Cineverse Corp. Announces New Employment Agreement and Compensation Package for CFO Mark Lindsey

Reuters09-30

<a href="https://laohu8.com/S/CNVS">Cineverse</a> Corp. Announces New Employment Agreement and Compensation Package for CFO Mark Lindsey

Cineverse Corp. has announced a new employment agreement with Chief Financial Officer Mark Lindsey, effective September 14, 2025. Under the terms of the agreement, Lindsey will continue as CFO with an annual base salary of $350,000 and a target bonus opportunity of $175,000 under the company's Management Annual Incentive Plan. He will also receive restricted stock units for 71,699 shares of Common Stock. If terminated without cause or if he resigns for good reason, Lindsey is eligible for 12 months' base salary. Additionally, if such a termination occurs within two years of a change in control, he will receive a lump sum equal to twice his annual base salary plus his target bonus for the year of termination. The agreement runs through September 13, 2027, with automatic one-year renewals unless either party provides notice otherwise.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cineverse Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-223433), on September 29, 2025, and is solely responsible for the information contained therein.

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Announces New Employment Agreement and Compensation Package for CFO Mark Lindsey\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Cineverse Corp. has announced a new employment agreement with Chief Financial Officer Mark Lindsey, effective September 14, 2025. Under the terms of the agreement, Lindsey will continue as CFO with an annual base salary of $350,000 and a target bonus opportunity of $175,000 under the company's Management Annual Incentive Plan. He will also receive restricted stock units for 71,699 shares of Common Stock. If terminated without cause or if he resigns for good reason, Lindsey is eligible for 12 months' base salary. Additionally, if such a termination occurs within two years of a change in control, he will receive a lump sum equal to twice his annual base salary plus his target bonus for the year of termination. 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Announces New Employment Agreement and Compensation Package for CFO Mark Lindsey\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Cineverse Corp. has announced a new employment agreement with Chief Financial Officer Mark Lindsey, effective September 14, 2025. Under the terms of the agreement, Lindsey will continue as CFO with an annual base salary of $350,000 and a target bonus opportunity of $175,000 under the company's Management Annual Incentive Plan. He will also receive restricted stock units for 71,699 shares of Common Stock. If terminated without cause or if he resigns for good reason, Lindsey is eligible for 12 months' base salary. Additionally, if such a termination occurs within two years of a change in control, he will receive a lump sum equal to twice his annual base salary plus his target bonus for the year of termination. 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