Management ChangeMay 28, 2026, 04:39 PM
Cineverse CFO Mark Lindsey Transitions Out, Enters Consulting Agreement
AI Summary
Cineverse Corp. announced that Mark Lindsey transitioned out of his role as Chief Financial Officer, effective May 10, 2026. In connection with this, Mr. Lindsey and the company entered into a separation letter and a consulting agreement. Under the separation letter, Cineverse will continue to pay Mr. Lindsey his base salary for twelve months, and he provided customary releases and covenants. The consulting agreement stipulates that Mr. Lindsey will provide senior financial consulting services, with his restricted stock units continuing to vest until the agreement concludes on September 13, 2027.
Key Highlights
- Mark Lindsey transitioned out of the Chief Financial Officer role effective May 10, 2026.
- Cineverse will pay Mr. Lindsey his base pay for twelve months in monthly installments.
- Mr. Lindsey provided a broad form release and confidentiality covenants to the Company.
- Mr. Lindsey will provide senior financial consulting services to Cineverse.
- The consulting agreement ensures continued vesting of restricted stock units through September 13, 2027.
Price Impact
More from CNVS