{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-028575","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2025-05-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:50.359654+00:00","generated_at":"2026-05-20T04:54:09.788045+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Direct Digital Holdings amends executive employment agreements for CEO, President, and CFO","bullets":["Mark Walker (CEO), Keith Smith (President) and Diana Diaz (CFO) entered into amended employment agreements effective May 27, 2025.","Annual base salaries remain unchanged: $500,000 for Walker and Smith, $350,000 for Diaz.","Change-in-control severance lump sum increased from 1x to 2x target bonus, and non-compete extended to 18 months post-CIC.","Severance eligibility limited to events within two years following a change in control, not any time after.","Good reason definition revised to include base salary cuts over 20% (affecting only non-proportional reductions) and relocation over 50 miles."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-028575","json":"https://secwatch.observer/filing/0001628280-25-028575.json","markdown":"https://secwatch.observer/filing/0001628280-25-028575.md","text":"https://secwatch.observer/filing/0001628280-25-028575.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000162828025028575/0001628280-25-028575-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000162828025028575/drct-20250527.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-20T04:54:09.788045+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}