Director David Lowe resigns from MediaAlpha board after Insignia ownership falls below threshold

MediaAlpha, Inc.

David Lowe resigned as director effective March 18, 2024, per Stockholders Agreement requirement.
Insignia's ownership fell below 7,338,148 shares (12.5% of outstanding) after secondary offering closed March 11, 2024.
Resignation not due to any disagreement with the Company on operations, policies, or practices.
Insignia retains one designee on the board; the other director remains.

item 5.02

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Departed

David Lowe

Director

MAX · MediaAlpha, Inc.

Effective: 2024-03-18
Filed: March 20, 2024, 7:59 PM ET

On March 18, 2024, as required by Section 3.1(b) of the Stockholders Agreement (as defined below), David Lowe tendered his resignation as a member of the Board of Directors (the “Board”) of MediaAlpha, Inc. (the “Company”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

David Lowe resigned as Director at MediaAlpha, Inc..

Action: resigned
Role: Director

Exact text from the filing

On March 18, 2024, as required by Section 3.1(b) of the Stockholders Agreement (as defined below), David Lowe tendered his resignation as a member of the Board of Directors (the “Board”) of MediaAlpha, Inc. (the “Company”).

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MediaAlpha, Inc. filing history →

Source: SEC EDGAR

accession 0001818383-24-000022

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