PLBY Group names Marc Crossman as CFO and COO; Lance Barton transitions to strategic advisor

Playboy, Inc.

Marc Crossman appointed CFO and COO effective March 22, 2023; succeeds Lance Barton, who remains as strategic advisor.
Crossman receives $400k base salary, 80% target bonus, 400k share RSU grant (3-year vest), and $700k annual equity grants from 2024.
Crossman previously Partner at Rizvi Traverse (PLBY's largest stockholder) and former CEO of Joe's Jeans (2006-2015).
CEO Ben Kohn states Crossman will 'unlock further cost savings' as PLBY moves to a more capital-light model.
Crossman has consulted with PLBY for several weeks prior to appointment.

item 5.02 item 8.01 item 9.01

Executive movements

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

Role change

Lance Barton

Chief Financial Officer

PLBY · Playboy, Inc.

Effective: 2023-03-22
Successor: Marc Crossman
Filed: March 22, 2023, 7:59 PM ET

As a result of Mr. Crossman’s succession as Chief Financial Officer, Mr. Barton will serve as a strategic advisor of the Company to assist with an orderly transition until his previously disclosed departure.

Appointed

Marc Crossman

Chief Financial Officer and Chief Operating Officer

PLBY · Playboy, Inc.

Effective: 2023-03-22
Filed: March 22, 2023, 7:59 PM ET

On March 22, 2023, PLBY Group, Inc. (the “Company”) appointed Marc Crossman as Chief Financial Officer and Chief Operating Officer of the Company, effective as of March 22, 2023 (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

Lance Barton changed role as Chief Financial Officer at Playboy, Inc..

Action: succeeded
Role: Chief Financial Officer

Exact text from the filing

As a result of Mr. Crossman’s succession as Chief Financial Officer, Mr. Barton will serve as a strategic advisor of the Company to assist with an orderly transition until his previously disclosed departure.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Marc Crossman was appointed as Chief Financial Officer and Chief Operating Officer at Playboy, Inc..

Action: appointed
Role: Chief Financial Officer and Chief Operating Officer

Exact text from the filing

On March 22, 2023, PLBY Group, Inc. (the “Company”) appointed Marc Crossman as Chief Financial Officer and Chief Operating Officer of the Company, effective as of March 22, 2023 (the “Effective Date”).

View on SEC.gov

Playboy, Inc. filing history →

Source: SEC EDGAR

accession 0001803914-23-000023

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