secwatch.observer — SEC 8-K summary
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Issuer:     Marqeta, Inc. (MQ)
CIK:        0001522540
Form:       8-K/A
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001522540-24-000017
Event type: leadership
Sentiment:  negative
Materiality: 0.50
Item codes: 9.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Marqeta CPTO Randy Kern departs; severance of $623,437.50, role not immediately filled
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- Randy Kern ceased as Chief Product and Technology Officer on Nov 1, 2024; transition through Dec 31, 2024.
- Severance: lump sum of $623,437.50 (9 months salary + 75% target bonus) plus 9 months COBRA reimbursement.
- Company will not immediately fill the CPTO role; responsibilities overseen by other management members.
- Transition agreement includes general release of claims and confidentiality obligations; severance conditioned on signing supplemental release.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522540/000152254024000017/0001522540-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522540/000152254024000017/mq-20241101.htm
  HTML page:      https://secwatch.observer/filing/0001522540-24-000017

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