Spark Networks CEO Grayson resigns with $600K severance; Board Chair Brown becomes interim CEO

Spark Networks SE

CEO Chelsea Grayson resigned Jul 7; receives $600K severance, $25K advisory fees, COBRA.
Board Chair Colleen Birdnow Brown appointed interim CEO; former CEO of Fisher Communications.
Company completed strategic alternatives review; new transformation plan targets growth, margins, EBITDA, cash flow.
Plan: partner with performance marketing agency, transfer operations to MSPs, invest in product features.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Colleen Birdnow Brown

interim Chief Executive Officer

Spark Networks SE

Effective: 2023-07-07
Filed: July 11, 2023, 7:59 PM ET

Colleen Birdnow Brown, the Chair of the Board, was appointed by the Board as interim Chief Executive Officer of the Company and Spark Networks, Inc. effective July 7, 2023.

Departed

Chelsea A. Grayson

Chief Executive Officer

Spark Networks SE

Effective: 2023-07-07
Successor: Colleen Birdnow Brown
Filed: July 11, 2023, 7:59 PM ET

On July 7, 2023, the Board of Directors (“Board”) of Spark Networks SE (the “Company”) and Chelsea A. Grayson determined that Ms. Grayson resigned as Executive Director and Chief Executive Officer of the Company and Spark Networks, Inc., and terminated her service and employment with the Company and Spark Networks, Inc. effective July 7, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Colleen Birdnow Brown was appointed as interim Chief Executive Officer at Spark Networks SE.

Action: appointed
Role: interim Chief Executive Officer

Exact text from the filing

Colleen Birdnow Brown, the Chair of the Board, was appointed by the Board as interim Chief Executive Officer of the Company and Spark Networks, Inc. effective July 7, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Chelsea A. Grayson resigned as Chief Executive Officer at Spark Networks SE.

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On July 7, 2023, the Board of Directors (“Board”) of Spark Networks SE (the “Company”) and Chelsea A. Grayson determined that Ms. Grayson resigned as Executive Director and Chief Executive Officer of the Company and Spark Networks, Inc., and terminated her service and employment with the Company and Spark Networks, Inc. effective July 7, 2023.

View on SEC.gov

Source: SEC EDGAR

accession 0001628280-23-024709

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