secwatch.observer — SEC 8-K summary
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Issuer:     MARKETWISE, INC. (MKTW)
CIK:        0001805651
Form:       8-K
Filed at:   2025-05-27T23:59:59+00:00
Accession:  0001628280-25-027963
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MarketWise appoints Dr. David Eifrig as permanent CEO; he had served as interim since Aug 2024
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- Dr. David Eifrig appointed permanent CEO effective May 23, 2025; interim CEO since August 2024.
- Annual base salary of $850,000; eligible for annual bonus of 5% of net income exceeding $20 million.
- Guaranteed minimum base salary payments of $1.275 million if terminated without cause within 18 months.
- Change-in-control severance: 2x base salary + 2x target cash bonus + 18-month healthcare + equity acceleration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805651/000162828025027963/0001628280-25-027963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805651/000162828025027963/mktw-20250523.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-027963

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer