Brightcove Inc. (BCOV) has issued an update.
Brightcove Inc. has appointed John Wagner, an experienced financial executive with a history at EverQuote, Inc. and other tech companies, as their new Chief Financial Officer and other principal financial roles, effective April 10, 2024. Wagner’s comprehensive compensation package includes a $425,000 base salary with potential annual increases, 65% target annual incentive compensation, severance benefits, and 275,000 restricted stock units vesting over three years. Additionally, Wagner’s agreement includes confidentiality and non-compete clauses, with no familial or material interests conflicting with the company’s directors or officers. Concurrently, the company has amended its director and officer indemnification agreement to provide more specific protections and presumptions of good faith for its indemnitees.
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