Cineverse (NASDAQ: CNVS) renews CFO Mark Lindsey deal with equity and bonuses

Rhea-AI Filing Summary

Cineverse Corp. reported that it has entered into a new employment agreement with Mark Lindsey, effective as of September 14, 2025, under which he will continue to serve as the Company’s Chief Financial Officer through a term ending September 13, 2027, with automatic one-year renewals unless timely notice is given.

The agreement provides Mr. Lindsey with an annual base salary of $350,000, a target bonus opportunity of $175,000 under the Company’s Management Annual Incentive Plan, and restricted stock units for 71,699 shares of common stock under the 2017 Equity Incentive Plan, along with participation in standard senior executive benefit plans.

Upon a termination without cause or a resignation for good reason, Mr. Lindsey is entitled to 12 months of base salary, and if such a termination occurs within two years after a change in control during the term, he would instead receive a lump-sum payment equal to two times his then-current base salary plus his target bonus for the year of termination.

false000117320400011732042025-09-232025-09-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 23, 2025

Cineverse Corp.

(Exact name of Registrant as Specified in Its Charter)

Delaware			001-31810	22-3720962
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
224 W. 35th St. Suite 500, #947
New York, New York				10001
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (212) 206-8600

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
CLASS A COMMON STOCK, PAR VALUE $0.001 PER SHARE		CNVS		The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 23, 2025, Cineverse Corp. (the “Company”) entered into an employment agreement with Mark Lindsey (the “Lindsey Employment Agreement”). The Lindsey Employment Agreement is effective as of September 14, 2025 and supersedes the prior employment agreement between the Company and Mr. Lindsey. The Lindsey Employment Agreement has a term ending on September 13, 2027 with an automatic one-year renewal unless either party provides written notice to the other no later than ninety (90) days prior to the expiration of the initial term.

Pursuant to the Lindsey Employment Agreement, Mr. Lindsey will continue to serve as Chief Financial Officer of the Company. The Lindsey Employment Agreement also provides that Mr. Lindsey will receive an annual base salary of $350,000 and will be eligible for (i) a target bonus opportunity under the Company's Management Annual Incentive Plan ("MAIP") (the “Target Bonus”) of $175,000 consistent with goals established from time to time by the Compensation Committee, and (ii) under the Company's 2017 Equity Incentive Plan (the “Plan”), restricted stock units for 71,699 shares of Common Stock. Mr. Lindsey will also be entitled to participate in all benefit plans and programs that the Company provides to its senior executives.

The Lindsey Employment Agreement provides that, in the event of a termination without Cause (as defined in the Lindsey Employment Agreement) or a resignation for Good Reason (as defined in the Lindsey Employment Agreement), Mr. Lindsey shall be entitled to payment of 12 months’ base salary at the time of termination. In the event of, on or after September 14, 2025 and during the Term, and within two (2) years after a Change in Control (as defined in the Plan), a termination without Cause (other than due to death or disability), a resignation for Good Reason, or upon notice by the Company that it does not wish to renew the Term (as defined in the Lindsey Employment Agreement) (“CIC Termination”), then in lieu of receiving the amounts described above, Mr. Lindsey would be entitled to receive a lump sum payment equal to two times the sum of (a) his then-current annual Base Salary and (b) his Target Bonus under the MAIP for the year of termination.

The foregoing description of the Lindsey Employment Agreement is qualified in its entirety by reference to such agreement, which is filed herewith as Exhibits 10.1.

Item 9.01 Financial Statements and Exhibits.

EXHIBIT INDEX

Exhibit No.		Description
10.1		Employment Agreement between Cineverse Corp. and Mark Lindsey dated as of September 23, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:	September 29, 2025	By:	/s/ Gary S. Loffredo
		Name: Title:	Gary S. Loffredo Chief Legal Officer, Secretary and Senior Advisor

FAQ

What executive change did Cineverse Corp. (CNVS) disclose in this 8-K?

Cineverse Corp. disclosed a new employment agreement with Mark Lindsey, confirming that he will continue to serve as the Company’s Chief Financial Officer under updated terms.

What is Mark Lindsey’s base salary under the new Cineverse (CNVS) employment agreement?

Under the new agreement, Mark Lindsey’s annual base salary is set at $350,000.

What incentive compensation will the Cineverse (CNVS) CFO be eligible for?

Mark Lindsey is eligible for a $175,000 target bonus under the Management Annual Incentive Plan and restricted stock units for 71,699 shares of Cineverse common stock under the 2017 Equity Incentive Plan.

What severance is Mark Lindsey entitled to if terminated without cause at Cineverse (CNVS)?

If he is terminated without cause or resigns for good reason, Mark Lindsey is entitled to 12 months of base salary at the time of termination.

How does a change in control affect the Cineverse (CNVS) CFO’s severance benefits?

If, on or after September 14, 2025 and during the term, there is a qualifying termination within two years after a change in control, Mark Lindsey would receive a lump sum equal to two times his then-current annual base salary plus his target bonus for the year of termination.

How long is the term of Mark Lindsey’s new employment agreement with Cineverse (CNVS)?

The agreement runs through September 13, 2027, with an automatic one-year renewal unless either party gives written notice at least 90 days before the end of the initial term.