secwatch.observer — SEC 8-K summary
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Issuer:     IZEA Worldwide, Inc. (IZEA)
CIK:        0001495231
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001495231-23-000168
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

IZEA Worldwide enters new 3-year employment agreements with CEO, COO, and CFO
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- CEO Edward Murphy base salary $425k; bonus up to 75%; long-term incentive RSUs valued at $586,500.
- COO Ryan Schram base salary $400k; annual bonus target 50%; 2023 RSU award of $200,000.
- CFO Peter Biere base salary $320k; bonus up to 60%; long-term incentive RSUs of $236,800.
- Severance: CEO/COO get 12 months base salary plus pro-rata bonus; CFO gets 9 months base and COBRA.
- All agreements include 12-month non-compete and non-solicitation clauses; auto-renew annually.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495231/000149523123000168/0001495231-23-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495231/000149523123000168/izea-20230901.htm
  HTML page:      https://secwatch.observer/filing/0001495231-23-000168

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer