---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-031860"
form_type: "8-K"
ticker: "BMTM"
cik: "0001568385"
company_name: "Bright Mountain Media, Inc."
filed_at: "2021-12-17T23:59:59+00:00"
generated_at: "2026-06-28T00:06:21.494293+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bright Mountain Media appoints Matt Drinkwater as CEO; Kip Speyer remains Chairman

## Summary
- Effective December 1, 2021; Drinkwater, 48, previously SVP International at BuzzFeed.
- 3-year contract with $250,000 base salary and discretionary bonus target of 100% of base.
- Granted 500,000 stock options vesting 25% annually starting December 1, 2021.
- Drinkwater also held roles at Twitter, Groupon, Yahoo, and AOL.
- Kip Speyer transitions from CEO to continue as Chairman of the Board.

## SEC filing metadata
- accession: 0001493152-21-031860
- form_type: 8-K
- ticker: BMTM
- cik: 0001568385
- company_name: Bright Mountain Media, Inc.
- filed_at: 2021-12-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568385/000149315221031860/0001493152-21-031860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568385/000149315221031860/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-031860
- JSON: https://secwatch.observer/filing/0001493152-21-031860.json
- Plain text: https://secwatch.observer/filing/0001493152-21-031860.txt

## Key facts
- Executive change
  Matthew Drinkwater was appointed as Chief Executive Officer at Bright Mountain Media, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Effective December 1, 2021, the Company appointed Mr. Matthew Drinkwater as its new Chief Executive Officer (CEO).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568385/000149315221031860/0001493152-21-031860-index.htm
- Executive change
  W. Kip Speyer changed role as Chairman of the Board at Bright Mountain Media, Inc..
  - Action: transitioned from CEO to Chairman
  - Role: Chairman of the Board
  source text: Mr. W. Kip Speyer will remain with the Company in his role of Chairman of the Board and transition his CEO role to Mr. Drinkwater.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1568385/000149315221031860/0001493152-21-031860-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.