---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034920"
form_type: "8-K"
ticker: "MKTW"
cik: "0001805651"
company_name: "MARKETWISE, INC."
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T17:05:45.175951+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MarketWise appoints founder Porter Stansberry as CEO; board departures trigger Nasdaq non-compliance

## Summary
- CEO Amber Mason and directors Gerhard/Hodgson resign; founder Stansberry becomes CEO and Chairman.
- Resignations cause non-compliance with Nasdaq audit committee composition rule; 180-day cure period.
- Stansberry's annual base salary set at $1.00; eligible for discretionary bonus and executive severance plan.
- No immediate impact on listing; company seeking qualified audit committee candidates.

## SEC filing metadata
- accession: 0001628280-23-034920
- form_type: 8-K
- ticker: MKTW
- cik: 0001805651
- company_name: MARKETWISE, INC.
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805651/000162828023034920/0001628280-23-034920-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805651/000162828023034920/mktw-20231017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034920
- JSON: https://secwatch.observer/filing/0001628280-23-034920.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034920.txt

## Key facts
- Listing & Compliance Notices
  MARKETWISE, INC. received a nasdaq deficiency notice notice regarding audit committee (rules 5605, 5605(c)(4)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: audit committee
  - Rules: 5605, 5605(c)(4)
  source text: October 19, 2023, MarketWise, Inc. (the “Company”) notified the Nasdaq Listing Qualifications Department (“Nasdaq”) that, due to the resignation of Mark Gerhard and Riaan Hodgson (as described herein), the Company no longer complies with Nasdaq’s audit committee composition requirements as set forth in Listing Rule 5605. The Company informed Nasdaq that it intends to regain compliance with Listing Rule 5605 within the 180-day cure period provided under Listing Rule 5605(c)(4). To that end, the Board of Directors (the “Board”) of the Company is currently seeking to identify director candidates
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023034920/0001628280-23-034920-index.htm
- Executive change
  Amber Mason departed as Chief Executive Officer and Director at MARKETWISE, INC..
  - Action: stepped down
  - Role: Chief Executive Officer and Director
  source text: In connection with Mr. Stansberry's appointment, the Board and Amber Mason agreed that Ms. Mason would step down as Chief Executive Officer and resign as a member of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023034920/0001628280-23-034920-index.htm
- Executive change
  F. Porter Stansberry was appointed as Chief Executive Officer and Chairman at MARKETWISE, INC..
  - Action: appointed
  - Role: Chief Executive Officer and Chairman
  source text: On October 17, 2023, the Board appointed F. Porter Stansberry to serve as Chief Executive Officer of the Company and Chairman of the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023034920/0001628280-23-034920-index.htm
- Executive change
  Riaan Hodgson resigned as Director at MARKETWISE, INC..
  - Action: resigned
  - Role: Director
  source text: On October 18, 2023, Mark Gerhard and Riaan Hodgson resigned from the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023034920/0001628280-23-034920-index.htm
- Executive change
  Mark Gerhard resigned as Director at MARKETWISE, INC..
  - Action: resigned
  - Role: Director
  source text: On October 18, 2023, Mark Gerhard and Riaan Hodgson resigned from the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023034920/0001628280-23-034920-index.htm

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