Planet Fitness, Inc. 8-K

What Happened

• Planet Fitness, Inc. announced on March 9, 2026 that Chief Financial Officer Jay Stasz departed the company effective that date; the company stated the departure was not due to any dispute over financial reporting.
• Tom Fitzgerald (age 65) was named interim Chief Financial Officer effective March 9, 2026. Fitzgerald previously served as Planet Fitness CFO from January 2020 through November 14, 2024, remained employed through December 31, 2024, and has provided consulting services periodically since then.
• The company has begun a search for a permanent CFO with assistance from an executive search firm.

Key Details

• Interim employment agreement dated March 5, 2026: initial term of 6 months with up to month-to-month extensions.
• Compensation: $250,000 per month for Mr. Fitzgerald as interim CFO.
• Contract terms: Fitzgerald is not eligible for the company’s Executive Severance & Change in Control Policy and has agreed to non‑competition and non‑solicitation restrictions during employment and for one year after.
• Mr. Stasz will be eligible for severance as an “Eligible Employee” under Planet Fitness’s Executive Severance & Change in Control Policy.

Why It Matters

• A CFO change is material for investors because the CFO oversees financial reporting, forecasting and investor communications; an interim appointment and active search indicate management is addressing the role while maintaining continuity through a former CFO familiar with the company.
• The interim pay rate ($250k/month) and the limited-term agreement are concrete costs and governance details investors may factor into near-term operating and compensation considerations. The filing confirms no dispute over financial statements, which addresses a common investor concern during executive transitions.