Company: STGW
Filing Date: 2025-07-08
Form Type: 8-K
Source: 0001104659-25-066298
Chunk: 1

Company: Stagwell Inc
Filing Date: 2025-07-08
Form: 8-K
Item: Item 5.02
Chunk 1
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% in restricted stock units for shares of the Company’s Class A common stock which will vest one year following the applicable
grant date, at the Company’s discretion, and (iii) a target award amount under the Company’s long-term equity incentive plan
of approximately $619,000 for 2026 and of approximately $300,000 for 2027 and succeeding years. The foregoing description of the material
amendments to Mr. Lanuto’s compensation arrangements is qualified in its entirety by reference to Amendment No. 2, dated as of July
2, 2025, to Employment Agreement, by and between the Company and Frank Lanuto, which is filed as Exhibit 10.2 to this Current Report on
Form 8-K and incorporated by reference herein.

Additional information regarding the backgrounds and compensation arrangements
of Messrs. Greene and Lanuto is included in Part III, Item 10 of the Company’sAnnual
Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the “ SEC”)
on March 11, 2025, and in the Company’sdefinitive
proxy statement for its 2025 annual meeting of stockholders, filed with the SEC on April 25, 2025, and such information is incorporated
herein by reference.

There are no arrangements or understandings between Mr. Greene and
other persons or between Mr. Lanuto and other persons pursuant to which they were appointed as Chief Financial Officer and Executive Vice
President, Finance, respectively. Neither Mr. Greene nor Mr. Lanuto has a family relationship with any director or executive officer of
the Company. Neither Mr. Greene nor Mr. Lanuto has engaged in any transaction with the Company that would be reportable as a related party
transaction under Item 404(a) of Regulation S-K.

In connection with the appointments described above, the Company
determined to eliminate the stand-alone role of Chief Accounting Officer. On July 7, 2025, the Company notified Vincenzo DiMaggio,
Chief Accounting Officer of the Company, of this decision. Mr. DiMaggio will depart the Company on a date to be determined. The
Company expects that following Mr. DiMaggio’s departure, or beginning at such earlier time as designated by
the Board of Directors of the Company, Mr. Lanuto will serve as principal accounting officer of the Company.

The elimination of the Chief Accounting Officer role and Mr. Di