Director William P. Foley resigns; Richard Massey appointed to System1 board

System1, Inc.

William P. Foley II resigned from System1 board effective March 15, 2023; no disagreement with company.
Richard Massey appointed Class III director effective March 21, 2023, replacing Foley; also joins Audit Committee.
Massey is CEO of Cannae Holdings and a Cannae designee under the Shareholders Agreement.
Massey deemed independent under NYSE standards; compensated under non-employee director program.

item 5.02 item 9.01

Executive movements

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Departed

William P. Foley, II

Director

SST · System1, Inc.

Effective: 2023-03-15
Successor: Richard Massey
Filed: March 21, 2023, 7:59 PM ET

On March 15, 2023, William P. Foley, II. notified the Board of Directors (the “Board”) of System1, Inc. (the “Company”) of his resignation from the Board, effective as of March 15, 2023.

Appointed

Richard Massey

Class III Director

SST · System1, Inc.

Effective: 2023-03-21
Filed: March 21, 2023, 7:59 PM ET

On March 21, 2023, following Mr. Foley’s resignation, the remaining members of the Board appointed Richard Massey to replace Mr. Foley as a Class III Director effective immediately, serving in the class of directors whose term expires at the Company’s 2025 annual meeting of stockholders.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William P. Foley, II resigned as Director at System1, Inc..

Action: resigned
Role: Director

Exact text from the filing

On March 15, 2023, William P. Foley, II. notified the Board of Directors (the “Board”) of System1, Inc. (the “Company”) of his resignation from the Board, effective as of March 15, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard Massey was appointed as Class III Director at System1, Inc..

Action: appointed
Role: Class III Director

Exact text from the filing

On March 21, 2023, following Mr. Foley’s resignation, the remaining members of the Board appointed Richard Massey to replace Mr. Foley as a Class III Director effective immediately, serving in the class of directors whose term expires at the Company’s 2025 annual meeting of stockholders.

View on SEC.gov

System1, Inc. filing history →

Source: SEC EDGAR

accession 0001805833-23-000029

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