Xponential Fitness (XPOF) has announced the appointment of Mark King as its new Chief Executive Officer. King, who previously served as CEO of Taco Bell and TaylorMade, and President of Adidas North America, brings significant experience to the role. Following the announcement, Xponential Fitness shares rose by 7%. King's compensation package includes stock options priced at $11, with aggressive targets requiring the stock to reach $16 by the end of the year for a pro-rated bonus, and further targets of $25 and $30 in subsequent years. The stock closed at approximately $11.50 prior to the announcement.
$XPOF | Xponential Fitness shares are trading higher after the company announced the appointment of Mark King as CEO.
I've been posting for 5 months that $XPOF's stock price should easily regain $30 once fear over last year's bogus short report dissipates. Using $30 as a hurdle for the new $XPOF CEO's bonus comp is "aggressive" only relative to the current price. The current price is stupid. https://t.co/YhG0M0gBPg
I've been posting for 5 months that $XPOF's stock price should easily regain $30 once fear over last year's bogus short report dissipates. Using $30 as a hurdle for the new $XPOF CEO's 2026 cash comp is "aggressive" only relative to the current price. The current price is stupid. https://t.co/YhG0M0gBPg
$XPOF just hired a new CEO, and not sure I've ever seen more aggressive stock price targets in a package. CEO needs the stock to hit $16 by year end to get a pro-rated bonus for this year (stock closed at ~$11.50) Big leaps in vest target from year to year ($16 to $25 to $30) https://t.co/kGLRgoBOB0
$XPOF has already hired a new CEO (that was quick!). Former CEO of Taco Bell (big franchisor) and TaylorMade, President of Adidas North America. He should be great, and his joining is a big vote of confidence in the biz I'm sure he's thrilled to get his stock comp priced at $11!
$XPOF just announced that it has already hired a new CEO. Former CEO of Taco Bell (big franchisor) and TaylorMade, President of Adidas North America. He should be great, and he brings a big vote of confidence. I'm sure he's thrilled to get his stock comp priced at $11!
Xponential Fitness Announces Appointment of Mark King as Chief Executive Officer https://t.co/DPU7vKFqHv https://t.co/jsDkjWUr3p
$XPOF announced 60 seconds ago that it has already hired a new CEO (very, very quickly). He looks good on first glance. Stock immediately jumps another 7%.