secwatch.observer — SEC 8-K summary
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Issuer:     Xponential Fitness, Inc. (XPOF)
CIK:        0001802156
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001193125-25-175028
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xponential Fitness appoints Mike Nuzzo as CEO, replacing Mark King
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802156/000119312525175028/0001193125-25-175028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802156/000119312525175028/d92478d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-175028

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