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Posted 17 October, 2023

Kubient, Inc. appointed Elisabeth DeMarse as new CEO

Nasdaq:KBNT appointed new Chief Executive Officer Elisabeth DeMarse in a 8-K filed on 17 October, 2023.


  On September 22, 2023, the board of directors (the "Board") of Kubient, Inc. (the "Company") appointed Elisabeth DeMarse as Interim Chief Executive Officer of the Company.  

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Overview of Kubient, Inc.
Technology • Software
Kubient, Inc. operates as a video advertising technology company, which offers a full stack programmatic platform. Its Audience Marketplace omichannel offers a single solution for both buyers and sellers to transact with confidence in an open, honest, and fraud-free environment. The company was founded by Paul Roberts in May 2017 and is headquartered in New York, NY.
Market Cap
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Kubient, 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.


On September 22, 2023, the board of directors (the "Board") of Kubient, Inc. (the "Company") appointed Elisabeth DeMarse as Interim Chief Executive Officer of the Company. Ms. DeMarse will continue to serve on the Board.


On October 16, 2023, the Company entered into an employment agreement (the "DeMarse Agreement") with Ms. DeMarse in consideration for her service to the Company. Under the terms of the DeMarse Agreement, Ms. DeMarse will receive a base salary of $180,000 per year, less payroll deductions and all required taxes and withholdings, payable in accordance with the Company's normal payroll practices, and prorated for any partial year of employment. The Company agreed to reimburse Ms. DeMarse for all reasonable, documented, out-of-pocket travel, and other business expenses incurred by Ms. DeMarse in the performance of her duties to the Company in accordance with the Company's applicable expense reimbursement policies and procedures as in effect from time to time.


Upon termination of Ms. DeMarse's employment for any reason, she shall be entitled to receive, within ten (10) days after applicable termination date (or such earlier date as may be required by applicable law): (i) any portion of her base salary earned through her termination date not theretofore paid; (ii) any expense reimbursements owed to her under the terms of the DeMarse Agreement; (iii) any accrued but unused vacation pay owed to her; and (iv) any amount arising from her participation in, or benefits under, any of the Company's employee benefit plans, programs, or arrangements, which amounts shall be payable in accordance with the terms and conditions of such employee benefit plans, programs, or arrangements.


The foregoing description of the DeMarse Agreement does not purport to be complete and is qualified in its entirety by reference to the DeMarse Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.