secwatch.observer — SEC 8-K summary
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Issuer:     MARKETWISE, INC. (MKTW)
CIK:        0001805651
Form:       8-K
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001628280-23-024473
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MarketWise appoints Erik Mickels as CFO effective August 15, 2023
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- Erik Mickels appointed CFO; succeeds interim CFO Stephen M. Park who steps down on Aug 15, 2023.
- Annual base salary of $500,000; initial equity grant of 500,000 RSUs (50% vest upon relocation to Baltimore by Dec 31, 2023, remainder on Mar 15, 2025 and Mar 15, 2026).
- Eligible for additional 100,000 RSU grant if stock price reaches $6 for 20 consecutive trading days within four years.
- For 2023, cash incentive bonus no less than $500,000; for 2024, no less than $600,000 if net income > $90M, otherwise $500,000.
- Relocation bonus of $300,000 subject to pro rata repayment if employment ends within 12 months of payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805651/000162828023024473/0001628280-23-024473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805651/000162828023024473/mktw-20230706.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-024473

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