Research Reports

Key takeaways

Sean McCabe appointed as CFO effective April 20, 2026, with an employment agreement term ending March 31, 2028 and automatic one-year renewal.

McCabe's compensation includes a $340,000 annual base salary, a target bonus opportunity of 50% of base salary, and 50,000 RSUs vesting over three years.

Mark Lindsey will transition out of the CFO role effective May 10, 2026, with the company in discussions for a consulting agreement.

McCabe previously served as VP of Accounting and Finance at Publisher First, Inc. dba Freestar and as Vice President and Corporate Controller at Cineverse in 2023-2024.

The employment agreement provides for severance payments of 12 months' base salary for termination without cause or resignation for good reason.

In a change in control scenario within two years, McCabe would receive a lump sum payment equal to two times his base salary plus target bonus.

Full analysis

Cineverse Corp. has executed a planned leadership transition in its finance function, bringing back Sean McCabe as Chief Financial Officer while transitioning current CFO Mark Lindsey into a consulting role. McCabe's appointment represents a strategic return of an executive familiar with the company's operations, having previously served as Vice President and Corporate Controller at Cineverse in 2023-2024. His recent experience at Freestar in the ad-tech sector aligns with Cineverse's expansion into advertising technology through its acquisition of IndiCue. The structured employment agreement provides stability with a term through March 2028 and competitive compensation including equity incentives tied to long-term retention. The transition period allows for continuity as Lindsey remains through May 10 while discussions for his consulting agreement proceed. This executive change positions Cineverse with financial leadership experienced in both the company's core operations and its newer advertising technology initiatives.

CNVS · Cineverse Corp.

Summary

Key takeaways

Full analysis