MediaAlpha: Director Departs, CEO Employment Agreement Updated
Ticker: MAX · Form: 8-K · Filed: Dec 18, 2024 · CIK: 1818383
| Field | Detail |
|---|---|
| Company | Mediaalpha, Inc. (MAX) |
| Form Type | 8-K |
| Filed Date | Dec 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-composition
Related Tickers: MAH
TL;DR
MediaAlpha's board sees a change with Johnson out, Kahl in. CEO Shapiro's employment terms are updated.
AI Summary
On December 16, 2024, MediaAlpha, Inc. announced the departure of Director Robert L. Johnson and the appointment of new Director David M. Kahl. Additionally, the company entered into a new employment agreement with Chief Executive Officer, Adam R. Shapiro, effective December 16, 2024, detailing his compensation and severance benefits.
Why It Matters
Changes in board composition and executive employment terms can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directorship and executive compensation can indicate internal shifts that may affect company direction and stability.
Key Players & Entities
- MediaAlpha, Inc. (company) — Registrant
- Robert L. Johnson (person) — Departing Director
- David M. Kahl (person) — Appointed Director
- Adam R. Shapiro (person) — Chief Executive Officer
- December 16, 2024 (date) — Effective date of changes
FAQ
Who has departed from MediaAlpha's Board of Directors?
Robert L. Johnson has departed from MediaAlpha's Board of Directors as of December 16, 2024.
Who has been appointed as a new Director at MediaAlpha?
David M. Kahl has been appointed as a new Director at MediaAlpha, effective December 16, 2024.
What is the effective date of the reported changes?
The earliest event reported is dated December 16, 2024.
Has MediaAlpha entered into a new employment agreement with its CEO?
Yes, MediaAlpha, Inc. has entered into a new employment agreement with Chief Executive Officer Adam R. Shapiro, effective December 16, 2024.
What specific items are covered in the 8-K filing?
The filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 484 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-12-18 16:54:40
Key Financial Figures
- $0.01 — which registered Class A common stock, $0.01 par value MAX New York Stock Exchange
Filing Documents
- max-20241216.htm (8-K) — 26KB
- 0001818383-24-000105.txt ( ) — 149KB
- max-20241216.xsd (EX-101.SCH) — 2KB
- max-20241216_lab.xml (EX-101.LAB) — 22KB
- max-20241216_pre.xml (EX-101.PRE) — 13KB
- max-20241216_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MediaAlpha, Inc. Date: December 18, 2024 By: /s/ Jeffrey B. Coyne Name: Jeffrey B. Coyne Title: General Counsel & Secretary