DEF 14A of Marketwise, Inc.
Filed Apr 17, 2026 · FY20250001805651-26-000035
Forward Looking Statements
| Michael Palmer has been our Managing Director and Copywriter since 2008 and has served as a member of our Board of Directors since July 2021. Mr. Palmer is responsible for helping to develop, train, and mentor copywriting teams at our various businesses, and to write marketing copy from time to time for these businesses. Mr. Palmer started working in the consumer publishing industry more than 25 years ago, and has worked as an assistant editor, managing editor, copywriter, and head copywriter since then, hiring and training many of the top copywriters at MarketWise today. Mr. Palmer earned a B.A. in English from James Madison University and a M.A. in Publication Design from the University of Baltimore. We believe Mr. Palmer is qualified to serve on our Board of Directors due to his extensive experience in the consumer and financial publishing industry. | | Matthew Smith has served as a member of our Board of Directors since May 2023. Mr. Smith is the founder of Royalty Exchange, Inc., where he has served on the board of directors since 2016 and previously served as the Chief Executive Officer from 2016 until 2021. Mr. Smith has also served on the board of directors of iTime Marketing, Inc. since 2002. Mr. Smith previously served as the Chief Executive Officer of Stansberry & Associates Investment Research, LLC, one of our financial publishing subsidiaries, from July 2012 until December 2015. Mr. Smith attended the University of Illinois from 1993 to 1995. We believe Mr. Smith is qualified to serve on our Board of Directors due to his prior experience with the Company and in the financial publishing industry. | | Frank Porter Stansberry is the founder of MarketWise. Mr. Stansberry rejoined our Board of Directors in September 2023, and served as our Chief Executive Officer and Chairman of the Board from October 2023 until August 2024. Mr. Stansberry also previously served as Chairman of the Board until 2020. In April 2022, Mr. Stansberry founded Porter & Company, a publisher of investment research advisories for self-directed investors. In addition to his 25+ year career as a financial analyst and publisher, Mr. Stansberry is also the founder of OneBlade, Inc., a men's luxury shaving brand. Mr. Stansberry holds a B.A. in Political Science and Government from the University of Florida. We believe Mr. Stansberry is qualified to serve on our Board of Directors because he has founded several financial publishing companies including MarketWise and worked in a variety of roles in the financial publishing industry for more than 25 years. | | Glenn H. Tongue has served as a member of our Board of Directors since May 2023. Mr. Tongue is the General Partner of Deerhaven Capital Management and the sole Portfolio Manager of the Deerhaven Fund. Previously he was a General Partner and Co-Manager of T2 Partners Management from April 2004 to July 2012 and was the co-manager of three private investment partnerships: the Tilson Growth Fund, the Tilson Offshore Fund and the T2 Qualified Fund. Mr. Tongue holds an M.B.A. from The Wharton School at the University of Pennsylvania and a B.S. in Electrical Engineering and Computer Science from Princeton University. We believe Mr. Tongue is qualified to serve on our Board of Directors due to his extensive experience in finance. |
2025 Performance Highlights
| SUMMARY COMPENSATION TABLE |
2025 Performance Highlights
| Name and Principal Position | Year | Salary ($) | Bonus ($) | Stock Awards ($) | Option Awards ($) | Non-Equity Incentive Plan Compensation ($) | Nonqualified Deferred Compensation Earnings ($) | All Other Compensation ($) | Total | | Dr. David Eifrig, Chief Executive Officer | 2025 | 909,677 | — | — | — | 994,133(1) | — | 10,500(10) | 1,914,310 | | | 2024 | 750,000 | — | 750,000(2) | — | 289,124(3) | — | 10,350(11) | 1,799,474 | | Erik Mickels, Chief Operating and Financial Officer | 2025 | 1,000,000 | 233(4) | — | — | 2,000,000(5) | — | 10,500(10) | 3,010,733 | | | 2024 | 1,000,000 | 500,265(6) | 1,466,250(2) | — | — | — | 233,121(7) | 3,199,636 | | Marco Galsim, Chief Information Officer | 2025 | 525,000 | 146,233(8) | — | — | — | — | 10,500(10) | 681,733 | | | 2024 | 475,000 | 131,133(9) | 584,749(2) | — | — | — | 10,350(11) | 1,201,232 |
Executive Severance Plan
| PAY VERSUS PERFORMANCE TABLE |
Executive Severance Plan
| Year | Summary Compensation Table Total for PEO 1 (1) | Compensation Actually Paid to PEO 1 (2) | Summary Compensation Table Total for PEO 2 (3) | Compensation Actually Paid to PEO 2 (4) | Average Summary Compensation Table Total for Non-PEO NEOs (5) | Average Compensation Actually Paid to Non-PEO NEOs (6) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return (7) | Net Income (in thousands) (8) | | 2025 | $1,914,310 | $2,074,502 | $— | $— | $1,846,233 | $2,030,712 | $33.03 | $64,041 | | 2024 | $1,799,474 | $1,422,821 | $23,478 | $23,478 | $2,200,434 | $1,071,839 | $21.86 | $93,108 |
Executive Severance Plan
| OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END |
Marco Galsim
| DIRECTOR COMPENSATION |
Marco Galsim
| Name | Fees Earned or Paid in Cash (1) ($) | Stock Awards (2) ($) | Total ($) | | Van Simmons | 89,000(3) | 125,000 | 214,000 | | Matthew Smith | 66,000(3) | 125,000 | 191,000 | | Glenn Tongue | 106,000(3) | 135,000 | 241,000 | | Matthew Turner | 111,000 | 135,000 | 246,000 | | F. Porter Stansberry | 60,000 | 125,000 | 185,000 |