secwatch.observer — SEC 8-K summary
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Issuer:     MAGNITE, INC. (MGNI)
CIK:        0001595974
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001595974-26-000013
Event type: leadership
Sentiment:  negative
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Magnite CPO Adam Soroca to step down effective April 8, 2026; to serve as advisor through May 15
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- Adam Soroca ceases as Chief Product Officer effective April 8, 2026.
- He will remain employed as an advisor through May 15, 2026.
- Severance benefits payable per the Executive Severance and Vesting Acceleration Agreement.
- No replacement named; transition details from April 16, 2025 proxy cited.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1595974/000159597426000013/0001595974-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1595974/000159597426000013/mgni-20260407.htm
  HTML page:      https://secwatch.observer/filing/0001595974-26-000013

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