secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001490281-24-000069
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Groupon appoints Dusan Senkypl as permanent CEO; grants PSUs tied to stock price hurdles
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- Dusan Senkypl, interim CEO since March 2023, named permanent CEO effective May 1, 2024.
- Senkypl receives $150K base salary, 150% target bonus, and 1,393,948 PSUs with stock price hurdles at $14.86/$20.14/$31.01/$68.82.
- CFO Jiri Ponrt receives $450K base salary, $150K target bonus (capped at 150%), and 522,731 PSUs.
- PSUs vest based on stock price hurdles and service conditions; 20% downward adjustment if material weakness unremediated.
- Both awards subject to stockholder approval of plan amendment at June 12, 2024 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000149028124000069/0001490281-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000149028124000069/grpn-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001490281-24-000069

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