Company: STGW
Filing Date: 2025-07-08
Form Type: 8-K
Source: 0001104659-25-066298
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Company: Stagwell Inc
Filing Date: 2025-07-08
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election                                           

On July 2, 2025, Ryan Greene was appointed Chief Financial Officer
of Stagwell Inc. (the “ Company”). Mr. Greene had previously served as Chief Operating Officer of the Company since August
2021. Upon Mr. Greene’s appointment as Chief Financial Officer, he ceased serving as Chief Operating Officer of the Company.

In connection with Mr. Greene’s appointment as Chief Financial
Officer, the Company and Mr. Greene agreed to the following material amendments to his compensation arrangements, effective as of July
1, 2025: (i) an increase in annualized base salary to $650,000 and (ii) an increase in annual discretionary bonus target to 80% of base
salary, with any such bonus payable up to 50% 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. The foregoing description of the material amendments
to Mr. Greene’s compensation arrangements is qualified in its entirety by reference to Amendment No. 1, dated as of July 2, 2025,
to Employment Agreement, by and between the Company and Ryan Greene, which is filed as Exhibit 10.1 to this Current Report on Form 8-K
and incorporated by reference herein.

Also on July 2, 2025, Frank Lanuto was appointed Executive Vice President,
Finance of the Company. Upon Mr. Lanuto’s appointment as Executive Vice President, Finance, and the appointment of Mr. Greene as
Chief Financial Officer, Mr. Lanuto ceased serving as Chief Financial Officer of the Company. The change in Mr. Lanuto’s position
is not a result of any disagreement with the Company or its Board of Directors relating to the Company’s operations, policies or
practices or any issues regarding its accounting policies or practices.

In connection with Mr. Lanuto’s change in position from Chief
Financial Officer to Executive Vice President, Finance, the Company and Mr. Lanuto agreed to the following material amendments to his
compensation arrangements, effective as of July 1, 2025: (i) a continued annualized base salary of $650,000, (ii) a decrease in annual discretionary
bonus target to 85% of base salary for 2025 and to 75% of base salary for 2026 and succeeding years, with any such bonus payable up to
25