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DoubleVerify Holdings , Inc. (NYSE:DV) announced Monday it has entered into an amended and restated employment agreement with Chief Executive Officer Mark Zagorski. The agreement, effective July 21, 2025, provides for Mr. Zagorski’s continued role as CEO.
According to the company’s statement in a press release and SEC filing, the new contract sets Mr. Zagorski’s annual base salary at $669,500. He will also be eligible for a target annual bonus equal to 100% of his base salary. In addition, the agreement includes a grant of time-vesting restricted stock units with a grant date fair value of $2,500,000.
The term of the agreement continues until either party terminates employment, as outlined in the contract. With the company’s next earnings report due on August 5, investors can access comprehensive analysis and 13 additional ProTips through InvestingPro’s detailed research report. If DoubleVerify terminates Mr. Zagorski’s employment without cause, or if he resigns for “good reason” as defined in the agreement, he will be entitled to continued base salary for twelve months and certain health benefits for two years following termination. If such a termination occurs after January 1 of a calendar year but before the bonus for the preceding year is paid, Mr. Zagorski will receive 100% of his target bonus for that year.
If Mr. Zagorski resigns without “good reason” after January 1 and before payment of the previous year’s bonus, he will receive the bonus accrued based on actual performance.
The amended agreement also includes standard restrictive covenants and confidentiality obligations.
This information is based on a company press release and a Form 8-K filing with the Securities and Exchange Commission.
In other recent news, DoubleVerify has seen several updates from analysts regarding its financial outlook and stock ratings. KeyBanc has raised its revenue and earnings estimates for DoubleVerify, increasing its 2025 revenue forecast by 3% to $744 million and its 2026 estimate by 2% to $824 million. The firm also adjusted its EBITDA projections, with a 3% increase for 2025 to $238 million and a 1% rise for 2026 to $265 million, noting that the company’s core business seems to be stabilizing with the introduction of new products. Meanwhile, Craig-Hallum has lowered its price target for DoubleVerify to $20.00 from $22.00, maintaining a Buy rating on the stock. Citizens JMP and JMP Securities have both reiterated their Market Outperform ratings for DoubleVerify, each setting a price target of $20.00. These analyses highlight the value of high-attention advertisements and creative content in advertising performance. In separate developments, Osisko Development Corp. has filed an update on its Cariboo Gold Project in British Columbia, Canada, with the SEC. The filing includes a technical report on the feasibility study of the project, covering aspects like geology, mineralization, and planned operations.
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