Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
(e)
As previously disclosed in the Company's Current Report on Form 8-K filed March
12, 2021, Jordan Fiksenbaum resigned from his position as President of fuboTV
Inc., a Florida corporation, (the "Company"), effective as of March 8, 2021 (the
"Resignation Date"). Mr. Fiksenbaum was designated President of the Company
prior to the merger of Facebank Group Inc. and fuboTV in April 2020. His
resignation represents an amicable alignment of his post-merger current
responsibilities to his role. More specifically, Mr. Fiksenbaum will remain a
director and officer of Pulse Evolution Corporation, an entity in which the
Company is a majority owner, and focus on that business. The Company has no
current intent to designate a Company president and David Gandler will continue
to lead the Company as its CEO as he has since the merger in April 2020.
The Company and Mr. Fiksenbaum have agreed (i) to enter into a Separation and
Settlement Agreement and Release dated as of March 18, 2021 (the "Separation
Agreement"), and, (ii) that Mr. Fiksenbaum will provide services to Pulse
Evolution Corporation pursuant to the terms of a consulting agreement by and
among the Company and HC Marketing, LLC, a company controlled by Mr. Fiksenbaum,
dated as of March 18, 2021 (the "Consulting Agreement").
Under the terms of the Separation Agreement, Mr. Fiksenbaum will be paid a total
of Three Hundred Thousand Dollars ($300,000) to be paid in equal monthly
installments of Twenty-Five Thousand U.S. Dollars ($25,000) over the first 12
months following the Effective Date (as defined in the Separation Agreement) in
exchange for a general release of claims against the Company and in satisfaction
of any outstanding monetary obligations of the Company to Mr. Fiksenbaum.
A copy of the Separation Agreement, is attached hereto as Exhibit 10.1 and is
incorporated herein by reference. The foregoing summary of the material terms of
the Separation Agreement does not purport to be complete and is qualified in its
entirety by reference to Exhibit 10.1.
Under the terms of the Consulting Agreement, Mr. Fiksenbaum will be paid equal
monthly installments of Fifteen Thousand U.S. Dollars ($15,000) over the first
12 months following the Effective Date (as defined in the Consulting Agreement)
for an aggregate payment of One Hundred Eighty Thousand U.S. Dollars ($180,000)
in exchange for the performance of certain services to be provided to Pulse
Evolution Corporation.
A copy of the Consulting Agreement, is attached hereto as Exhibit 10.2 and is
incorporated herein by reference. The foregoing summary of the material terms of
the Consulting Agreement does not purport to be complete and is qualified in its
entirety by reference to Exhibit 10.2.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Description
10.1 Separation Agreement, by and among the Company and Jordan
Fiksenbaum, dated as of March 18, 2021.
10.2 Consulting Agreement, by and among the Company and HC Marketing,
LLC, a company controlled by Jordan Fiksenbaum, dated as of March
18, 2021.
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FUBOTV INC. 
