THEMAVEN, INC. (OTCMKTS:MVEN) Files An 8-K Other Events
Item 8.01
On March 30, 2020, TheMaven, Inc. (the “Company”) issued a Press Release announcing its broad cost-containment initiative. The press release is attached hereto as Exhibit 99.1.
Item 9.01 — Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description |
| 99.1 | Press Release, dated March 30, 2020 |
theMaven, Inc. Exhibit
EX-99.1 2 ex99-1.htm Exhibit 99.1 Maven Announces Broad Cost-Containment Initiative Including 9% Staff Layoff Letter to employees outlines response to economic downturn triggered by pandemic SEATTLE – Maven Media Brands today announced a wide-ranging cost-containment plan to get ahead of the economic tumult triggered by the novel coronavirus pandemic and ensure the ongoing strength of the company. The initiative includes a staff reduction of 31 people (9 percent of the 332-person workforce); a 30-percent cut in senior management compensation; and accelerated efficiencies in non-payroll expenses. In addition,…
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About THEMAVEN, INC. (OTCMKTS:MVEN)
theMaven, Inc., formerly Integrated Surgical Systems, Inc., is a development-stage company. The Company is engaged in developing a network of professionally managed online media channels, with an underlying technology platform. The Company offers theMaven platform, which is a group media network featuring content across multiple content segments. The Company’s platform provides value to independent publishers through distribution; engagement for their content and community; monetization through a range of advertising partnerships and membership programs, and tools to manage their audience and growth. It focuses on operating each channel by a Channel Partner drawn from subject matter experts, reporters, group evangelists and social leaders. The Company operates a Website at themaven.net. It focuses on incorporating mobile, video, communications, social, notifications and other technology into its theMaven platform, including DevOps processes and a cloud-based back-end.