Current Report Filing (8-k)
January 05 2023 - 04:37PM
Edgar (US Regulatory)
0001779474FALSE41
DiscoveryIrvineCalifornia00017794742022-12-292022-12-290001779474us-gaap:CommonClassAMember2022-12-292022-12-290001779474us-gaap:WarrantMember2022-12-292022-12-29
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): December 29,
2022
WM TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
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Delaware |
001-39021 |
98-1605615 |
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(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
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41 Discovery
Irvine, California
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92618 |
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(Address of principal executive offices) |
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(Zip Code) |
(844) 933-3627
(Registrant’s telephone number, including area code)
N/A
(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 obligations of the registrant
under any of the following provisions:
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☐ |
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240-13e-4(c))
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Securities registered pursuant to Section 12(b) of the
Act:
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Title of each class |
Trading symbol(s) |
Name of each exchange on which registered |
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Class A Common Stock, $0.0001 par value per share |
MAPS
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The Nasdaq Global Select Market |
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Warrants, each whole warrant exercisable for one share of Class A
Common Stock at an exercise price of $11.50 per share
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MAPSW
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The Nasdaq Global Select Market |
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.
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Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
On December 29, 2022, Juanjo Feijoo, the Company’s Chief Operating
Officer, tendered his resignation from his role as Chief Operating
Officer, effective December 31, 2022.
On January 5, 2022, Mr. Feijoo and the Company entered into a
Separation and Release Agreement (the “Separation Agreement”),
providing for the terms of Mr. Feijoo’s separation from employment
with the Company. Under the Separation Agreement, the Company has
agreed to provide Mr. Feijoo with the following separation payments
and benefits in lieu of any payments or benefits he may otherwise
have been entitled to under the terms of his employment agreement:
severance equal to nine months of base salary plus seventy-five
percent (75%) of Mr. Feijoo’s Target Bonus under the Company’s
Severance and Change in Control Plan, less any applicable taxes,
deductions and withholdings; and nine months of paid COBRA premiums
(which cease in the event of new coverage with a subsequent
employer). The Separation Agreement contains a release of claims,
subject to customary exceptions.
The foregoing description of the Separation Agreement does not
purport to be complete and is qualified in its entirety by
reference to the Separation Agreement, a copy of which will be
filed with the Securities and Exchange Commission in the Company’s
Annual Report on Form 10-K for the year ended December 31,
2022.
SIGNATURE
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.
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Dated: January 5, 2023
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WM TECHNOLOGY, INC. |
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By: |
/s/ Arden Lee |
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Arden Lee |
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Chief Financial Officer |
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