secwatch.observer — SEC 8-K summary
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Issuer:     System1, Inc. (SST)
CIK:        0001805833
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001193125-22-063076
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 4.01, 5.02, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805833/000119312522063076/0001193125-22-063076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805833/000119312522063076/d656743d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-063076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer