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[8-K] Stagwell Inc. Reports Material Event

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(Neutral)
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(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Stagwell Inc. (NASDAQ: STGW) filed an 8-K on July 8, 2025 announcing several finance-leadership changes effective July 1, 2025.

Key appointments: Ryan Greene, previously Chief Operating Officer since August 2021, has been promoted to Chief Financial Officer. Frank Lanuto, the former CFO, becomes Executive Vice President, Finance and is expected to serve as principal accounting officer once current Chief Accounting Officer Vincenzo DiMaggio departs. The company is eliminating the stand-alone Chief Accounting Officer role.

Compensation updates:

  • Greene’s annual base salary rises to $650,000; annual bonus target increases to 80 % of salary, payable up to 50 % in one-year-vesting RSUs.
  • Lanuto’s base salary remains $650,000; bonus target set at 85 % of salary for 2025 and 75 % thereafter, with up to 25 % payable in RSUs. His long-term equity incentive target is â‰�$619,000 for 2026 and â‰�$300,000 for 2027+.

The company states there were no disagreements regarding accounting practices, no related-party transactions, and no family relationships involving the executives. Employment-agreement amendments (Exhibits 10.1 & 10.2) and a press release (Exhibit 99.1) are incorporated by reference.

Investor takeaway: The finance function is being reorganized but leadership continuity is maintained through internal promotions. The elimination of the CAO position could streamline reporting but also concentrates responsibilities. No financial guidance or performance data were provided.

Stagwell Inc. (NASDAQ: STGW) ha presentato un modulo 8-K l'8 luglio 2025 annunciando diversi cambiamenti nella leadership finanziaria con effetto dal 1° luglio 2025.

Nomine chiave: Ryan Greene, precedentemente Chief Operating Officer da agosto 2021, è stato promosso a Chief Financial Officer. Frank Lanuto, ex CFO, diventa Executive Vice President, Finance e si prevede che assuma il ruolo di principal accounting officer una volta che l'attuale Chief Accounting Officer Vincenzo DiMaggio lascerà l'azienda. La società elimina la posizione autonoma di Chief Accounting Officer.

Aggiornamenti sulla retribuzione:

  • Il salario base annuo di Greene aumenta a 650.000 $; l'obiettivo del bonus annuo sale all'80% del salario, con fino al 50% pagabile in RSU con maturazione a un anno.
  • Il salario base di Lanuto resta a 650.000 $; l'obiettivo del bonus è fissato all'85% del salario per il 2025 e al 75% negli anni successivi, con fino al 25% pagabile in RSU. Il suo incentivo azionario a lungo termine è di circa 619.000 $ per il 2026 e circa 300.000 $ dal 2027 in poi.

La società dichiara che non ci sono stati disaccordi sulle pratiche contabili, nessuna transazione con parti correlate e nessuna relazione familiare tra gli esecutivi. Le modifiche ai contratti di lavoro (Esposizioni 10.1 e 10.2) e un comunicato stampa (Esposizione 99.1) sono incorporati per riferimento.

Considerazioni per gli investitori: La funzione finanziaria viene riorganizzata ma la continuità della leadership è garantita dalle promozioni interne. L'eliminazione della posizione di CAO potrebbe semplificare i report ma concentra anche le responsabilità. Non sono state fornite indicazioni finanziarie o dati di performance.

Stagwell Inc. (NASDAQ: STGW) presentó un formulario 8-K el 8 de julio de 2025 anunciando varios cambios en el liderazgo financiero con efecto desde el 1 de julio de 2025.

Nombramientos clave: Ryan Greene, anteriormente Director de Operaciones desde agosto de 2021, ha sido promovido a Director Financiero. Frank Lanuto, el ex CFO, se convierte en Vicepresidente Ejecutivo de Finanzas y se espera que asuma el rol de principal oficial contable una vez que el actual Chief Accounting Officer, Vincenzo DiMaggio, deje la empresa. La compañía elimina el puesto independiente de Chief Accounting Officer.

Actualizaciones de compensación:

  • El salario base anual de Greene aumenta a $650,000; el objetivo de bonificación anual se incrementa al 80% del salario, con hasta el 50% pagadero en RSU con vencimiento a un año.
  • El salario base de Lanuto se mantiene en $650,000; el objetivo de bonificación se establece en 85% del salario para 2025 y 75% posteriormente, con hasta un 25% pagadero en RSU. Su incentivo de equidad a largo plazo es aproximadamente $619,000 para 2026 y aproximadamente $300,000 para 2027 en adelante.

La empresa declara que no hubo desacuerdos sobre prácticas contables, ninguna transacción con partes relacionadas, ni relaciones familiares entre los ejecutivos. Las enmiendas a los contratos laborales (Exhibiciones 10.1 y 10.2) y un comunicado de prensa (Exhibición 99.1) se incorporan por referencia.

Conclusión para inversores: La función financiera se está reorganizando pero se mantiene la continuidad del liderazgo mediante promociones internas. La eliminación del puesto de CAO podría simplificar los informes pero también concentra responsabilidades. No se proporcionaron datos financieros ni pronósticos.

Stagwell Inc. (NASDAQ: STGW)ëŠ� 2025ë…� 7ì›� 8ì� 8-K 보고서를 제출하며 2025ë…� 7ì›� 1ì¼ë¶€ë¡� 여러 재무 리ë”ì‹� 변화를 발표했습니다.

주요 임명: 2021ë…� 8월부í„� 최고운ì˜ì±…ìž„ìž�(COO)ë¥� 맡았ë� Ryan Greeneì� 최고재무책임ìž�(CFO)ë¡� 승진했습니다. ì´ì „ CFO였ë� Frank LanutoëŠ� 재무 담당 ìˆ˜ì„ ë¶€ì‚¬ìž¥ì� ë˜ì—ˆìœ¼ë©°, í˜� 최고회계책임ìž�(CAO)ì� Vincenzo DiMaggioê°€ 퇴임하면 ìˆ˜ì„ íšŒê³„ ì±…ìž„ìžë¡œì„� ì—­í• ì� 수행í•� 예정입니ë‹�. 회사ëŠ� ë…립ë� 최고회계책임ìž� ì§ìœ„ë¥� í지합니ë‹�.

보수 변� 사항:

  • Greeneì� ì—°ë´‰ ê¸°ë³¸ê¸‰ì€ 65ë§� 달러ë¡� ì¸ìƒë˜ì—ˆìœ¼ë©°, ì—°ê°„ 보너ìŠ� 목표ëŠ� ì—°ë´‰ì� 80%ë¡� ìƒí–¥ ì¡°ì •ë˜ê³  ì� ì¤� 최대 50%ëŠ� 1ë…� 베스íŒ� RSUë¡� 지급ë©ë‹ˆë‹¤.
  • Lanutoì� ê¸°ë³¸ê¸‰ì€ 65ë§� 달러ë¡� 유지ë˜ë©°, 2025ë…� 보너ìŠ� 목표ëŠ� ì—°ë´‰ì� 85%, ì´í›„ì—는 75%ë¡� 설정ë˜ì—ˆê³� 최대 25%ëŠ� RSUë¡� 지급ë©ë‹ˆë‹¤. ê·¸ì˜ ìž¥ê¸° ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 목표ëŠ� 2026ë…� ì•� 61ë§� 9ì²� 달러, 2027ë…� ì´í›„ ì•� 30ë§� 달러입니ë‹�.

회사ëŠ� 회계 ê´€í–‰ì— ê´€í•� ì´ê²¬, ê´€ë � 당사ìž� 거래, ê²½ì˜ì§� ê°� ê°€ì¡� 관계가 ì—†ìŒì� 명시했습니다. ê³ ìš© 계약 수정ì•�(첨부 10.1 ë°� 10.2)ê³� ë³´ë„ ìžë£Œ(첨부 99.1)ëŠ� 참조ë¡� í¬í•¨ë˜ì–´ 있습니다.

