---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-028123"
form_type: "8-K"
ticker: "SST"
cik: "0001805833"
company_name: "System1, Inc."
filed_at: "2024-06-14T23:59:59+00:00"
generated_at: "2026-06-01T04:23:28.049956+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# System1 stockholders approve 23.8M-share SARs plan and charter amendment at annual meeting

## Summary
- Stockholders approved 2024 Stock Appreciation Rights Plan authorizing up to 23.8M shares of Class A common stock.
- SARs vest upon achieving trailing 12-month Adjusted EBITDA thresholds of $50M, $60M, $70M, and $80M.
- Charter amendment related to Class C common stock rights approved; effective June 11, 2024.
- Three Class II directors elected: Moujan Kazerani, Frank Martire Jr., Charles Ursini (three-year terms).
- Auditor ratification for PwC withdrawn; Deloitte appointed for FY2024 (previously reported June 4).

## SEC filing metadata
- accession: 0001628280-24-028123
- form_type: 8-K
- ticker: SST
- cik: 0001805833
- company_name: System1, Inc.
- filed_at: 2024-06-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805833/000162828024028123/0001628280-24-028123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805833/000162828024028123/sst-20240611.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-028123
- JSON: https://secwatch.observer/filing/0001628280-24-028123.json
- Plain text: https://secwatch.observer/filing/0001628280-24-028123.txt

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