secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2022-03-28T23:59:59+00:00
Accession:  0001818383-22-000037
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MediaAlpha awards CEO and CTO 2021 stock bonuses, raises salaries, switches bonus plan to stock
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- 2021 bonuses: CEO Yi and CTO Nonko each earned $440,000 (80% of $550k target), settled in 32,200 RSUs at $13.67/share.
- 2022 base salaries set at $550,000 each; target bonuses $550,000 each, based on Transaction Value and Adjusted EBITDA.
- 2022 RSU grants: 292,700 RSUs each, vesting quarterly from May 15, 2022 through Feb 15, 2026.
- Employment agreements amended to replace future cash bonuses with performance-vesting RSUs, effective fiscal 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838322000037/0001818383-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838322000037/max-20220322.htm
  HTML page:      https://secwatch.observer/filing/0001818383-22-000037

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