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Posted 09 December, 2021

BuzzFeed, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:BZFD in a 8-K filed on 09 December, 2021.


  Further, in connection with the Two-Step Merger, effective as of the Closing, Adam Rothstein resigned from his position as 890's Executive Chairman, Emiliano Calemzuk resigned from his position as 890's Chief Executive Officer, Michael Del Nin resigned from his positions as 890's Chief Financial Officer and Chief Operating Officer, and each of Linda Yaccarino, Kelli Turner, David Bank, Scott Flanders and Jon Jashni resigned from their positions as directors of 890.  

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Overview of BuzzFeed, Inc.
Business/Consumer Services • Shell companies
890 5th Avenue Partners, Inc. operates as a blank check company, which is formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, recapitalization or other similar business combination with one or more businesses. The company was founded on September 9, 2020 and is headquartered in Rye, NY.
Market Cap
$47.8M
View Company Details
BuzzFeed, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


The information set forth above in the sections titled "Directors and Executive Officers," "Executive Compensation," "Certain Relationships and Related Person Transactions, and Director Independence" and "Indemnification of Directors and Officers" in Item 2.01 to this Report is incorporated by reference herein.


Further, in connection with the Two-Step Merger, effective as of the Closing, Adam Rothstein resigned from his position as 890's Executive Chairman, Emiliano Calemzuk resigned from his position as 890's Chief Executive Officer, Michael Del Nin resigned from his positions as 890's Chief Financial Officer and Chief Operating Officer, and each of Linda Yaccarino, Kelli Turner, David Bank, Scott Flanders and Jon Jashni resigned from their positions as directors of 890.


In addition, the 2021 Equity Incentive Plan and 2021 Employee Stock Purchase Plan became effective upon the Closing. The material terms of each of the 2021 Equity Incentive Plan and 2021 Employee Stock Purchase Plan are described in the Proxy Statement/Prospectus in the sections entitled "The Incentive Plan Proposal" and "The Employee Stock Purchase Plan Proposal" beginning on pages 133 and 140 thereof, respectively, which are incorporated by reference herein.


Following the Closing of the Business Combination, the Company entered into indemnification agreements with each of its newly elected directors and officers (the "Indemnification Agreements"). The Indemnification Agreements provide the directors and executive officers with contractual rights to indemnification and expense advancement. The foregoing description of the Indemnification Agreements is not complete and is subject to, and qualified in its entirety by reference to, the text of the form of Indemnification Agreement, which is included as Exhibit 10.16 and is incorporated by reference herein.