secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2022-06-27T23:59:59+00:00
Accession:  0001818383-22-000103
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MediaAlpha enters severance agreements with two named executive officers
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- Agreements with Jeffrey Coyne and Cathy Cunningham effective June 21, 2022.
- 12 months' base salary severance (18 months on change of control); prorated annual bonus; COBRA coverage.
- Change-of-control trigger: within 3 months before or 12 months after, severance multiplier increases to 1.5x.
- All time-based equity awards vest fully on change-of-control qualifying termination.
- Severance conditioned on release of claims and compliance with non-compete/non-solicitation covenants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838322000103/0001818383-22-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838322000103/max-20220621.htm
  HTML page:      https://secwatch.observer/filing/0001818383-22-000103

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