---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-014918"
form_type: "8-K"
ticker: "MKTW"
cik: "0001805651"
company_name: "MARKETWISE, INC."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:45:43.451973+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MarketWise settles proxy contest; appoints four new directors, board to shrink to nine

## Summary
- Directors Eifrig, Tongue, Smith appointed per settlement; Turner added via Voting Agreement; Borges resigned.
- Board fixed at ten until 2023 annual meeting (Idzik's term ends), then reduced to nine.
- Investors withdraw nominations, agree to vote for Board's nominees; standstill 90 days after 2023 meeting.
- Proxy contest resolved; no financial terms disclosed; settlement filed as Exhibit 10.1.

## SEC filing metadata
- accession: 0001628280-23-014918
- form_type: 8-K
- ticker: MKTW
- cik: 0001805651
- company_name: MARKETWISE, INC.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805651/000162828023014918/0001628280-23-014918-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805651/000162828023014918/mktw-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-014918
- JSON: https://secwatch.observer/filing/0001628280-23-014918.json
- Plain text: https://secwatch.observer/filing/0001628280-23-014918.txt

## Key facts
- Executive change
  David Eifrig was appointed as Director at MARKETWISE, INC..
  - Action: appointed
  - Role: Director
  source text: the Company appointed Matthew Turner, David Eifrig, Glenn Tongue and Matthew Smith (the “New Directors”) as members of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023014918/0001628280-23-014918-index.htm
- Executive change
  Manuel Borges resigned as Director at MARKETWISE, INC..
  - Action: resigned
  - Role: Director
  source text: Mr. Manuel Borges resigned as a director of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023014918/0001628280-23-014918-index.htm
- Executive change
  Glenn Tongue was appointed as Director at MARKETWISE, INC..
  - Action: appointed
  - Role: Director
  source text: the Company appointed Matthew Turner, David Eifrig, Glenn Tongue and Matthew Smith (the “New Directors”) as members of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023014918/0001628280-23-014918-index.htm
- Executive change
  Matthew Smith was appointed as Director at MARKETWISE, INC..
  - Action: appointed
  - Role: Director
  source text: the Company appointed Matthew Turner, David Eifrig, Glenn Tongue and Matthew Smith (the “New Directors”) as members of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023014918/0001628280-23-014918-index.htm
- Executive change
  Matthew Turner was appointed as Director at MARKETWISE, INC..
  - Action: appointed
  - Role: Director
  source text: the Company appointed Matthew Turner, David Eifrig, Glenn Tongue and Matthew Smith (the “New Directors”) as members of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023014918/0001628280-23-014918-index.htm
- Material Agreements
  MARKETWISE, INC. entered into Settlement Agreement with F. Porter Stansberry and Stokes Holdings, LLC (effective 2023-04-28).
  - Action: entry
  - Agreement: settlement
  - Counterparty: F. Porter Stansberry and Stokes Holdings, LLC
  - Effective: 2023-04-28
  source text: On April 28, 2023, MarketWise, Inc. (the “Company”) entered into a Settlement Agreement (the “Settlement Agreement”) by and among the Company, F. Porter Stansberry and Stokes Holdings, LLC (collectively, the “Investors”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023014918/0001628280-23-014918-index.htm

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