Direct Digital Holdings Inc. has announced amendments to its executive employment agreements, effective May 27, 2025, for CEO Mark Walker, President Keith Smith, and CFO Diana Diaz. The executives' annual base salaries will remain at $500,000 for Walker and Smith, and $350,000 for Diaz. They will continue to receive annual cash bonuses and equity awards as determined by the Board's Compensation Committee. Key changes include enhanced severance benefits in the event of a termination without cause or resignation for good reason, with twelve months of salary continuation, or twenty-four months if the event occurs within two years of a change in control. Additionally, the lump sum severance payment has been increased to two times the target annual bonus opportunity in the latter scenario. The agreements now also extend non-competition and non-solicitation covenants to eighteen months following such severance events.
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