Xponential Fitness appoints Mike Nuzzo as CEO, replacing Mark King

Xponential Fitness, Inc.

Mike Nuzzo named CEO and Class III director effective August 7, 2025; Mark King resigned as CEO and director.
Nuzzo previously CEO of Eyemart Express, COO/CFO at Petco; over 25 years in consumer retail leadership.
Employment agreement: $800,000 base salary, annual bonus target up to 100% of base, $3.5M RSU grant with time and stock-price vesting hurdles.
RSUs vest over 36 months; 50% time-based, 50% at stock prices of $16, $25, $30 for 20 consecutive trading days.
Severance includes 12 months base salary, COBRA for 12 months (18 months after Change in Control), and prorated equity vesting.

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