RDVT 8-K — Smart Summary
70% reductionRed Violet, Inc. disclosed the resignation of director Peter Benz effective March 4, 2025, and the subsequent appointment of Greg Strakosch to fill the resulting Board vacancy, also effective March 4, 2025. Additionally, the Board made committee reassignments to replace Mr. Benz's prior committee roles.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Executive Compensation
- Greg Strakosch — annual cash compensation of $25,000, payable in quarterly installments; initial equity grant of restricted stock units with an approximate value of $75,000, vesting one-third of the award on each of March 1, 2026, March 1, 2027, and March 1, 2028
- Lisa Stanton — appointed Audit Committee Chair effective March 4, 2025, replacing Mr. Benz; determined to be an audit committee financial expert as defined in Item 407 of Regulation S-K; no additional compensation terms disclosed
- William Livek — appointed to serve as a member of the Audit Committee, Compensation Committee, and Corporate Governance and Nominating Committee effective March 4, 2025, replacing Mr. Benz; no additional compensation terms disclosed
Departures
- Director Peter Benz — resigned from the Board and all its committees effective March 4, 2025, to pursue other business commitments; departure was not due to any disagreement related to the Company's operations, financial statements, internal controls, auditors, policies or practices
Elections
- Director Greg Strakosch — appointed to the Board effective March 4, 2025 to fill the vacancy created by Mr. Benz's resignation; to serve until the 2025 annual meeting of stockholders; age 62; formerly Executive Chairman of TechTarget, Inc. from May 2016 through December 2024, previously CEO from September 1999 to May 2016 and Chairman from 2007 to May 2016; holds a B.A. from Boston College; determined to be independent under NASDAQ and SEC requirements; not appointed to serve on any Board committee
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