DigitalBridge CFO Jacky Wu to step down by June 2024 under phased transition plan

DigitalBridge Group, Inc.

Jacky Wu will serve as CFO until a successor is hired, then as employee strategic advisor until June 30, 2024.
Wu receives $500,000 extension bonus, $700,000 base salary, $900,000 target cash bonus (pro-rated), and $2M target LTIP (pro-rated).
Post-employment consulting through Dec 31, 2024 at $60,000/month for up to 300 hours.
Equity awards will continue vesting post-expiration; non-compete and non-solicitation extend one year.
Transition ensures at least three-month overlap with successor CFO and completion of legacy liquidation.

item 5.02 item 9.01

Executive movements

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Departed

Jacky Wu

Executive Vice President, Chief Financial Officer and Treasurer

DBRG · DigitalBridge Group, Inc.

Filed: November 16, 2023, 6:59 PM ET

The Agreement provides that Mr. Wu will serve as the Company’s Executive Vice President, Chief Financial Officer and Treasurer from the Effective Date through the date that Mr. Wu has completed the transition of duties and responsibilities to a successor chief financial officer of the Company and thereafter shall serve as an employee strategic advisor to the Company through June 30, 2024 (the “Expiration Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jacky Wu changed role as Executive Vice President, Chief Financial Officer and Treasurer at DigitalBridge Group, Inc..

Action: transition
Role: Executive Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

The Agreement provides that Mr. Wu will serve as the Company’s Executive Vice President, Chief Financial Officer and Treasurer from the Effective Date through the date that Mr. Wu has completed the transition of duties and responsibilities to a successor chief financial officer of the Company and thereafter shall serve as an employee strategic advisor to the Company through June 30, 2024 (the “Expiration Date”).

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DigitalBridge Group, Inc. filing history →

Source: SEC EDGAR

accession 0001679688-23-000127

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