Party City CEO Brad Weston resigns; Sean Thompson named President and Interim CEO

Party City Holdco Inc.

Brad Weston resigned as CEO and board member effective Nov 3, 2023; not due to dispute.
Sean Thompson appointed President, Interim CEO, and to the Board; previously President and CCO.
Weston receives $800,000 lump sum by Dec 31, 2023 under separation agreement including release and non-solicitation.
Thompson has leadership experience from Party City, 7-Eleven, and Target.
No familial relationships or material transactions between Thompson and the Company.

item 5.02

Executive movements

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Departed

Brad Weston

Chief Executive Officer

Party City Holdco Inc.

Effective: 2023-11-03
Successor: Sean Thompson
Filed: November 3, 2023, 7:59 PM ET

Effective November 3, 2023, Mr. Brad Weston resigned from his role as member of the Board of Directors and Chief Executive Officer of Party City Holdco Inc. (the “Company”).

Appointed (interim)

Sean Thompson

President and Interim Chief Executive Officer

Party City Holdco Inc.

Effective: 2023-11-03
Filed: November 3, 2023, 7:59 PM ET

Further, effective on November 3, 2023, Mr. Sean Thompson, age 49, will assume the role of President and Interim Chief Executive Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Brad Weston resigned as Chief Executive Officer at Party City Holdco Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Effective November 3, 2023, Mr. Brad Weston resigned from his role as member of the Board of Directors and Chief Executive Officer of Party City Holdco Inc. (the “Company”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Sean Thompson was appointed as President and Interim Chief Executive Officer at Party City Holdco Inc..

Action: appointed
Role: President and Interim Chief Executive Officer

Exact text from the filing

Further, effective on November 3, 2023, Mr. Sean Thompson, age 49, will assume the role of President and Interim Chief Executive Officer.

View on SEC.gov

Source: SEC EDGAR

accession 0001193125-23-270441

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