WW International announces $18M-$22M restructuring; COO Hotchkin departs

WW INTERNATIONAL, INC.

Restructuring plan to simplify structure and reduce costs; estimated charges $18M-$22M, majority in Q2 FY2022.
COO Nicholas P. Hotchkin departs Apr 22, 2022; receives $905,626 severance plus 15 months health coverage.
CFO Amy O'Keefe salary raised to $575K, bonus target 85%, equity target 175% of salary.
Michael Lysaght becomes CTO from CDO; salary $550K, bonus target 65%, equity target 175% of salary.

item 2.05 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Nicholas P. Hotchkin

Chief Operating Officer

WW · WW INTERNATIONAL, INC.

Effective: 2022-04-22
Filed: April 22, 2022, 7:59 PM ET

the elimination of the position of Chief Operating Officer and the departure from the Company of Nicholas P. Hotchkin, Chief Operating Officer, on April 22, 2022

Role change

Michael Lysaght

Chief Technology Officer

WW · WW INTERNATIONAL, INC.

Effective: 2022-04-22
Filed: April 22, 2022, 7:59 PM ET

Michael Lysaght, Chief Digital Officer of the Company, who assumed the role of Chief Technology Officer of the Company on April 22, 2022

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nicholas P. Hotchkin departed as Chief Operating Officer at WW INTERNATIONAL, INC..

Action: departed
Role: Chief Operating Officer

Exact text from the filing

the elimination of the position of Chief Operating Officer and the departure from the Company of Nicholas P. Hotchkin, Chief Operating Officer, on April 22, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Lysaght changed role as Chief Technology Officer at WW INTERNATIONAL, INC..

Action: assumed the role of Chief Technology Officer
Role: Chief Technology Officer

Exact text from the filing

Michael Lysaght, Chief Digital Officer of the Company, who assumed the role of Chief Technology Officer of the Company on April 22, 2022

View on SEC.gov

WW INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-22-115112

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