secwatch.observer — SEC 8-K summary
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Issuer:     MARKETWISE, INC. (MKTW)
CIK:        0001805651
Form:       8-K/A
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001628280-23-000088
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805651/000162828023000088/0001628280-23-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805651/000162828023000088/mktw-20221122.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-000088

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