System1, Inc. Reports Board and Compensation Changes
Ticker: SSTPW · Form: 8-K · Filed: Apr 12, 2024 · CIK: 1805833
| Field | Detail |
|---|---|
| Company | System1, Inc. (SSTPW) |
| Form Type | 8-K |
| Filed Date | Apr 12, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation
TL;DR
System1 board shakeup and comp changes announced April 10th.
AI Summary
System1, Inc. announced on April 10, 2024, a change in its board of directors and executive compensation arrangements. The company, formerly known as Trebia Acquisition Corp., is based in Marina Del Rey, California.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate internal shifts that may affect company direction and stability.
Key Players & Entities
- System1, Inc. (company) — Registrant
- Trebia Acquisition Corp. (company) — Former company name
- April 10, 2024 (date) — Date of earliest event reported
- 4235 Redwood Avenue, Marina Del Rey, California 90066 (location) — Principal executive offices
FAQ
What specific changes were made to the board of directors?
The filing indicates changes related to the 'Departure of Directors or Certain Officers' and 'Election of Directors', but the specific names and details of these changes are not provided in the excerpt.
What are the details of the new compensatory arrangements?
The filing lists 'Compensatory Arrangements of Certain Officers' as an item, but the specific details of these arrangements are not included in the provided text.
When did System1, Inc. change its name from Trebia Acquisition Corp.?
The filing states the date of the name change was March 6, 2020.
What is System1, Inc.'s primary business classification?
System1, Inc. is classified under SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370].
What is the company's fiscal year end?
The company's fiscal year end is December 31st.
Filing Stats: 1,227 words · 5 min read · ~4 pages · Grade level 10.7 · Accepted 2024-04-12 16:29:00
Key Financial Figures
- $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share SST New York Stock
- $11.50 — mon Stock share at an exercise price of $11.50 per share SST.WS New York Stock Exchang
Filing Documents
- sst-20240410.htm (8-K) — 37KB
- 0001805833-24-000062.txt ( ) — 205KB
- sst-20240410.xsd (EX-101.SCH) — 3KB
- sst-20240410_def.xml (EX-101.DEF) — 16KB
- sst-20240410_lab.xml (EX-101.LAB) — 28KB
- sst-20240410_pre.xml (EX-101.PRE) — 16KB
- sst-20240410_htm.xml (XML) — 4KB
01 - Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. System1, Inc. Date: April 12, 2024 By: /s/ Daniel J. Weinrot Name: Daniel J. Weinrot Title: General Counsel & Corporate Secretary 4