secwatch.observer — SEC 8-K summary
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Issuer:     Akili, Inc. (—)
CIK:        0001850266
Form:       8-K
Filed at:   2023-10-06T23:59:59+00:00
Accession:  0001193125-23-251935
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1850266/000119312523251935/0001193125-23-251935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1850266/000119312523251935/d852809d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-251935

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