Coupang Appoints New CFO and Directors, Adjusts Compensation
Ticker: CPNG · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1834584
| Field | Detail |
|---|---|
| Company | Coupang, INC. (CPNG) |
| Form Type | 8-K |
| Filed Date | Jun 25, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $300,000, $10,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-of-directors, compensation
Related Tickers: CPNG
TL;DR
Coupang's got a new CFO and two new board members as of June 21st.
AI Summary
Coupang, Inc. announced on June 21, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. Dong-Hyun Kim and Mr. Sang-Hyun Kim, and appointed Mr. Sung-Ho Kim as Chief Financial Officer, effective June 21, 2024. The filing also details compensatory arrangements for these officers.
Why It Matters
These executive and board changes could signal shifts in Coupang's financial strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key executive positions and board composition can introduce uncertainty regarding future strategy and operational execution.
Key Players & Entities
- Coupang, Inc. (company) — Registrant
- Dong-Hyun Kim (person) — Newly elected director
- Sang-Hyun Kim (person) — Newly elected director
- Sung-Ho Kim (person) — Appointed Chief Financial Officer
- June 21, 2024 (date) — Effective date of appointments and report
FAQ
Who were the new directors elected to Coupang's board?
Mr. Dong-Hyun Kim and Mr. Sang-Hyun Kim were elected as new directors.
Who has been appointed as the new Chief Financial Officer?
Mr. Sung-Ho Kim has been appointed as the new Chief Financial Officer.
When were these changes effective?
The changes were effective as of June 21, 2024.
What other information is provided regarding the new officers?
The filing details compensatory arrangements for the newly appointed officers.
What is Coupang, Inc.'s state of incorporation?
Coupang, Inc. is incorporated in Delaware.
Filing Stats: 836 words · 3 min read · ~3 pages · Grade level 11.6 · Accepted 2024-06-25 16:26:11
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share CPNG New York Stock Exchange
- $300,000 — Class A Common Stock having a value of $300,000, on the date of each annual meeting of
- $10,000 — Class A Common Stock having a value of $10,000 for service as a member of the Compensa
Filing Documents
- cpng-20240621.htm (8-K) — 27KB
- june2024ex991newdirector.htm (EX-99.1) — 6KB
- cpng-20240621_g1.jpg (GRAPHIC) — 10KB
- 0001834584-24-000053.txt ( ) — 188KB
- cpng-20240621.xsd (EX-101.SCH) — 2KB
- cpng-20240621_lab.xml (EX-101.LAB) — 22KB
- cpng-20240621_pre.xml (EX-101.PRE) — 13KB
- cpng-20240621_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On June 25, 2024, the Company issued a press release announcing the appointment of Ms. Sharma to the Board. A copy of the Company's press release announcing the appointment is attached hereto as Exhibit 99.1. The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release D ated June 2 5 , 2024 104 Cover Page Interactive Data File (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. COUPANG, INC. By: /s/ Harold Rogers Name: Harold Rogers Title: General Counsel and Chief Administrative Officer Dated: June 25, 2024