WW CEO Sistani departs; board member Comonte appointed interim CEO; FY2024 guidance reaffirmed

WW INTERNATIONAL, INC.

Sistani steps down as CEO and director effective Sept 27; receives severance, transition services, coaching ($37.5k), and legal fees ($50k).
Tara Comonte, board member since June 2023, appointed interim President and CEO effective Sept 27.
Comonte's compensation: $125k/month base salary, $750k bonus (earlier of permanent CEO or six months), $500k RSU vesting monthly over six months.
Board reduced from nine to eight members following Sistani's resignation.
Company reaffirms full-year 2024 guidance for subscribers, revenue, adjusted operating income, and adjusted EBITDAS.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Tara Comonte

Interim President and Chief Executive Officer

WW · WW INTERNATIONAL, INC.

Effective: 2024-09-27
Filed: September 27, 2024, 7:59 PM ET

On September 26, 2024, the Board appointed Tara Comonte as Interim President and Chief Executive Officer, effective September 27, 2024, to serve until a permanent President and Chief Executive Officer is identified.

Departed

Sima Sistani

President and Chief Executive Officer

WW · WW INTERNATIONAL, INC.

Effective: 2024-09-27
Successor: Tara Comonte
Filed: September 27, 2024, 7:59 PM ET

On September 26, 2024, WW International, Inc. (the “Company”) and Sima Sistani, the Company’s President and Chief Executive Officer, mutually agreed that Ms. Sistani would cease serving as the Company’s President and Chief Executive Officer, effective September 27, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tara Comonte was appointed as Interim President and Chief Executive Officer at WW INTERNATIONAL, INC..

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

On September 26, 2024, the Board appointed Tara Comonte as Interim President and Chief Executive Officer, effective September 27, 2024, to serve until a permanent President and Chief Executive Officer is identified.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sima Sistani departed as President and Chief Executive Officer at WW INTERNATIONAL, INC..

Action: ceased serving as
Role: President and Chief Executive Officer

Exact text from the filing

On September 26, 2024, WW International, Inc. (the “Company”) and Sima Sistani, the Company’s President and Chief Executive Officer, mutually agreed that Ms. Sistani would cease serving as the Company’s President and Chief Executive Officer, effective September 27, 2024.

View on SEC.gov

WW INTERNATIONAL, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-227373

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