other material
confidence high
sentiment neutral
materiality 0.65
Abacus Global Management, Inc. (ABX): auditor change — Abacus Global switches auditor to KPMG, names McCauley COO, sets $192M stretch ANI target
Abacus Global Management, Inc.
- Dismissed Grant Thornton, engaged KPMG as auditor effective March 16, 2026; no disagreements or reportable events.
- Appointed William McCauley as COO, retaining CFO role; salary increased to $500,000.
- CEO Jay Jackson salary raised to $725,000; eligible for performance-based RSUs up to 1,188,119 shares at stretch target.
- 2026 cash bonus tied to Adjusted Net Income: Target $96M, Stretch $192M; CEO stretch bonus $2.9M, CFO/COO $1.9M.
- One-time equity bonus: CEO 2M shares, CFO/COO 1M shares, subject to market cap/AUM milestones and shareholder approval of 2026 LTIP.