Cardlytics appoints Amit Gupta CEO; details $550K salary, 1M+ RSUs

Cardlytics, Inc.

Karim Temsamani resigned as CEO and board member effective August 16, 2024; no disagreement cited.
Amit Gupta, formerly COO, appointed CEO and Class II director effective August 16, 2024.
Gupta receives $550K base salary, $275K promotion bonus (repayable if resigns before Aug 2025), and annual bonus target of 100% of salary.
Immediate grant of 500K RSUs vesting over 24 months; additional 500K RSUs in Jan 2025; up to $5M in RSUs/PSUs by May 2025.
Gupta must repay pre-tax value of vested RSUs if he terminates within 12 months of effective date.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Karim Temsamani

Chief Executive Officer and Director

CDLX · Cardlytics, Inc.

Effective: 2024-08-16
Successor: Amit Gupta
Filed: August 21, 2024, 7:59 PM ET

On August 5, 2024, Karim Temsamani notified the Company of his intent to resign as the Company’s Chief Executive Officer and as a member of the Board of Directors of the Company (the “Board”), each effective as of August 16, 2024.

Role change

Amit Gupta

Chief Executive Officer

CDLX · Cardlytics, Inc.

Effective: 2024-08-16
Filed: August 21, 2024, 7:59 PM ET

On August 7, 2024, the Board approved the appointment of Amit Gupta, currently the Company’s Chief Operating Officer, as the Company’s Chief Executive Officer and principal executive officer, each effective as of the Effective Date.

Appointed

Amit Gupta

Director

CDLX · Cardlytics, Inc.

Effective: 2024-08-16
Filed: August 21, 2024, 7:59 PM ET

the Board also approved the appointment of Mr. Gupta to the Board, effective as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Karim Temsamani resigned as Chief Executive Officer and Director at Cardlytics, Inc..

Action: resigned
Role: Chief Executive Officer and Director

Exact text from the filing

On August 5, 2024, Karim Temsamani notified the Company of his intent to resign as the Company’s Chief Executive Officer and as a member of the Board of Directors of the Company (the “Board”), each effective as of August 16, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amit Gupta was appointed as Chief Executive Officer at Cardlytics, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On August 7, 2024, the Board approved the appointment of Amit Gupta, currently the Company’s Chief Operating Officer, as the Company’s Chief Executive Officer and principal executive officer, each effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amit Gupta was appointed as Director at Cardlytics, Inc..

Action: appointed
Role: Director

Exact text from the filing

the Board also approved the appointment of Mr. Gupta to the Board, effective as of the Effective Date.

View on SEC.gov

Cardlytics, Inc. filing history →

Source: SEC EDGAR

accession 0001666071-24-000140

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