{"schema_version":"secwatch.filing_event.v1","accession":"0001805833-23-000029","form_type":"8-K","ticker":"SST","cik":"0001805833","company_name":"System1, Inc.","filed_at":"2023-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.667050+00:00","generated_at":"2026-06-17T22:25:12.152872+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Director William P. Foley resigns; Richard Massey appointed to System1 board","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001805833-23-000029","json":"https://secwatch.observer/filing/0001805833-23-000029.json","markdown":"https://secwatch.observer/filing/0001805833-23-000029.md","text":"https://secwatch.observer/filing/0001805833-23-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805833/000180583323000029/0001805833-23-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805833/000180583323000029/sst-20230315.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T22:25:12.152872+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b19c1073e6","claim":"William P. Foley, II resigned as Director at System1, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805833/000180583323000029/0001805833-23-000029-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"dd90458396","claim":"Richard Massey was appointed as Class III Director at System1, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805833/000180583323000029/0001805833-23-000029-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class III Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}