Magnite Inc. filed SEC Form 8-K: Leadership Update
$MGNI
Computer Software: Programming Data Processing
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
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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.
SIGNATURE
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.
MAGNITE, INC. | |||||||||||
Date: | April 10, 2026 | By: | /s/ Aaron Saltz | ||||||||
Aaron Saltz | |||||||||||
Chief Legal Officer | |||||||||||