secwatch.observer — SEC 8-K summary
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Issuer:     Playboy, Inc. (PLBY)
CIK:        0001803914
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001628280-26-010883
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Playboy appoints David Miller as President, Playboy, Media & Brand, effective Feb 23, 2026
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- David Miller previously EVP & GM of National Geographic Media (2018-2025).
- Annual base salary of $400,000; target cash bonus equal to 80% of base salary.
- Initial RSU grant of 248,869 shares vesting over three years; annual equity awards target $700,000.
- Severance: 9-12 months salary; after change in control, 12-18 months.
- Non-solicitation of employees covenant for 12 months post-employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1803914/000162828026010883/0001628280-26-010883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1803914/000162828026010883/ply-20260222.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-010883

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