MarketWise appoints COO Amber Lee Mason as CEO; Stephen Sjuggerud steps down as interim CEO

MARKETWISE, INC.

Amber Lee Mason appointed CEO and board member effective Feb 15, 2023; served as COO and previously VP Business Development.
Dr. Stephen Sjuggerud steps down as interim CEO and resigns from board; departure unrelated to financial or operational matters.
Compensation: $500k base salary, annual cash bonus up to 1.5% of net income (max $2.25M), RSU target $1.25M, plus $400k relocation.
Ms. Mason joined MarketWise in 2006; previously Co-CEO of Legacy Research Group, grew revenues and profits significantly.
Board cites her deep industry knowledge and proven track record; she will lead company through next growth phase.

item 5.02 item 7.01 item 9.01

Executive movements

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Role change

Amber Lee Mason

Chief Executive Officer

MKTW · MARKETWISE, INC.

Effective: 2023-02-15
Filed: February 15, 2023, 6:59 PM ET

appointed Amber Lee Mason, MarketWise’s current Chief Operating Officer, to serve as Chief Executive Officer of the Company and a member of the Board of Directors of the Company, effective on February 15, 2023.

Departed (interim)

Stephen Sjuggerud

interim Chief Executive Officer

MKTW · MARKETWISE, INC.

Effective: 2023-02-15
Successor: Amber Lee Mason
Filed: February 15, 2023, 6:59 PM ET

Dr. Stephen Sjuggerud stepped down as interim Chief Executive Officer and resigned as a director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Amber Lee Mason was appointed as Chief Executive Officer at MARKETWISE, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Amber Lee Mason, MarketWise’s current Chief Operating Officer, to serve as Chief Executive Officer of the Company and a member of the Board of Directors of the Company, effective on February 15, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

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

Action: stepped down
Role: interim Chief Executive Officer

Exact text from the filing

Dr. Stephen Sjuggerud stepped down as interim Chief Executive Officer and resigned as a director of the Company.

View on SEC.gov

MARKETWISE, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-003634

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