00"
generated_at: "2026-06-27T02:31:51.827633+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# System1 appoints PwC as auditor, expands board to 9 with John Civantos

## Summary
- Appointed PricewaterhouseCoopers as independent auditor for FY2022, replacing Marcum LLP.
- Marcum's report included a going concern paragraph; prior material weaknesses led to restatement of 2020 financials.
- Board expanded from 8 to 9 directors; appointed John Civantos, former Co-Head of Private Capital Group at MSD Partners.
- Approved 2021 cash bonuses: CFO Tridivesh Kidambi $75,000, CTO Jennifer Robinson $74,839.
- Adopted Non-Employee Director Compensation Program with RSU grants: $180,000 annual plus committee awards.

## SEC filing metadata
- accession: 0001193125-22-063076
- form_type: 8-K
- ticker: SST
- cik: 0001805833
- company_name: System1, Inc.
- filed_at: 2022-03-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 4.01, 5.02, 5.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805833/000119312522063076/0001193125-22-063076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805833/000119312522063076/d656743d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-063076
- JSON: https://secwatch.observer/filing/0001193125-22-063076.json
- Plain text: https://secwatch.observer/filing/0001193125-22-063076.txt

## Key facts
- Executive change
  John Civantos was appointed as Director at System1, Inc..
  - Action: appointed
  - Role: Director
  source text: the Board, effective February 25, 2022, appointed John Civantos as the ninth (9 th ) director of the Company to fill the vacancy on the Board created by the expansion of the Board described above.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805833/000119312522063076/0001193125-22-063076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.