secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001666071-22-000149
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 2.05, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardlytics terminates 51 employees; Executive Chairman Grimes and Director Laube resign; Balen named Chairman
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- Reduction in force of 51 employees; estimated $1.1M in severance and related costs, substantially incurred in Q4 2022.
- Executive Chairman Scott Grimes resigns; 51,117 RSUs accelerated to vest by Nov 18, 2022; other equity forfeited.
- Director and Advisor Lynne Laube resigns; 65,372 RSUs accelerated to vest by Nov 18, 2022; other equity forfeited.
- John V. Balen appointed Chairman of the Board, effective Nov 12, 2022, succeeding Grimes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000166607122000149/0001666071-22-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000166607122000149/cdlx-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001666071-22-000149

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