Xponential Fitness appoints Mark King as CEO, former Taco Bell CEO

Xponential Fitness, Inc.

Mark King appointed CEO effective June 17, 2024; previously CEO of Taco Bell, President of Adidas North America.
Annual base salary $800K; bonus opportunity up to 100% of base; 2024 bonus tied to $16.00 VWAP target.
RSU grant valued at $3.5M with time and performance vesting (stock price targets $16, $25, $30).
Interim CEO Brenda Morris resumes board roles; receives $43,333 cash and immediate RSUs as special bonus.
Severance: 12 months base salary on qualifying termination; 18 months COBRA if within 12 months of Change in Control.

item 5.02 item 9.01

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Appointed

Mark King

Chief Executive Officer

XPOF · Xponential Fitness, Inc.

Effective: 2024-06-17
Filed: June 17, 2024, 7:59 PM ET

appointed Mr. Mark King, age 64, as Chief Executive Officer of the Company and as a member of the Board.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Mark King was appointed as Chief Executive Officer at Xponential Fitness, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Mr. Mark King, age 64, as Chief Executive Officer of the Company and as a member of the Board.

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Xponential Fitness, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-162076

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