secwatch.observer — SEC 8-K summary
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Issuer:     IDW MEDIA HOLDINGS, INC. (—)
CIK:        0001463833
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001213900-23-039949
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1463833/000121390023039949/0001213900-23-039949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1463833/000121390023039949/ea178630-8k_idwmedia.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-039949

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