Teads Holding Co. filed a Form 8-K on November 5, 2026, disclosing the appointment of Michael Coyle as Chief Financial Officer effective November 11, 2026, alongside the release of its financial results for the quarter ended September 30, 2026.

Key Highlights

  • New CFO appointed: Michael Coyle, age 53, will serve as Chief Financial Officer effective November 11, 2026.
  • Predecessor transitioning: Jason B. Kiviat will cease serving as CFO as of November 10, 2026, and will move to an advisory role with the company.
  • Base salary: Coyle's annual base salary is set at $500,000 effective as of the start date, according to the filing.
  • Bonus terms: A target annual cash bonus of $400,000 was disclosed, with a guaranteed minimum bonus for 2027 equal to 75% of target.
  • Equity grant: Coyle will receive 300,000 restricted stock units under the company's equity incentive plan.
  • Prior background: Coyle most recently served as Managing Director at The Depository Trust & Clearing Corporation (DTCC) from October 2015 to March 2026, and previously held roles at Merck & Co. and PricewaterhouseCoopers LLP.
  • Q3 2026 results: The company also issued a press release announcing financial results for the quarter ended September 30, 2026, furnished as Exhibit 99.1.

Coyle's Appointment Terms and Kiviat's Transition at Teads

According to the filing, Teads Holding Co. (NASDAQ:TEAD) announced on November 5, 2026 that Michael Coyle will assume the role of Chief Financial Officer on November 11, 2026. His predecessor, Jason B. Kiviat, will step down from the CFO position on November 10, 2026, and the filing states he "will thereafter transition to an advisory role with the Company." The filing notes that the terms of Kiviat's advisory arrangement will be disclosed in accordance with SEC rules once finalized.

The filing describes Coyle's compensation package as including an annual base salary of $500,000, a target annual cash bonus of $400,000 with a guaranteed minimum for 2027 of 75% of target, and a grant of 300,000 restricted stock units. Severance provisions are also detailed: outside of a change-in-control period, a termination without cause after the two-month anniversary of the start date would entitle Coyle to a lump sum equal to his annual base salary, any unpaid annual bonus for a completed calendar year, a discretionary pro-rata bonus, and six months of subsidized COBRA premiums. Within a change-in-control window, the filing states that all outstanding equity awards would vest in full. Coyle is also subject to a twelve-month non-competition covenant and twelve-month non-solicitation obligations covering employees and customers.

The filing describes Coyle's professional background as including 13 years at PricewaterhouseCoopers LLP, senior finance leadership at DTCC from October 2015 to March 2026, and roles at Merck & Co. from May 2008 to September 2015. He holds a Bachelor of Science in Business Administration from La Salle University, a joint Executive MBA from Columbia Business School and the London Business School, and is a Certified Public Accountant (inactive), according to the filing. The filing states there are no family relationships between Coyle and any director, director nominee, or executive officer of the company.

What Was Disclosed

Teads Holding Co. disclosed the appointment of Michael Coyle as CFO effective November 11, 2026, the transition of Jason B. Kiviat to an advisory role, the material terms of Coyle's Employment Agreement, and the furnishing of Q3 2026 financial results via press release.