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Cineverse Appoints Rey Puentenegra as Vice President, Corporate Controller

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Cineverse (NASDAQ: CNVS) has appointed Rey Puentenegra as Vice President, Corporate Controller, effective immediately. With over 20 years of experience across Industry, Audit and Regulatory Sectors, Puentenegra will oversee all financial and accounting functions, reporting to CFO Mark Lindsey. His responsibilities include managing accounting operations, regulatory reporting, audit preparation, and internal control policies. Previously Controller at YOUNGLA, Puentenegra has held positions at major firms including KPMG, PwC, and PCAOB. As part of his appointment, he received 85,000 stock appreciation rights with a ten-year term, exercise price of $2.74, vesting over three years from 2025 to 2027.

Cineverse (NASDAQ: CNVS) ha nominato Rey Puentenegra come Vice Presidente e Corporate Controller, con effetto immediato. Con oltre 20 anni di esperienza nei settori dell'Industria, Audit e Normative, Puentenegra supervisionerà tutte le funzioni finanziarie e contabili, riportando al CFO Mark Lindsey. Le sue responsabilità includono la gestione delle operazioni contabili, la reportistica normativa, la preparazione degli audit e le politiche di controllo interno. In precedenza Controller at YOUNGLA, Puentenegra ha ricoperto ruoli presso importanti aziende tra cui KPMG, PwC e PCAOB. Come parte della sua nomina, ha ricevuto 85.000 diritti di apprezzamento azionario con un termine di dieci anni, prezzo di esercizio di $2,74, con un periodo di maturazione di tre anni dal 2025 al 2027.

Cineverse (NASDAQ: CNVS) ha nombrado a Rey Puentenegra como Vicepresidente y Controlador Corporativo, con efecto inmediato. Con más de 20 años de experiencia en los sectores Industrial, de Auditoría y Regulatorios, Puentenegra supervisará todas las funciones financieras y contables, reportando al CFO Mark Lindsey. Sus responsabilidades incluyen la gestión de las operaciones contables, la elaboración de informes regulatorios, la preparación de auditorías y las políticas de control interno. Anteriormente Controller en YOUNGLA, Puentenegra ha ocupado puestos en importantes firmas como KPMG, PwC y PCAOB. Como parte de su nombramiento, recibió 85,000 derechos de apreciación de acciones con un plazo de diez años, un precio de ejercicio de $2.74, con un periodo de consolidación de tres años desde 2025 hasta 2027.

시네버스 (NASDAQ: CNVS)가 레이 푸엔테네그라를 부사장 겸 기업 회계 책임자로 즉시 임명했습니다. 산업, 감사 및 규제 부문에서 20년 이상의 경험을 가진 푸엔테네그라는 모든 재무 및 회계 기능을 감독하며, CFO 마크 린지에게 보고합니다. 그의 책임에는 회계 운영, 규제 보고, 감사 준비 및 내부 통제 정책 관리가 포함됩니다. YOUNGLA에서 Controller로 근무하기 전, 푸엔테네그라는 KPMG, PwC 및 PCAOB와 같은 주요 기업에서 직책을 맡았습니다. 그의 임명 일환으로 85,000개의 주식 가치 상승 권리를 받고, 10년 기한으로 $2.74의 행사 가격이 설정되었으며, 2025년부터 2027년까지 3년 동안 분할 지급됩니다.

Cineverse (NASDAQ: CNVS) a nommé Rey Puentenegra au poste de Vice-Président et Contrôleur Corporatif, avec effet immédiat. Fort de plus de 20 ans d'expérience dans les secteurs de l'Industrie, de l'Audit et des Régulations, Puentenegra supervisera toutes les fonctions financières et comptables, rendant compte au CFO Mark Lindsey. Ses responsabilités incluent la gestion des opérations comptables, la réglementation des rapports, la préparation des audits et les politiques de contrôle interne. Ancien contrôleur chez YOUNGLA, Puentenegra a occupé des postes dans des entreprises majeures telles que KPMG, PwC et PCAOB. Dans le cadre de sa nomination, il a reçu 85 000 droits d'appréciation d'actions avec un terme de dix ans, un prix d'exercice de 2,74 $, avec une acquisition sur trois ans entre 2025 et 2027.

