MNTN, Inc. filed a Form 8-K on November 4, 2026, disclosing the appointment of Tony Weisman as President and Chief Executive Officer effective November 2, 2026, alongside the departure of outgoing CEO Mark Douglas and COO Christopher Innes, and the announcement of financial results for the quarter ended September 30, 2026.

Key Highlights

  • New CEO appointed: Tony Weisman, previously a Board member, was appointed President and Chief Executive Officer effective November 2, 2026.
  • Base salary and bonus: Weisman's employment agreement provides a base salary of $600,000 and a target bonus opportunity of $700,000.
  • Equity grants: Weisman is to receive an option to purchase 1,000,000 shares of Class A common stock and 400,000 restricted stock units, each vesting over four years.
  • Sign-on bonus: A $500,000 sign-on bonus was provided, subject to repayment under certain termination conditions within the first year of employment.
  • Outgoing CEO departure: Mark Douglas will terminate employment on December 3, 2026, following 30 days of paid leave.
  • COO departure: Christopher Innes ceased serving as Chief Operating Officer on November 2, 2026, and will terminate employment on December 1, 2026, with up to six months to exercise vested stock options.
  • Quarterly results announced: The company issued a press release on November 4, 2026, announcing financial results for the quarterly period ended September 30, 2026.

Leadership Transition at MNTN: Weisman's Role and Compensation Terms

According to the filing, MNTN, Inc. (NYSE:MNTN), a Delaware-incorporated company headquartered in Austin, Texas, that the filing identifies as an emerging growth company, underwent a significant leadership change on November 2, 2026. The Board appointed Tony Weisman, who had been serving as a non-employee Board member, to the role of President and Chief Executive Officer. The filing notes that as of the effective date, Weisman is no longer eligible to receive compensation under the Company's Non-Employee Director Compensation Program and forfeited the unvested portion of his restricted stock unit award granted to him as a non-employee director.

The filing discloses the terms of Weisman's employment agreement, dated November 2, 2026. Beyond base salary and bonus, the agreement specifies severance provisions: if Weisman is terminated without cause or resigns for good reason, he is entitled to 150% of his annual base salary, a pro-rated bonus based on actual performance, 18 months of continued healthcare coverage at the company's expense, and up to six months to exercise vested options. The filing further states that if such termination occurs within the period beginning three months before a change in control and ending one year after, Weisman would additionally receive 100% of his annual target bonus and accelerated vesting of all time-based equity awards.

The filing also reports that Mark Douglas, the outgoing President and CEO, and Christopher Innes, the outgoing COO, are each eligible for payments and benefits under their respective employment agreements. Both individuals must timely provide a release of claims against the company in order to receive severance benefits, according to the filing. MNTN separately furnished a press release as Exhibit 99.1 announcing financial results for the quarterly period ended September 30, 2026, though the financial details of that release are incorporated by reference rather than reproduced in the body of the 8-K.

What Was Disclosed

MNTN, Inc. disclosed the appointment of Tony Weisman as President and CEO effective November 2, 2026, the departures of Mark Douglas and Christopher Innes, the key terms of Weisman's employment agreement, and the furnishing of a press release covering third-quarter 2026 financial results.