투ìžìž� 시사ì �: 재무 기능ì� 재편ë˜ì§€ë§� ë‚´ë¶€ 승진ì� 통해 리ë”ì‹� ì—°ì†ì„±ì´ 유지ë©ë‹ˆë‹�. CAO ì§ìœ„ íì§€ëŠ� ë³´ê³  절차ë¥� 간소화할 ìˆ� 있으ë‚� ì±…ìž„ë� 집중ë©ë‹ˆë‹�. 재무 지침ì´ë‚� 성과 ë°ì´í„°ëŠ” 제공ë˜ì§€ 않았습니ë‹�.

Stagwell Inc. (NASDAQ : STGW) a déposé un formulaire 8-K le 8 juillet 2025 annonçant plusieurs changements dans la direction financière, effectifs au 1er juillet 2025.

Nominations clés : Ryan Greene, précédemment Chief Operating Officer depuis août 2021, a été promu Chief Financial Officer. Frank Lanuto, ancien CFO, devient Vice-Président Exécutif des Finances et devrait assumer le rôle de principal responsable comptable après le départ de l'actuel Chief Accounting Officer Vincenzo DiMaggio. La société supprime le poste autonome de Chief Accounting Officer.

Mises à jour des rémunérations :

  • Le salaire de base annuel de Greene passe à 650 000 $ ; l'objectif de bonus annuel est porté à 80% du salaire, dont jusqu'à 50 % payable en RSU avec acquisition en un an.
  • Le salaire de base de Lanuto reste à 650 000 $ ; l'objectif de bonus est fixé à 85% du salaire pour 2025 et 75% par la suite, avec jusqu'à 25 % payable en RSU. Son objectif d'incitation en actions à long terme est d'environ 619 000 $ pour 2026 et d'environ 300 000 $ à partir de 2027.

La société déclare qu'il n'y a eu aucun désaccord concernant les pratiques comptables, aucune transaction avec des parties liées, ni relations familiales impliquant les dirigeants. Les amendements aux contrats de travail (Exhibits 10.1 et 10.2) et un communiqué de presse (Exhibit 99.1) sont incorporés par référence.

À retenir pour les investisseurs : La fonction financière est réorganisée, mais la continuité du leadership est assurée par des promotions internes. La suppression du poste de CAO pourrait simplifier les rapports, mais concentre aussi les responsabilités. Aucune indication financière ni donnée de performance n’ont été fournies.

Stagwell Inc. (NASDAQ: STGW) reichte am 8. Juli 2025 ein 8-K ein und kündigte mehrere Änderungen in der Finanzführung mit Wirkung zum 1. Juli 2025 an.

Wichtige Ernennungen: Ryan Greene, zuvor Chief Operating Officer seit August 2021, wurde zum Chief Financial Officer befördert. Frank Lanuto, der ehemalige CFO, wird Executive Vice President, Finance, und soll als Principal Accounting Officer fungieren, sobald der aktuelle Chief Accounting Officer Vincenzo DiMaggio das Unternehmen verlässt. Die Position des eigenständigen Chief Accounting Officer wird abgeschafft.

Aktualisierungen der Vergütung:

  • Greenes jährliches Grundgehalt steigt auf 650.000 $; das jährliche Bonusziel wird auf 80% des Gehalts erhöht, wobei bis zu 50 % in einjährig vestenden RSUs ausgezahlt werden.
  • Lanutos Grundgehalt bleibt bei 650.000 $; das Bonusziel beträgt für 2025 85% des Gehalts und danach 75%, wobei bis zu 25 % in RSUs ausgezahlt werden. Sein langfristiges Aktienanreizziel liegt bei ca. 619.000 $ für 2026 und ca. 300.000 $ ab 2027.