Cineverse (NASDAQ: CNVS) hat Rey Puentenegra mit sofortiger Wirkung zum Vizepräsidenten und Corporate Controller ernannt. Mit über 20 Jahren Erfahrung in der Industrie, Prüfung und Regulierungssektoren wird Puentenegra alle finanziellen und buchhalterischen Funktionen überwachen und an CFO Mark Lindsey berichten. Zu seinen Aufgaben gehören das Management der Buchhaltungsoperationen, die regulatorische Berichterstattung, die Vorbereitung von Prüfungen und die internen Kontrollrichtlinien. Zuvor war er Controller bei YOUNGLA und hat Positionen bei großen Unternehmen wie KPMG, PwC und PCAOB innegehabt. Im Rahmen seiner Ernennung erhielt er 85.000 Aktienoptionsrechte mit einer Laufzeit von zehn Jahren, einem Ausübungspreis von $2,74, der über drei Jahre von 2025 bis 2027 vestiert wird.

Positive
  • Appointment of experienced financial executive with over 20 years in industry, audit, and regulatory sectors
  • Stock-based compensation structure aligns with long-term company interests through 3-year vesting period
Negative
  • None.

LOS ANGELES, Nov. 5, 2024 /PRNewswire/ -- Cineverse (NASDAQ: CNVS), an innovative streaming entertainment and technology company, today announced that it has hired Rey Puentenegra as Vice President, Corporate Controller. Leveraging over 20 years of combined experience across the Industry, Audit and Regulatory Sectors, Puentenegra will oversee all financial and accounting functions across Cineverse's entire business. He will manage day-to-day operations of the accounting department while taking ownership of corporate accounting, regulatory and financial reporting, audit preparation, and the continual development of internal control policies and procedures. Puentenegra's appointment is effective immediately, and he will report directly to Mark Lindsey, Chief Financial Officer of Cineverse.

For more than two decades, Puentenegra has been responsible for financial and accounting management, SEC reporting and technical accounting, IPO and SPAC consulting, and process systems implementation and optimization across public and private companies, Big 4 accounting firms, and the Public Company Accounting Oversight Board (PCAOB). Prior to joining Cineverse, Puentenegra served as Controller at YOUNGLA, a fitness and lifestyle apparel e-commerce company, where he oversaw the finance and accounting team as well as managed an outside accounting firm and the company's primary banking relationship. He was responsible for developing and implementing the initial finance operations structure in addition to the company's Enterprise Resource Planning. Throughout his career, Puentenegra has served in finance and accounting roles for KPMG, PricewaterhouseCoopers (PwC), Reading International, Global Eagle Entertainment, Corporate Finance Group, XOS, and Spatial Genomics. As Inspections Specialist at PCAOB, he inspected the audits of the Big 4 and mid-tier firms in both the U.S. and foreign jurisdictions.

In connection with his joining the Company, Puentenegra received stock appreciation rights (the "SARs") for 85,000 shares of Cineverse's Class A Common Stock (the "Common Stock"), having a ten-year term and an exercise price equal to $2.74, and vesting 1/3 on November 4 of each of 2025, 2026 and 2027. The grant of SARs is an inducement grant pursuant to NASDAQ listing Rule 5635(c)(4).

ABOUT CINEVERSE

On a mission to uplift storytellers and entertain fans with the power of technology, Cineverse  (NASDAQ: CNVS) distributes over 71,000 premium films, series, and podcasts. Engaging over 150 million unique monthly users, Cineverse delivers more than one billion minutes of curated content each month – connecting fans with stories that resonate.

With properties like the box office sensation, Terrifier 3, iconic horror destination, Bloody Disgusting, the Bob Ross Channel, women's entertainment channel Dove, and a leading podcast network, Cineverse is the first stop for audiences seeking authentic and experiential content. From a vibrant lineup of titles and fandom channels, to next-gen advertising offerings and streaming solutions, Cineverse is setting the stage for a new era of entertainment.

Contacts:

For Media
The Lippin Group for Cineverse, cineverse@lippingroup.com

For Investors
Julie Milstead, investorrelations@cineverse.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cineverse-appoints-rey-puentenegra-as-vice-president-corporate-controller-302296878.html

SOURCE Cineverse Corp.

FAQ

Who is the new Vice President, Corporate Controller at Cineverse (CNVS)?

Rey Puentenegra has been appointed as Vice President, Corporate Controller at Cineverse, bringing over 20 years of experience in financial and accounting management.

What compensation package did Cineverse (CNVS) offer to Rey Puentenegra?

Rey Puentenegra received 85,000 stock appreciation rights with a $2.74 exercise price, vesting one-third annually from 2025 to 2027, with a ten-year term.

What are Rey Puentenegra's main responsibilities at Cineverse (CNVS)?

Puentenegra will oversee all financial and accounting functions, manage day-to-day accounting operations, handle regulatory reporting, audit preparation, and develop internal control policies.

Cineverse Corp.

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