secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001213900-22-072840
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 1.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO Technologies terminates CEO and COO; appoints new Chairman and interim CEO
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- Jon Sabes and Steven Sabes terminated as CEO and COO effective Nov 14, 2022; Jon Sabes remains on board.
- Bret Barnes appointed Chairman of the Board; Tyler Danielson (CTO) named Interim CEO.
- Company initiated search for permanent CEO; Danielson continues as CTO.
- Mutual termination of Cantor Investor stock purchase agreement (Nov 8) and Meteora forward purchase agreement (Nov 11); Meteora retains 500,000 shares.
- Jon Sabes may be entitled to 36 months base salary severance and accelerated equity vesting; obligations under review.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000121390022072840/0001213900-22-072840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000121390022072840/ea168742-8k_foxotech.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-072840

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