TKO said it entered into a Term Employment Agreement with Seth Krauss, its Chief Legal and Administrative Officer, on January 12, 2024. The term runs from January 1, 2024 to December 31, 2027.

1. 01

   TKO said it entered into a Term Employment Agreement with Seth Krauss, its Chief Legal and Administrative Officer, on January 12, 2024. The term runs from January 1, 2024 to December 31, 2027.

2. 02

   The company said it will pay Krauss an annual base salary of $2,000,000 over the term, pro-rated for partial calendar years. He is eligible for a discretionary annual bonus for fiscal 2023, and a target bonus of $2,000,000 thereafter.

3. 03

   TKO said it granted a one-time equity award of 39,109 restricted stock units, vesting in four equal annual installments from 2024 through 2027 on December 31. It also said the target annual equity award is $1,216,438 for fiscal 2023, and $4,000,000 for each full fiscal year thereafter.

4. 04

   The company said that if Krauss is terminated without Cause or resigns for Good Reason, he will receive continued base salary, his target bonus for the year of termination, and accelerated vesting of unvested time-based awards. Non-competition and non-solicitation restrictions apply for up to 2 years after termination.

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Original filing

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