Management ChangeMay 6, 2026, 04:09 PM
Bright Mountain Media Appoints New CFO; Ethan Rudin Departs
AI Summary
Bright Mountain Media, Inc. announced the departure of its Chief Financial Officer, Ethan Rudin, effective April 30, 2026. Mr. Rudin will receive six months' base salary as severance. Concurrently, the company appointed Mr. Olgun, age 43, as the new Chief Financial Officer, effective May 1, 2026. Mr. Olgun will receive an annual base salary of $335,000, an annual bonus up to 50% of his base salary, and options to purchase 1,000,000 shares of common stock.
Key Highlights
- Ethan Rudin departed as Chief Financial Officer on April 30, 2026.
- Mr. Rudin will receive severance pay equal to six months of his base salary.
- Matt Drinkwater, CEO, will serve as interim principal financial and accounting officer.
- Mr. Olgun, age 43, was appointed as the new Chief Financial Officer, effective May 1, 2026.
- Mr. Olgun's annual base salary is $335,000, with eligibility for an annual bonus up to 50% of his base salary.
- He was granted options to purchase 1,000,000 shares of common stock at an exercise price of $0.004 per share.
- Mr. Olgun previously served as CFO of Loop Media, Inc. from March 2022 to October 2025.
Price Impact
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