secwatch.observer — SEC 8-K summary
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Issuer:     Planet Fitness, Inc. (PLNT)
CIK:        0001637207
Form:       8-K/A
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001637207-23-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 5.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Planet Fitness discloses Interim CEO Benson's compensation: $250K base, no bonus or equity
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- Annual base salary of $250,000; no bonus, no short- or long-term incentive awards.
- Benson not eligible for board compensation during interim period; tax equalization and $65 bi-weekly cell stipend provided.
- Board waives code-of-ethics restrictions for Benson's existing franchise (DA Business Enterprises) and 10% vendor interest in Radianse.
- Benson must designate a manager for his franchise; any company transaction involving his interests requires Audit Committee approval.
- Addendum dated October 31, 2023, amends September 15 offer letter; employment effective September 15, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637207/000163720723000044/0001637207-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637207/000163720723000044/plnt-20230915.htm
  HTML page:      https://secwatch.observer/filing/0001637207-23-000044

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