MarketWise appoints Stephen Sjuggerud as interim CEO with $750K base salary

MARKETWISE, INC.

Dr. Stephen Sjuggerud appointed interim CEO effective November 22, 2022.
Will receive annual base salary of $750,000 for interim CEO role.
Guaranteed minimum salary of $375K if terminated without cause before 6 months, $750K if after 6 months but before 12 months.
Eligible for discretionary bonuses up to $375K each at 6-month and 12-month milestones.
Compensation terms supplement existing May 2015 employment agreement.

item 5.02 item 9.01

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Appointed (interim)

Stephen Sjuggerud

interim Chief Executive Officer

MKTW · MARKETWISE, INC.

Effective: 2022-11-22
Filed: January 3, 2023, 6:59 PM ET

On November 22, 2022, the Board of Directors (the “Board”) of MarketWise, Inc. (the “Company”) appointed Dr. Stephen Sjuggerud to serve as interim Chief Executive Officer (“Interim CEO”).

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Executive change SEC 8-K Item 5.02 confidence 1.0

Stephen Sjuggerud was appointed as interim Chief Executive Officer at MARKETWISE, INC..

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

On November 22, 2022, the Board of Directors (the “Board”) of MarketWise, Inc. (the “Company”) appointed Dr. Stephen Sjuggerud to serve as interim Chief Executive Officer (“Interim CEO”).

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Source: SEC EDGAR

accession 0001628280-23-000088

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