AppFolio Announces Executive and Board Changes
Ticker: APPF · Form: 8-K · Filed: Nov 21, 2024 · CIK: 1433195
| Field | Detail |
|---|---|
| Company | Appfolio INC (APPF) |
| Form Type | 8-K |
| Filed Date | Nov 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $450,000, $367,397 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, governance
TL;DR
AppFolio shakes up exec team & board. Big changes coming?
AI Summary
AppFolio, Inc. announced on November 16, 2024, changes in its executive team and board of directors. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key executives. Specific details regarding the individuals involved and the financial implications of these changes are outlined within the report.
Why It Matters
Changes in executive leadership and board composition can signal shifts in company strategy, operational focus, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- AppFolio, Inc. (company) — Registrant
- November 16, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State or other jurisdiction of incorporation
- 70 Castilian Drive (address) — Address of principal executive offices
- Santa Barbara, CA 93117 (address) — City, State, and ZIP of principal executive offices
- ( 805 ) 364-6093 (phone_number) — Registrant's telephone number
FAQ
What specific roles have been affected by the executive and board changes?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers,' suggesting shifts across leadership positions.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on November 16, 2024.
What is AppFolio, Inc.'s state of incorporation?
AppFolio, Inc. is incorporated in Delaware.
Where are AppFolio, Inc.'s principal executive offices located?
The principal executive offices are located at 70 Castilian Drive, Santa Barbara, CA 93117.
What is the registrant's telephone number?
The registrant's telephone number is (805) 364-6093.
Filing Stats: 909 words · 4 min read · ~3 pages · Grade level 13.5 · Accepted 2024-11-21 16:06:20
Key Financial Figures
- $0.0001 — which registered Class A Common Stock, $0.0001 par value APPF NASDAQ Global Market I
- $450,000 — ration benefits: (i) an amount equal to $450,000, which represents 12 months of Ms. Goon
- $367,397 — Effective Date; (ii) an amount equal to $367,397.26, which represents a pro-rated portio
Filing Documents
- appf-20241116.htm (8-K) — 27KB
- fsg-separationagreementf.htm (EX-10.1) — 50KB
- fsg-separationagreementf001.jpg (GRAPHIC) — 250KB
- fsg-separationagreementf002.jpg (GRAPHIC) — 271KB
- fsg-separationagreementf003.jpg (GRAPHIC) — 277KB
- fsg-separationagreementf004.jpg (GRAPHIC) — 315KB
- fsg-separationagreementf005.jpg (GRAPHIC) — 294KB
- fsg-separationagreementf006.jpg (GRAPHIC) — 287KB
- fsg-separationagreementf007.jpg (GRAPHIC) — 284KB
- fsg-separationagreementf008.jpg (GRAPHIC) — 303KB
- fsg-separationagreementf009.jpg (GRAPHIC) — 297KB
- fsg-separationagreementf010.jpg (GRAPHIC) — 253KB
- fsg-separationagreementf011.jpg (GRAPHIC) — 246KB
- fsg-separationagreementf012.jpg (GRAPHIC) — 271KB
- fsg-separationagreementf013.jpg (GRAPHIC) — 148KB
- fsg-separationagreementf014.jpg (GRAPHIC) — 48KB
- 0001433195-24-000145.txt ( ) — 5098KB
- appf-20241116.xsd (EX-101.SCH) — 2KB
- appf-20241116_lab.xml (EX-101.LAB) — 21KB
- appf-20241116_pre.xml (EX-101.PRE) — 12KB
- appf-20241116_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 10.1 Separation Agreement, dated November 8, 2024, by and between Fay Sien Goon and the Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 21, 2024 AppFolio, Inc. By: /s/ Matt Mazza Name: Matt Mazza Title: Chief Legal Officer