MarketWise terminates CDO Marco Ferri without cause; transition consulting at $500/hr

MARKETWISE, INC.

Termination of Marco Ferri as Chief Corporate Development Officer without cause, effective October 13, 2023.
Ferri eligible for lump-sum severance under MarketWise Executive Severance Plan after release revocation period.
Consulting agreement for transition services at $500 per hour, terminable by either party with ten days' notice.
Ferri remains eligible for previously earned but unpaid acquisition transaction bonus payments.

item 5.02 item 9.01

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Departed

Marco Ferri

Chief Corporate Development Officer

MKTW · MARKETWISE, INC.

Effective: 2023-10-13
Filed: October 19, 2023, 7:59 PM ET

On October 18, 2023, MarketWise, Inc. (the “Company”) announced the termination of Marco Ferri as Chief Corporate Development Officer of the Company without cause, effective October 13, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Marco Ferri was terminated as Chief Corporate Development Officer at MARKETWISE, INC..

Action: terminated
Role: Chief Corporate Development Officer

Exact text from the filing

On October 18, 2023, MarketWise, Inc. (the “Company”) announced the termination of Marco Ferri as Chief Corporate Development Officer of the Company without cause, effective October 13, 2023.

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MARKETWISE, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-034713

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