Magnite Inc.
04/10/2026 | Press release | Distributed by Public on 04/10/2026 14:02
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 April 7, 2026, Magnite, Inc. (the "Company") announced that Adam Soroca would cease serving as the Company's Chief Product Officer, effective April 8, 2026. Mr. Soroca will remain employed with the Company as an advisor through May 15, 2026. In connection with his termination of employment, Mr. Soroca will be entitled to severance benefits in accordance with the terms of the Executive Severance and Vesting Acceleration Agreement, between the Company and Mr. Soroca, as further described in the Company's Proxy Statement for the 2025 Annual Meeting of Stockholders, filed with the SEC on April 16, 2025.
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