secwatch.observer — SEC 8-K summary
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Issuer:     IZEA Worldwide, Inc. (IZEA)
CIK:        0001495231
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001495231-24-000172
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IZEA CEO and COO depart; Patrick Venetucci named new CEO and Lindsay Gardner Chairman
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- CEO Ted Murphy resigns effective Sep 15, 2024; receives $425K severance over 12 months plus equity vesting.
- President/COO Ryan Schram resigns effective Sep 15, 2024; receives $400K severance over 12 months plus equity vesting.
- Board appoints Patrick Venetucci as CEO; base salary $450K, 980,800 RSUs (time- and performance-based), eligible for 75% bonus.
- Lindsay Gardner named Chairman of Board; receives additional $20K annual retainer.
- Both departing executives to assist transition through Oct 31, 2024; no disagreement cited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495231/000149523124000172/0001495231-24-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495231/000149523124000172/izea-20240906.htm
  HTML page:      https://secwatch.observer/filing/0001495231-24-000172

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