---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-046222"
form_type: "8-K"
ticker: "BMTM"
cik: "0001568385"
company_name: "Bright Mountain Media, Inc."
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:46:32.719829+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Bright Mountain Media enters new CEO employment agreement with Matt Drinkwater effective Dec 1, 2024

## Summary
- Three-year term with automatic one-year renewals; base salary $400,000 plus annual bonus up to $600,000 based on performance.
- Grants options for 125,000 shares at $0.035/share, vesting over four years under the Stock Option Plan.
- Non-compete for one year post-termination (if for cause) and non-solicitation for two years; severance of 100-150% of base salary for 12 months if terminated without cause.
- Enhanced severance of 150% of base salary for 12 months if termination occurs within 3 months before or 1 year after a change in control.
- Replaces previous employment agreement; effective December 1, 2024.

## SEC filing metadata
- accession: 0001493152-24-046222
- form_type: 8-K
- ticker: BMTM
- cik: 0001568385
- company_name: Bright Mountain Media, Inc.
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1568385/000149315224046222/0001493152-24-046222-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1568385/000149315224046222/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-046222
- JSON: https://secwatch.observer/filing/0001493152-24-046222.json
- Plain text: https://secwatch.observer/filing/0001493152-24-046222.txt

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