secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K/A
Filed at:   2024-08-21T23:59:59+00:00
Accession:  0001666071-24-000140
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000166607124000140/0001666071-24-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000166607124000140/cdlx-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001666071-24-000140

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