---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036018"
form_type: "8-K"
ticker: "MKTW"
cik: "0001805651"
company_name: "MARKETWISE, INC."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:05:29.012433+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MarketWise terminates CEO Amber Mason; separation includes $1.33M payment and $266K relocation forgiveness

## Summary
- CEO Amber Mason terminated Oct 17, 2023; receives $1,333,000 lump sum plus $266,000 relocation bonus forgiveness.
- Mason agrees to 12-month non-solicit and perpetual non-disparagement/confidentiality covenants.
- Board appoints Van Simmons and Matthew Turner to audit committee, curing Nasdaq audit committee independence deficiency.

## SEC filing metadata
- accession: 0001628280-23-036018
- form_type: 8-K
- ticker: MKTW
- cik: 0001805651
- company_name: MARKETWISE, INC.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805651/000162828023036018/0001628280-23-036018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805651/000162828023036018/mktw-20231027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036018
- JSON: https://secwatch.observer/filing/0001628280-23-036018.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036018.txt

## Key facts
- Listing & Compliance Notices
  MARKETWISE, INC. received a nasdaq noncompliance notice notice regarding audit committee (rules 5605(c)(2)(A), 5605(c)(4)(B)).
  - Exchange: nasdaq
  - Notice: noncompliance notice
  - Deficiency: audit committee
  - Rules: 5605(c)(2)(A), 5605(c)(4)(B)
  source text: October 19, 2023, MarketWise, Inc. (the “Company”) notified The Nasdaq Listing Qualifications Department (“Nasdaq”) that due to the resignations of Mark Gerhard and Riaan Hodgson from the board of directors of the Company (the “Board”), as previously disclosed on the Company’s Current Report filed on Form 8-K on October 23, 2023, the Company was no longer in compliance with Nasdaq Listing Rule 5605(c)(2)(A), which requires the Audit Committee to be comprised of a minimum of three independent directors. Pursuant to Nasdaq Listing Rule 5605(c)(4)(B), the Company is entitled to a cure period to r
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023036018/0001628280-23-036018-index.htm
- Executive change
  Amber Mason was terminated as Chief Executive Officer at MARKETWISE, INC..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: As previously reported, on October 17, 2023, the Board approved the mutual termination of Amber Mason as Chief Executive Officer of the Company, effectively immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805651/000162828023036018/0001628280-23-036018-index.htm

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