secwatch.observer — SEC 8-K summary
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Issuer:     TKO Group Holdings, Inc. (TKO)
CIK:        0001973266
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001193125-24-013037
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TKO enters new employment agreement with President/COO Shapiro through 2027
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- Base salary $4M/yr; $4M cash bonus for FY2023; target $6M annual bonus thereafter.
- One-time equity award of 252,749 RSUs ($20M value based on 20-day avg closing price).
- Annual equity target $10M; term expires Dec 31, 2027 with renewal provisions.
- Shapiro continues to provide services to Endeavor Group in his current roles.
- Severance includes base salary through later of Dec 31, 2027 or 2 years post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1973266/000119312524013037/0001193125-24-013037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1973266/000119312524013037/d726120d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-013037

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