---
schema_version: "secwatch.filing_event.v1"
accession: "0001828972-24-000118"
form_type: "8-K"
ticker: "BZFD"
cik: "0001828972"
company_name: "BuzzFeed, Inc."
filed_at: "2024-05-17T23:59:59+00:00"
generated_at: "2026-06-01T16:47:22.473083+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BuzzFeed CEO Peretti cuts salary to $115k; awards 6.8M options to employees

## Summary
- CEO salary reduced from $325k to $115k; awarded options for 414k shares.
- Aggregate 6,791,000 options granted to other executives and employees.
- Options strike price at current value, tying compensation to stock appreciation.
- Peretti states move aligns with startup-like model for GenAI era.

## SEC filing metadata
- accession: 0001828972-24-000118
- form_type: 8-K
- ticker: BZFD
- cik: 0001828972
- company_name: BuzzFeed, Inc.
- filed_at: 2024-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828972/000182897224000118/0001828972-24-000118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828972/000182897224000118/bzfd-20240516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001828972-24-000118
- JSON: https://secwatch.observer/filing/0001828972-24-000118.json
- Plain text: https://secwatch.observer/filing/0001828972-24-000118.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.