Cricut CFO Departs, New CFO Appointed
Ticker: CRCT · Form: 8-K · Filed: Sep 30, 2024 · CIK: 1828962
| Field | Detail |
|---|---|
| Company | Cricut, Inc. (CRCT) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $450,000, $125,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, cfo, personnel
Related Tickers: CRCT
TL;DR
Cricut's CFO is out, new CFO in. Butler starts Oct 14, making $400k base.
AI Summary
Cricut, Inc. announced on September 28, 2024, the departure of its Chief Financial Officer, Alexander R. Cho, effective October 11, 2024. The company also appointed Scott W. Butler as the new CFO, effective October 14, 2024. Butler will receive an annual base salary of $400,000 and is eligible for a discretionary annual bonus.
Why It Matters
A change in a key financial executive can signal shifts in financial strategy or operational focus, impacting investor confidence and the company's financial reporting.
Risk Assessment
Risk Level: medium — Changes in executive leadership, particularly the CFO, can introduce uncertainty regarding financial strategy and stability.
Key Numbers
- $400,000 — New CFO Base Salary (Scott W. Butler's starting annual compensation.)
Key Players & Entities
- Cricut, Inc. (company) — Registrant
- Alexander R. Cho (person) — Departing Chief Financial Officer
- Scott W. Butler (person) — Appointed Chief Financial Officer
- $400,000 (dollar_amount) — Scott W. Butler's annual base salary
FAQ
When is Alexander R. Cho's departure effective?
Alexander R. Cho's departure as CFO is effective October 11, 2024.
Who is the new Chief Financial Officer?
Scott W. Butler has been appointed as the new Chief Financial Officer.
When does Scott W. Butler's appointment as CFO become effective?
Scott W. Butler's appointment as CFO is effective October 14, 2024.
What is Scott W. Butler's annual base salary?
Scott W. Butler's annual base salary is $400,000.
Is the new CFO eligible for a bonus?
Yes, Scott W. Butler is eligible for a discretionary annual bonus.
Filing Stats: 635 words · 3 min read · ~2 pages · Grade level 10.7 · Accepted 2024-09-30 16:07:35
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 per share CRCT The Nasdaq Global Select
- $450,000 — of the Company's common stock equal to $450,000, and (iii) will be eligible to receive
- $125,000 — ny's common stock with a grant value of $125,000 on the date of each annual meeting of t
Filing Documents
- crct-20240928.htm (8-K) — 25KB
- cricutpressrelease-boardad.htm (EX-99.1) — 14KB
- 0001828962-24-000115.txt ( ) — 165KB
- crct-20240928.xsd (EX-101.SCH) — 2KB
- crct-20240928_lab.xml (EX-101.LAB) — 21KB
- crct-20240928_pre.xml (EX-101.PRE) — 12KB
- crct-20240928_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Description 99.1 Press Release issued by Cricut, Inc. dated September 30, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are 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. Cricut, Inc. Date: September 30, 2024 /s/ Kimball Shill Kimball Shill Chief Financial Officer