secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2021-07-02T23:59:59+00:00
Accession:  0001595974-21-000045
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Magnite appoints Brian Gephart as Chief Accounting Officer; extends credit facility by $12.5M
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- Brian Gephart appointed CAO effective June 28, 2021; previously CFO of Leaf Group.
- Gephart receives one-time equity award: 18,268 RSUs and options for 13,594 shares at $34.68, vesting over 4 years.
- Revolving credit facility increased by $12.5M; letter of credit sublimit raised by $5M; terms unchanged.
- Annual meeting results: elected Class I directors Frankenberg, Harden, Rossman; ratified Deloitte; approved exec compensation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000045/0001595974-21-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597421000045/mgni-20210628.htm
  HTML page:      https://secwatch.observer/filing/0001595974-21-000045

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