---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-007581"
form_type: "8-K"
ticker: "AREN"
cik: "0000894871"
company_name: "Arena Group Holdings, Inc."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T12:54:04.986449+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Arena Group terminates CEO Sara Silverstein; appoints Paul Edmondson as interim CEO

## Summary
- CEO Sara Silverstein terminated without cause effective Feb 12, 2025; entitled to accelerated equity vesting and up to 18 months COBRA.
- Paul Edmondson, previously President, Platform, named interim CEO; base salary $486,203, eligible for 75% target bonus.
- Edmondson's existing employment agreement provides 12 months severance, full equity vesting, and COBRA on termination without cause.
- No changes to Edmondson's compensation as interim CEO announced yet; to be determined later.

## SEC filing metadata
- accession: 0001493152-25-007581
- form_type: 8-K
- ticker: AREN
- cik: 0000894871
- company_name: Arena Group Holdings, Inc.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/894871/000149315225007581/0001493152-25-007581-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/894871/000149315225007581/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-007581
- JSON: https://secwatch.observer/filing/0001493152-25-007581.json
- Plain text: https://secwatch.observer/filing/0001493152-25-007581.txt

## Key facts
- Executive change
  Paul Edmondson was appointed as interim Chief Executive Officer at Arena Group Holdings, Inc..
  - Action: appointed
  - Role: interim Chief Executive Officer
  source text: the Board appointed Paul Edmondson as interim Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894871/000149315225007581/0001493152-25-007581-index.htm
- Executive change
  Sara Silverstein was terminated as Chief Executive Officer at Arena Group Holdings, Inc..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: terminated the employment of Sara Silverstein, the Company’s Chief Executive Officer, without cause, effective the same day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/894871/000149315225007581/0001493152-25-007581-index.htm

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