Das Unternehmen gibt an, dass es keine Meinungsverschiedenheiten bezüglich der Bilanzierung gab, keine Transaktionen mit verbundenen Parteien und keine familiären Beziehungen zwischen den Führungskräften. Änderungen der Arbeitsverträge (Anlagen 10.1 & 10.2) und eine Pressemitteilung (Anlage 99.1) sind durch Verweis aufgenommen.

Fazit für Investoren: Die Finanzfunktion wird reorganisiert, aber die Kontinuität der Führung bleibt durch interne Beförderungen erhalten. Die Abschaffung der CAO-Position könnte die Berichterstattung vereinfachen, konzentriert aber auch die Verantwortlichkeiten. Es wurden keine finanziellen Prognosen oder Leistungsdaten bereitgestellt.

Positive
  • Continuity in leadership: both CFO and EVP Finance are long-tenured insiders, limiting transition risk.
  • Equity-linked compensation aligns executive incentives with shareholder value.
  • No reported disagreements with departing CAO or Board reduces immediate governance concerns.
Negative
  • Multiple senior finance changes in a short period can unsettle investors.
  • Elimination of CAO role concentrates accounting oversight, potentially increasing internal-control risk.
  • No financial outlook or cost-saving rationale provided, limiting assessment of strategic benefit.

Insights

TL;DR: Internal CFO promotion ensures continuity; CAO role removed, creating mild governance risk but no stated disagreements.

The reshuffle keeps institutional knowledge in place—Greene has been COO for four years—reducing transition risk normally associated with a new external CFO. Compensation levels are typical for a mid-cap advertising-services firm and include equity to align incentives. However, eliminating the dedicated CAO role concentrates financial oversight in fewer hands, which can raise control-environment concerns, particularly ahead of audit cycles. Management asserts no disputes with outgoing CAO or former CFO, mitigating immediate red flags. Material impact on valuation is limited because no guidance or strategy changes accompany the moves, but investors should monitor future SEC filings for any control-related commentary.

TL;DR: Executive changes are operational; limited near-term earnings impact, modestly neutral for equity story.

Because both appointments are internal, I view execution risk as low. Greene’s COO background could improve cost discipline, yet there is no disclosure of KPI targets that would translate this into earnings upside. Lanuto’s reduced bonus and equity grant suggests a step back from the C-suite but retains his accounting expertise, helpful during the CAO transition. Investors will likely read this as housekeeping rather than a strategic shift. I assign a neutral rating; I will revisit if the new structure affects 2025 guidance or if control deficiencies emerge.

Stagwell Inc. (NASDAQ: STGW) ha presentato un modulo 8-K l'8 luglio 2025 annunciando diversi cambiamenti nella leadership finanziaria con effetto dal 1° luglio 2025.

Nomine chiave: Ryan Greene, precedentemente Chief Operating Officer da agosto 2021, è stato promosso a Chief Financial Officer. Frank Lanuto, ex CFO, diventa Executive Vice President, Finance e si prevede che assuma il ruolo di principal accounting officer una volta che l'attuale Chief Accounting Officer Vincenzo DiMaggio lascerà l'azienda. La società elimina la posizione autonoma di Chief Accounting Officer.

Aggiornamenti sulla retribuzione:

  • Il salario base annuo di Greene aumenta a 650.000 $; l'obiettivo del bonus annuo sale all'80% del salario, con fino al 50% pagabile in RSU con maturazione a un anno.
  • Il salario base di Lanuto resta a 650.000 $; l'obiettivo del bonus è fissato all'85% del salario per il 2025 e al 75% negli anni successivi, con fino al 25% pagabile in RSU. Il suo incentivo azionario a lungo termine è di circa 619.000 $ per il 2026 e circa 300.000 $ dal 2027 in poi.

La società dichiara che non ci sono stati disaccordi sulle pratiche contabili, nessuna transazione con parti correlate e nessuna relazione familiare tra gli esecutivi. Le modifiche ai contratti di lavoro (Esposizioni 10.1 e 10.2) e un comunicato stampa (Esposizione 99.1) sono incorporati per riferimento.

