secwatch.observer — SEC 8-K summary
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Issuer:     Xponential Fitness, Inc. (XPOF)
CIK:        0001802156
Form:       8-K
Filed at:   2024-06-17T23:59:59+00:00
Accession:  0001193125-24-162076
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802156/000119312524162076/0001193125-24-162076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802156/000119312524162076/d803435d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-162076

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