Webtoon Entertainment Inc.
03/30/2026 | Press release | Distributed by Public on 03/30/2026 15:34
Management Change/Compensation (Form 8-K)
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 26, 2026, the Board of Directors (the "Board") of WEBTOON Entertainment Inc. (the "Company") approved a housing assistance policy (the "Housing Assistance Policy") for the Company's Chief Executive Officer (the "CEO") in connection with the relocation of the CEO's primary residence from Korea to the United States for business operational purposes.
Under the Housing Assistance Policy, the CEO will receive a fixed annual cash allowance of $250,350, paid on a monthly basis. The CEO must be actively employed at the time of payment to be eligible for this benefit.
The foregoing description of the Housing Assistance Policy does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Housing Assistance Policy, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
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