secwatch.observer — SEC 8-K summary
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Issuer:     FuboTV Inc. (FUBO)
CIK:        0001484769
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001493152-23-015795
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

fuboTV enters new CEO employment agreement with Gandler; base salary, equity tied to performance
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- Base salary $730k for 2023, rising to $995k in 2024; annual bonus target 100% of base.
- Grant of 730,338 PRSUs (target), 365,168 RSUs, and 636,298 options, all contingent on shareholder approval of 20M share reserve increase.
- PRSUs vest based on annual performance (Adjusted EBITDA, revenue, subscribers) through 2025; RSUs and options vest over 4 years.
- Severance: 24 months base salary plus pro-rated bonus if terminated without cause or for good reason; double bonus if within change-in-control period.
- Equity awards forfeited if shareholders do not approve plan amendment at June 15, 2023 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1484769/000149315223015795/0001493152-23-015795-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1484769/000149315223015795/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-015795

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