Considerazioni per gli investitori: La funzione finanziaria viene riorganizzata ma la continuità della leadership è garantita dalle promozioni interne. L'eliminazione della posizione di CAO potrebbe semplificare i report ma concentra anche le responsabilità. Non sono state fornite indicazioni finanziarie o dati di performance.

Stagwell Inc. (NASDAQ: STGW) presentó un formulario 8-K el 8 de julio de 2025 anunciando varios cambios en el liderazgo financiero con efecto desde el 1 de julio de 2025.

Nombramientos clave: Ryan Greene, anteriormente Director de Operaciones desde agosto de 2021, ha sido promovido a Director Financiero. Frank Lanuto, el ex CFO, se convierte en Vicepresidente Ejecutivo de Finanzas y se espera que asuma el rol de principal oficial contable una vez que el actual Chief Accounting Officer, Vincenzo DiMaggio, deje la empresa. La compañía elimina el puesto independiente de Chief Accounting Officer.

Actualizaciones de compensación:

  • El salario base anual de Greene aumenta a $650,000; el objetivo de bonificación anual se incrementa al 80% del salario, con hasta el 50% pagadero en RSU con vencimiento a un año.
  • El salario base de Lanuto se mantiene en $650,000; el objetivo de bonificación se establece en 85% del salario para 2025 y 75% posteriormente, con hasta un 25% pagadero en RSU. Su incentivo de equidad a largo plazo es aproximadamente $619,000 para 2026 y aproximadamente $300,000 para 2027 en adelante.

La empresa declara que no hubo desacuerdos sobre prácticas contables, ninguna transacción con partes relacionadas, ni relaciones familiares entre los ejecutivos. Las enmiendas a los contratos laborales (Exhibiciones 10.1 y 10.2) y un comunicado de prensa (Exhibición 99.1) se incorporan por referencia.

Conclusión para inversores: La función financiera se está reorganizando pero se mantiene la continuidad del liderazgo mediante promociones internas. La eliminación del puesto de CAO podría simplificar los informes pero también concentra responsabilidades. No se proporcionaron datos financieros ni pronósticos.

Stagwell Inc. (NASDAQ: STGW)ëŠ� 2025ë…� 7ì›� 8ì� 8-K 보고서를 제출하며 2025ë…� 7ì›� 1ì¼ë¶€ë¡� 여러 재무 리ë”ì‹� 변화를 발표했습니다.

주요 임명: 2021ë…� 8월부í„� 최고운ì˜ì±…ìž„ìž�(COO)ë¥� 맡았ë� Ryan Greeneì� 최고재무책임ìž�(CFO)ë¡� 승진했습니다. ì´ì „ CFO였ë� Frank LanutoëŠ� 재무 담당 ìˆ˜ì„ ë¶€ì‚¬ìž¥ì� ë˜ì—ˆìœ¼ë©°, í˜� 최고회계책임ìž�(CAO)ì� Vincenzo DiMaggioê°€ 퇴임하면 ìˆ˜ì„ íšŒê³„ ì±…ìž„ìžë¡œì„� ì—­í• ì� 수행í•� 예정입니ë‹�. 회사ëŠ� ë…립ë� 최고회계책임ìž� ì§ìœ„ë¥� í지합니ë‹�.

보수 변� 사항:

  • Greeneì� ì—°ë´‰ ê¸°ë³¸ê¸‰ì€ 65ë§� 달러ë¡� ì¸ìƒë˜ì—ˆìœ¼ë©°, ì—°ê°„ 보너ìŠ� 목표ëŠ� ì—°ë´‰ì� 80%ë¡� ìƒí–¥ ì¡°ì •ë˜ê³  ì� ì¤� 최대 50%ëŠ� 1ë…� 베스íŒ� RSUë¡� 지급ë©ë‹ˆë‹¤.
  • Lanutoì� ê¸°ë³¸ê¸‰ì€ 65ë§� 달러ë¡� 유지ë˜ë©°, 2025ë…� 보너ìŠ� 목표ëŠ� ì—°ë´‰ì� 85%, ì´í›„ì—는 75%ë¡� 설정ë˜ì—ˆê³� 최대 25%ëŠ� RSUë¡� 지급ë©ë‹ˆë‹¤. ê·¸ì˜ ìž¥ê¸° ì£¼ì‹ ì¸ì„¼í‹°ë¸Œ 목표ëŠ� 2026ë…� ì•� 61ë§� 9ì²� 달러, 2027ë…� ì´í›„ ì•� 30ë§� 달러입니ë‹�.

