secwatch.observer — SEC 8-K summary
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Issuer:     Bird Global, Inc. (—)
CIK:        0001861449
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001861449-23-000187
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bird Global appoints H. Joseph Prodan as CFO; base salary $350K, RSU award of 75,000 shares
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- H. Joseph Prodan appointed CFO effective Aug 30, 2023, replacing Michael Washinushi (remains interim CEO).
- Base salary $350K; eligible for quarterly/annual performance bonuses (max 2023: $168,735; 2024: $246,084) based on Adj. EBITDA, free cash flow, net revenue.
- Granted 75,000 RSUs vesting quarterly over 3 years; eligible for additional performance-vesting RSUs up to 45,000 shares tied to stock price goals.
- Severance: 6 months base salary if terminated without cause or for good reason (12 months if within 12 months of change in control).
- Non-employee director cash comp temporarily 50% cash / 50% vested RSUs with 25% premium; interim CEO salary 80% cash / 20% RSUs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1861449/000186144923000187/0001861449-23-000187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1861449/000186144923000187/brds-20230830.htm
  HTML page:      https://secwatch.observer/filing/0001861449-23-000187

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