secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K
Filed at:   2021-12-01T23:59:59+00:00
Accession:  0001490281-21-000128
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Groupon appoints Kedar Deshpande as CEO, effective Dec. 10, 2021
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- Kedar Deshpande, former Zappos CEO, appointed Groupon CEO and board member, effective Dec. 10.
- Aaron Cooper, interim CEO, steps down and will assist transition until at least Dec. 10.
- Deshpande receives $700k base salary, $1M sign-on cash bonus, and $16.5M in RSUs vesting quarterly over 3 years.
- Severance agreement includes 12 months salary and COBRA, accelerated equity vesting upon termination without cause or change in control.
- Dane Drobny, Chief Admin Officer, receives $1M cash retention bonus and $2.91M in RSUs vesting over 3 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000149028121000128/0001490281-21-000128-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000149028121000128/grpn-20211129.htm
  HTML page:      https://secwatch.observer/filing/0001490281-21-000128

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