IDW Media finalizes separation agreements with former CEO Grafman ($300K) and former CFO Feinstein ($96.8K)

IDW MEDIA HOLDINGS, INC.

CEO Allan Grafman receives $300,000 separation pay ($75K initial, $225K over 14 bi-weekly installments) and immediate vesting of 26,399 options at $1.77/share.
CFO Brooke Feinstein receives $96,765.68 in 10 bi-weekly installments plus up to $2,205.72/month COBRA reimbursement through Oct 31, 2023.
Separations follow Grafman's removal as CEO (effective May 1, 2023) and Feinstein's as CFO (effective April 27, 2023), previously disclosed.
Both executives signed general releases of claims, including ADEA waiver and non-disparagement obligations.

item 5.02 item 9.01

Executive movements

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Departed

Brooke Feinstein

Chief Financial Officer

IDW MEDIA HOLDINGS, INC.

Filed: May 15, 2023, 7:59 PM ET

In connection with the removal of Brooke Feinstein as Chief Financial Officer of the Company, as previously disclosed in the Prior 8-K, the Company and Ms. Feinstein entered into a Separation and General Release Agreement, dated May 9, 2023 (the “Feinstein Separation Agreement”),

Departed

Allan Grafman

Chief Executive Officer

IDW MEDIA HOLDINGS, INC.

Filed: May 15, 2023, 7:59 PM ET

In connection with the removal of Allan Grafman as Chief Executive Officer of IDW Media Holdings, Inc. (the “Company”), as previously disclosed in a Current Report on Form 8-K filed on April 27, 2023 (the “Prior 8-K”), the Company and Mr. Grafman entered into a Separation and General Release Agreement, dated May 10, 2023 (the “Grafman Separation Agreement”),

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brooke Feinstein was removed as Chief Financial Officer at IDW MEDIA HOLDINGS, INC..

Action: removed
Role: Chief Financial Officer

Exact text from the filing

In connection with the removal of Brooke Feinstein as Chief Financial Officer of the Company, as previously disclosed in the Prior 8-K, the Company and Ms. Feinstein entered into a Separation and General Release Agreement, dated May 9, 2023 (the “Feinstein Separation Agreement”),

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Allan Grafman was removed as Chief Executive Officer at IDW MEDIA HOLDINGS, INC..

Action: removed
Role: Chief Executive Officer

Exact text from the filing

In connection with the removal of Allan Grafman as Chief Executive Officer of IDW Media Holdings, Inc. (the “Company”), as previously disclosed in a Current Report on Form 8-K filed on April 27, 2023 (the “Prior 8-K”), the Company and Mr. Grafman entered into a Separation and General Release Agreement, dated May 10, 2023 (the “Grafman Separation Agreement”),

View on SEC.gov

Source: SEC EDGAR

accession 0001213900-23-039949

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