---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-030723"
form_type: "8-K"
ticker: "MKTW"
cik: "0001805651"
company_name: "MARKETWISE, INC."
filed_at: "2022-11-23T23:59:59+00:00"
generated_at: "2026-06-21T13:30:06.615845+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MarketWise CEO Mark Arnold resigns; Stephen Sjuggerud named interim CEO

## Summary
- Mark Arnold resigns as Chairman, CEO, and director effective Nov 22, 2022; not related to financial condition.
- Separation agreement provides $8,510,225 to Arnold, subject to release and compliance.
- Dr. Stephen Sjuggerud appointed interim CEO; he joined MarketWise in 2001 and leads the True Wealth franchise.
- Sjuggerud's True Wealth has over 100,000 paid and 800,000 free subscriptions.
- Board retains Heidrick & Struggles to conduct permanent CEO search.

## SEC filing metadata
- accession: 0001628280-22-030723
- form_type: 8-K
- ticker: MKTW
- cik: 0001805651
- company_name: MARKETWISE, INC.
- filed_at: 2022-11-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805651/000162828022030723/0001628280-22-030723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805651/000162828022030723/mktw-20221122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-030723
- JSON: https://secwatch.observer/filing/0001628280-22-030723.json
- Plain text: https://secwatch.observer/filing/0001628280-22-030723.txt

## Key facts
- Executive change
  Mark Arnold resigned as Chairman and Chief Executive Officer at MARKETWISE, INC..
  - Action: resigned
  - Role: Chairman and Chief Executive Officer
  source text: On November 22, 2022, MarketWise, Inc. (the “Company”) accepted Mark Arnold’s resignation from his positions as Chairman of the Board of Directors (the “Board”) and Chief Executive Officer of the Company, and as a director of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828022030723/0001628280-22-030723-index.htm
- Executive change
  Stephen Sjuggerud was appointed as interim Chief Executive Officer at MARKETWISE, INC..
  - Action: appointed
  - Role: interim Chief Executive Officer
  source text: On November 22, 2022, the Board appointed Dr. Stephen Sjuggerud, currently a director of the Company, to serve as interim Chief Executive Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828022030723/0001628280-22-030723-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.