Braze, Inc. Files 8-K: Board and Executive Compensation Updates
Ticker: BRZE · Form: 8-K · Filed: Jun 3, 2024 · CIK: 1676238
| Field | Detail |
|---|---|
| Company | Braze, INC. (BRZE) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $30,000, $10,000, $175,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Braze 8-K: Board shakeup and exec pay changes filed June 3.
AI Summary
On June 3, 2024, Braze, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers, though specific names and dollar amounts for these changes are not detailed in this initial summary.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate internal shifts that may affect company direction and investor relations.
Key Players & Entities
- Braze, Inc. (company) — Registrant
- Appboy, Inc. (company) — Former company name
- June 3, 2024 (date) — Date of report
FAQ
What specific changes were made to Braze, Inc.'s board of directors?
The filing indicates the election of directors and potential departures, but specific names of newly elected or departing directors are not detailed in the provided text.
Were there any changes to the executive officers of Braze, Inc.?
The filing mentions the departure of certain officers and the appointment of certain officers, but does not name the individuals involved.
What is the nature of the compensatory arrangements discussed in the filing?
The filing refers to 'Compensatory Arrangements of Certain Officers' but does not provide specific details on the nature or terms of these arrangements.
When was Braze, Inc. formerly known as Appboy, Inc.?
Braze, Inc. was formerly known as Appboy, Inc. as of June 2, 2016.
What is the primary business of Braze, Inc. according to the filing?
Braze, Inc. is classified under Standard Industrial Classification as SERVICES-PREPACKAGED SOFTWARE [7372].
Filing Stats: 1,255 words · 5 min read · ~4 pages · Grade level 9.9 · Accepted 2024-06-03 16:22:26
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share BRZE The Nasdaq Stock Market
- $30,000 — Wassenaar will be entitled to receive a $30,000 annual retainer for her service as a di
- $10,000 — rvice as a director, plus an additional $10,000 for her service on the Board's audit co
- $175,000 — l restricted stock unit award valued at $175,000; provided that her award at the 202 4 a
Filing Documents
- brz-20240603.htm (8-K) — 32KB
- a20240603-appointmentretir.htm (EX-99.1) — 9KB
- 0001676238-24-000087.txt ( ) — 177KB
- brz-20240603.xsd (EX-101.SCH) — 2KB
- brz-20240603_lab.xml (EX-101.LAB) — 24KB
- brz-20240603_pre.xml (EX-101.PRE) — 14KB
- brz-20240603_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On June 3, 2024, the Company issued a press release related to the matters described in this Current Report on Form 8-K. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information contained in this Item 7.01 and Item 9.01 in this Current Report on Form 8-K, including the accompanying Exhibit 99.1 hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filings, unless expressly incorporated by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release of Braze, Inc., dated June 3, 2024 104 Cover Page Interactive Data (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES 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. BRAZE, INC. By: /s/Susan Wiseman Susan Wiseman General Counsel Dated: June 3, 2024