회사ëŠ� 회계 ê´€í–‰ì— ê´€í•� ì´ê²¬, ê´€ë � 당사ìž� 거래, ê²½ì˜ì§� ê°� ê°€ì¡� 관계가 ì—†ìŒì� 명시했습니다. ê³ ìš© 계약 수정ì•�(첨부 10.1 ë°� 10.2)ê³� ë³´ë„ ìžë£Œ(첨부 99.1)ëŠ� 참조ë¡� í¬í•¨ë˜ì–´ 있습니다.

투ìžìž� 시사ì �: 재무 기능ì� 재편ë˜ì§€ë§� ë‚´ë¶€ 승진ì� 통해 리ë”ì‹� ì—°ì†ì„±ì´ 유지ë©ë‹ˆë‹�. CAO ì§ìœ„ íì§€ëŠ� ë³´ê³  절차ë¥� 간소화할 ìˆ� 있으ë‚� ì±…ìž„ë� 집중ë©ë‹ˆë‹�. 재무 지침ì´ë‚� 성과 ë°ì´í„°ëŠ” 제공ë˜ì§€ 않았습니ë‹�.

Stagwell Inc. (NASDAQ : STGW) a déposé un formulaire 8-K le 8 juillet 2025 annonçant plusieurs changements dans la direction financière, effectifs au 1er juillet 2025.

Nominations clés : Ryan Greene, précédemment Chief Operating Officer depuis août 2021, a été promu Chief Financial Officer. Frank Lanuto, ancien CFO, devient Vice-Président Exécutif des Finances et devrait assumer le rôle de principal responsable comptable après le départ de l'actuel Chief Accounting Officer Vincenzo DiMaggio. La société supprime le poste autonome de Chief Accounting Officer.

Mises à jour des rémunérations :

  • Le salaire de base annuel de Greene passe à 650 000 $ ; l'objectif de bonus annuel est porté à 80% du salaire, dont jusqu'à 50 % payable en RSU avec acquisition en un an.
  • Le salaire de base de Lanuto reste à 650 000 $ ; l'objectif de bonus est fixé à 85% du salaire pour 2025 et 75% par la suite, avec jusqu'à 25 % payable en RSU. Son objectif d'incitation en actions à long terme est d'environ 619 000 $ pour 2026 et d'environ 300 000 $ à partir de 2027.

La société déclare qu'il n'y a eu aucun désaccord concernant les pratiques comptables, aucune transaction avec des parties liées, ni relations familiales impliquant les dirigeants. Les amendements aux contrats de travail (Exhibits 10.1 et 10.2) et un communiqué de presse (Exhibit 99.1) sont incorporés par référence.

À retenir pour les investisseurs : La fonction financière est réorganisée, mais la continuité du leadership est assurée par des promotions internes. La suppression du poste de CAO pourrait simplifier les rapports, mais concentre aussi les responsabilités. Aucune indication financière ni donnée de performance n’ont été fournies.

Stagwell Inc. (NASDAQ: STGW) reichte am 8. Juli 2025 ein 8-K ein und kündigte mehrere Änderungen in der Finanzführung mit Wirkung zum 1. Juli 2025 an.

Wichtige Ernennungen: Ryan Greene, zuvor Chief Operating Officer seit August 2021, wurde zum Chief Financial Officer befördert. Frank Lanuto, der ehemalige CFO, wird Executive Vice President, Finance, und soll als Principal Accounting Officer fungieren, sobald der aktuelle Chief Accounting Officer Vincenzo DiMaggio das Unternehmen verlässt. Die Position des eigenständigen Chief Accounting Officer wird abgeschafft.

