BRIGHTCOVE INC. (NASDAQ:BCOV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

BRIGHTCOVE INC. (NASDAQ:BCOV) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

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On April11, 2018, the Company issued a press release announcing that Jeff Ray has been named Chief Executive Officer and that Mr.Feinberg would transition from Acting Chief Executive Officer to President and Chief Operating Officer. A copy of the press release is furnished as Exhibit 99.3 to this Report on Form8-K.

On April11, 2018, the Company issued a press release announcing that Ms.Frank and Messrs. Ray and Wheeler have been appointed to the Board. A copy of the press release is furnished as Exhibit 99.4 to this Report on Form8-K.

The information in this Item 5.02 and Exhibits 99.3 and 99.4 attached hereto are intended to be furnished and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.

On April11, 2018, the Compensation Committee of the Board approved a revised Non-Employee Director Compensation Policy (the “Director Compensation Policy”), a copy of which is filed herewith as Exhibit 99.5 and incorporated by reference herein. Under the Director Compensation Policy, the Company’s non-employee directors will be compensated for service on the Board per the terms described above for Ms.Frank and Mr.Wheeler. In addition, our Board chairperson also receives an annual cash retainer of $50,000 for general availability and participation in meetings and conference calls of our Board. The Audit Committee chairperson receives an annual cash retainer of $15,000, each Audit Committee member receives an annual cash retainer of $7,500, the Compensation Committee chairperson receives an annual cash retainer of $10,000, each Compensation Committee member receives an annual cash retainer of $5,000, the Nominating and Corporate Governance Committee chairperson receives an annual cash retainer of $7,500 and each Nominating and Corporate Governance Committee member receives an annual cash retainer of $3,000.

Item 5.02. Financial Statements and Exhibits.

(d) Exhibits


BRIGHTCOVE INC Exhibit
EX-99.1 2 d568054dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Execution Version Amendment to Employment Agreement This Amendment to Employment Agreement (the “Agreement”) is made effective as of April 11,…
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About BRIGHTCOVE INC. (NASDAQ:BCOV)

Brightcove Inc. is a provider of cloud-based services for video. The Company’s flagship product is Brightcove Video Cloud (Video Cloud), an online video platform. Its other products include Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Gallery (Gallery), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite) and Brightcove Lift (Lift). Zencoder is a cloud-based video encoding service. Once is a cloud-based advertisement insertion and video stitching service. Gallery is a cloud-based service to create and publish video portals. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies designed to address the needs of marketers to drive awareness, engagement and conversion. Lift is a solution designed to defeat advertisement blockers, optimize advertisement delivery and deliver a television-like viewing experience across connected platforms.

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