Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
Appointment of Principal Officer
On August 10, 2021, the Board of Directors (the "Board") of The Music
Acquisition Corporation, a Delaware corporation (the "Company"), approved the
appointment of Todd J. Lowen, the Company's Chief Operating Officer, to serve
also as the Company's Chief Financial Officer and Secretary.
Mr. Lowen, who is 41 years old, will continue to serve as the Company's Chief
Operating Officer and one of its directors, offices he has held since October
14, 2020, the Company's inception. Mr. Lowen has 20 years of experience in
finance and investment. Mr. Lowen spent the majority of his career in the Equity
Derivatives businesses of Lehman Brothers and Barclays Capital Inc. in New York
from June 2002 to June 2016, where he advised institutional investors, such as
hedge funds and pension funds, on event driven investment strategies relating
to, and including, merger arbitrage, spin-offs/splits, exchange offers, tenders,
and SPACs. From September 2016 to July 2021, Mr. Lowen was a Managing Director
at Olivetree Financial, LLC. Mr. Lowen holds a Business Administration degree in
Finance from Boston College.
Mr. Lowen will not be compensated by the Company for his services as a Chief
Financial Officer and Secretary and has not entered into an employment agreement
with the Company. Mr. Lowen is a party to an indemnity agreement entered into in
connection with the Company's initial public offering.
There are no arrangements or understandings between Mr. Lowen and any other
person pursuant to which Mr. Lowen was selected as an officer of the Company.
There are no family relationships between Mr. Lowen and any of the Company's
officers or directors.
Other than as described in the Company's Registration Statement on Form S-1
(File No. 333-252152) filed with the Securities and Exchange Commission in
connection with the Company's initial public offering, since the Company's
inception, the Company has not engaged in any transactions, and there are no
proposed transactions, or series of similar transactions, in which Mr. Lowen had
a direct or indirect material interest in which the amount involved exceeds or
exceeded $120,000.
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THE MUSIC ACQUISITION CORPORATION 