secwatch.observer — SEC 8-K summary
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Issuer:     Groupon, Inc. (GRPN)
CIK:        0001490281
Form:       8-K/A
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001490281-24-000089
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Groupon enters severance agreements with CEO Senkypl and CFO Ponrt
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- CEO Dusan Senkypl and CFO Jiri Ponrt each receive 3 months salary, equity acceleration on involuntary termination without cause.
- Change-in-control severance adds pro-rata target bonus and accelerated vesting of performance share units.
- CIC definition excludes Pale Fire Capital becoming >50% owner unless Board (including unaffiliated directors) approves.
- Excise tax provision: payments reduced to safe harbor cap if Section 4999 excise tax applies, no gross-up.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1490281/000149028124000089/0001490281-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1490281/000149028124000089/grpn-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001490281-24-000089

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