secwatch.observer — SEC 8-K summary
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Issuer:     Digital Turbine, Inc. (APPS)
CIK:        0000317788
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001628280-23-042505
Event type: litigation
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Digital Turbine settles derivative lawsuit over CEO equity awards, pays $180K in fees
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- Plaintiff alleged CEO equity awards granted May 2023 exceeded annual limits under 2020 Equity Incentive Plan.
- Board amended awards on Sept 15, 2023 to void any exceeding limits, mooting plaintiff's claims.
- Company paid $180,000 to settle plaintiff's claim for attorneys' fees and expenses; no admission of wrongdoing.
- Delaware Court of Chancery entered dismissal order on Dec 20, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/317788/000162828023042505/0001628280-23-042505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/317788/000162828023042505/apps-20231220.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-042505

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