UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
Current Report Pursuant to Section 13 or
15(d)
of the Securities Exchange Act of 1934
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 17, 2020, MDC Partners Inc. (the “Company”) and Jonathan Mirsky, the Company’s General Counsel and Corporate Secretary, mutually agreed to end his employment with the Company effective September 30, 2020. In connection with his departure, Mr. Mirsky entered into a Separation Agreement and General Release dated September 22, 2020 (the “Separation Agreement”).
Subject to the terms and conditions of the Separation Agreement, Mr. Mirsky will be eligible to receive the severance benefits described in his employment agreement for a termination without cause, as well as limited entitlement to receive a prorated amount of his previously granted long-term incentive awards. The description contained herein of the Separation Agreement is qualified in its entirety by reference to the terms of the Separation Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
The Company’s Executive Vice President, David Ross, has assumed the additional role of General Counsel and Corporate Secretary effective immediately.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 10.1 | Separation Agreement and General Release dated September 22, 2020. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 23, 2020 | ||
| MDC Partners Inc. | ||
| By: | /s/ David Ross | |
| David Ross | ||
| Executive Vice President | ||
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