Aktualisierungen der Vergütung:

  • Greenes jährliches Grundgehalt steigt auf 650.000 $; das jährliche Bonusziel wird auf 80% des Gehalts erhöht, wobei bis zu 50 % in einjährig vestenden RSUs ausgezahlt werden.
  • Lanutos Grundgehalt bleibt bei 650.000 $; das Bonusziel beträgt für 2025 85% des Gehalts und danach 75%, wobei bis zu 25 % in RSUs ausgezahlt werden. Sein langfristiges Aktienanreizziel liegt bei ca. 619.000 $ für 2026 und ca. 300.000 $ ab 2027.

Das Unternehmen gibt an, dass es keine Meinungsverschiedenheiten bezüglich der Bilanzierung gab, keine Transaktionen mit verbundenen Parteien und keine familiären Beziehungen zwischen den Führungskräften. Änderungen der Arbeitsverträge (Anlagen 10.1 & 10.2) und eine Pressemitteilung (Anlage 99.1) sind durch Verweis aufgenommen.

Fazit für Investoren: Die Finanzfunktion wird reorganisiert, aber die Kontinuität der Führung bleibt durch interne Beförderungen erhalten. Die Abschaffung der CAO-Position könnte die Berichterstattung vereinfachen, konzentriert aber auch die Verantwortlichkeiten. Es wurden keine finanziellen Prognosen oder Leistungsdaten bereitgestellt.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K 

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 2, 2025

 

STAGWELL INC.

(Exact name of Registrant as Specified in Its Charter)

 

Delaware 001-13718 86-1390679

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)
(IRS Employer
Identification No.)

 

One World Trade Center, Floor 65

New York, NY 10007

(Address of principal executive offices) (Zip Code)

 

(646) 429-1800

(Registrant's telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: 

 

Title of each class Trading symbol(s) Name of each exchange on which registered
Class A Common Stock, $0.001 par value STGW NASDAQ

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 5.02Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On July 2, 2025, Ryan Greene was appointed Chief Financial Officer of Stagwell Inc. (the “Company”). Mr. Greene had previously served as Chief Operating Officer of the Company since August 2021. Upon Mr. Greene’s appointment as Chief Financial Officer, he ceased serving as Chief Operating Officer of the Company.

 

In connection with Mr. Greene’s appointment as Chief Financial Officer, the Company and Mr. Greene agreed to the following material amendments to his compensation arrangements, effective as of July 1, 2025: (i) an increase in annualized base salary to $650,000 and (ii) an increase in annual discretionary bonus target to 80% of base salary, with any such bonus payable up to 50% in restricted stock units for shares of the Company’s Class A common stock which will vest one year following the applicable grant date, at the Company’s discretion. The foregoing description of the material amendments to Mr. Greene’s compensation arrangements is qualified in its entirety by reference to Amendment No. 1, dated as of July 2, 2025, to Employment Agreement, by and between the Company and Ryan Greene, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

 

Also on July 2, 2025, Frank Lanuto was appointed Executive Vice President, Finance of the Company. Upon Mr. Lanuto’s appointment as Executive Vice President, Finance, and the appointment of Mr. Greene as Chief Financial Officer, Mr. Lanuto ceased serving as Chief Financial Officer of the Company. The change in Mr. Lanuto’s position is not a result of any disagreement with the Company or its Board of Directors relating to the Company’s operations, policies or practices or any issues regarding its accounting policies or practices.

