CFO Simone Nardi to depart by Feb 28, 2022; company in late-stage successor search
FuboTV Inc.
Nardi will remain CFO until Feb 28, 2022 or successor start, then serve as special advisor.
Guaranteed 2021 bonus of at least $235k; lump sum of $215k; accelerated vesting of 106,250 stock options plus 17,709 shares monthly.
Additional severance payments if transition date on Feb 28 or termination other than voluntary resignation; legal fee reimbursement up to $5k and healthcare continuation.
Company expects to announce new CFO in Q1 2022 following late-stage negotiations.
Pursuant to the A&R Transition Agreement, Mr. Nardi has agreed to continue serving as the Company’s Chief Financial Officer until the earlier of (i) February 28, 2022 (or such earlier date on which Mr. Nardi’s employment with the Company terminates for any reason) and (ii) if earlier, the date on which Mr. Nardi’s successor as Chief Financial Officer commences employment with the Company.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Simone Nardi changed role as Chief Financial Officer at FuboTV Inc..
Action
transition
Role
Chief Financial Officer
Exact text from the filing
Pursuant to the A&R Transition Agreement, Mr. Nardi has agreed to continue serving as the Company’s Chief Financial Officer until the earlier of (i) February 28, 2022 (or such earlier date on which Mr. Nardi’s employment with the Company terminates for any reason) and (ii) if earlier, the date on which Mr. Nardi’s successor as Chief Financial Officer commences employment with the Company.
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