---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-251935"
form_type: "8-K"
ticker: null
cik: "0001850266"
company_name: "Akili, Inc."
filed_at: "2023-10-06T23:59:59+00:00"
generated_at: "2026-06-10T03:37:00.666499+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Akili CEO Martucci steps down to Board Chair; COO Matt Franklin appointed CEO

## Summary
- Co-founder Eddie Martucci transitions from CEO to Board Chair; Matt Franklin named President and CEO effective Oct 5, 2023.
- Franklin will receive $550K annual base salary, 60% target bonus, and stock option for 1,057,180 shares.
- Prior Board Chair Chamath Palihapitiya resigned Oct 4, 2023; resignation not due to any disagreement.
- Leadership change follows Akili's September plan to shift from prescription to non-prescription business model.

## SEC filing metadata
- accession: 0001193125-23-251935
- form_type: 8-K
- cik: 0001850266
- company_name: Akili, Inc.
- filed_at: 2023-10-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1850266/000119312523251935/0001193125-23-251935-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1850266/000119312523251935/d852809d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-251935
- JSON: https://secwatch.observer/filing/0001193125-23-251935.json
- Plain text: https://secwatch.observer/filing/0001193125-23-251935.txt

## Key facts
- Executive change
  Matthew Franklin was appointed as President and Chief Executive Officer at Akili, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: the appointment of Matthew Franklin, the Company’s President and Chief Operating Officer, to President and Chief Executive Officer and principal executive officer of the Company, effective as of the Transition Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850266/000119312523251935/0001193125-23-251935-index.htm
- Executive change
  Chamath Palihapitiya resigned as Chair of the Board at Akili, Inc..
  - Action: resigned
  - Role: Chair of the Board
  source text: Mr. Palihapitiya informed the Board of his resignation, effective immediately, on October 4, 2023 and his resignation was not due to any disagreement with the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850266/000119312523251935/0001193125-23-251935-index.htm
- Executive change
  W. Edward Martucci II was appointed as Chair of the Board at Akili, Inc..
  - Action: appointed
  - Role: Chair of the Board
  source text: approved a leadership transition of W. Edward Martucci II, Ph.D., one of the Company’s co-founders, from Chief Executive Officer of the Company to Chair of the Board and an advisor to the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850266/000119312523251935/0001193125-23-251935-index.htm
- Executive change
  Matthew Franklin was elected as Director at Akili, Inc..
  - Action: elected
  - Role: Director
  source text: On the Transition Date, the Board also elected Mr. Franklin as a member of the Board, effective as of the Transition Date, filling the director vacancy resulting from Chamath Palihapitiya’s resignation from the Board (and from his role as Chair of the Board).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1850266/000119312523251935/0001193125-23-251935-index.htm

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