 

In connection with Mr. Lanuto’s change in position from Chief Financial Officer to Executive Vice President, Finance, the Company and Mr. Lanuto agreed to the following material amendments to his compensation arrangements, effective as of July 1, 2025: (i) a continued annualized base salary of $650,000, (ii) a decrease in annual discretionary bonus target to 85% of base salary for 2025 and to 75% of base salary for 2026 and succeeding years, with any such bonus payable up to 25% in restricted stock units for shares of the Company’s Class A common stock which will vest one year following the applicable grant date, at the Company’s discretion, and (iii) a target award amount under the Company’s long-term equity incentive plan of approximately $619,000 for 2026 and of approximately $300,000 for 2027 and succeeding years. The foregoing description of the material amendments to Mr. Lanuto’s compensation arrangements is qualified in its entirety by reference to Amendment No. 2, dated as of July 2, 2025, to Employment Agreement, by and between the Company and Frank Lanuto, which is filed as Exhibit 10.2 to this Current Report on Form 8-K and incorporated by reference herein.

 

Additional information regarding the backgrounds and compensation arrangements of Messrs. Greene and Lanuto is included in Part III, Item 10 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the “SEC”) on March 11, 2025, and in the Company’s definitive proxy statement for its 2025 annual meeting of stockholders, filed with the SEC on April 25, 2025, and such information is incorporated herein by reference.

 

There are no arrangements or understandings between Mr. Greene and other persons or between Mr. Lanuto and other persons pursuant to which they were appointed as Chief Financial Officer and Executive Vice President, Finance, respectively. Neither Mr. Greene nor Mr. Lanuto has a family relationship with any director or executive officer of the Company. Neither Mr. Greene nor Mr. Lanuto has engaged in any transaction with the Company that would be reportable as a related party transaction under Item 404(a) of Regulation S-K.

 

In connection with the appointments described above, the Company determined to eliminate the stand-alone role of Chief Accounting Officer. On July 7, 2025, the Company notified Vincenzo DiMaggio, Chief Accounting Officer of the Company, of this decision. Mr. DiMaggio will depart the Company on a date to be determined. The Company expects that following Mr. DiMaggio’s departure, or beginning at such earlier time as designated by the Board of Directors of the Company, Mr. Lanuto will serve as principal accounting officer of the Company.

 

 

 

 

The elimination of the Chief Accounting Officer role and Mr. DiMaggio’s departure is not a result of any disagreement with the Company or its Board of Directors relating to the Company’s operations, policies or practices or any issues regarding its accounting policies or practices.

 

Item 7.01.Regulation FD Disclosure

 

On July 8, 2025, the Company issued a press release announcing the appointment of Mr. Greene as Chief Financial Officer, the appointment of Mr. Lanuto, former Chief Financial Officer, as Executive Vice President, Finance, and certain other senior leadership appointments. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

The information furnished pursuant to Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing. 

 

Item 9.01.Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1   Amendment No. 1, dated as of July 2, 2025, to Employment Agreement, by between the Company and Ryan Greene.
10.2   Amendment No. 2, dated as of July 2, 2025, to Employment Agreement, by and between the Company and Frank Lanuto.
99.1   Press release of Stagwell Inc. dated July 8, 2025.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 8, 2025

  

  Stagwell Inc.
     
  By: /s/ Peter McElligott
    Name: Peter McElligott
    Title: General Counsel

 

 

 

FAQ

Who is the new CFO of Stagwell Inc. (STGW)?

Stagwell appointed Ryan Greene, its former Chief Operating Officer, as Chief Financial Officer effective July 1, 2025.

What are Ryan Greene’s new compensation terms?

Greene will receive a $650,000 base salary and an annual bonus target of 80 % of salary, up to 50 % payable in RSUs vesting after one year.

What position does former CFO Frank Lanuto now hold?

Frank Lanuto has been named Executive Vice President, Finance and is expected to become principal accounting officer after the CAO departs.

Why is the Chief Accounting Officer leaving Stagwell?

The company is eliminating the stand-alone CAO role; Vincenzo DiMaggio will depart, with no disagreements cited regarding accounting practices.

Does the 8-K mention any disagreements or related-party transactions?

No. The filing states that neither Greene nor Lanuto has related-party transactions or disagreements with the company or its Board.
STAGWELL INC

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