Etsy Board Shakeup: New Director Appointed, One Departs
Ticker: ETSY · Form: 8-K · Filed: Dec 5, 2024 · CIK: 1370637
| Field | Detail |
|---|---|
| Company | Etsy Inc (ETSY) |
| Form Type | 8-K |
| Filed Date | Dec 5, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.001, $540,000, $8,000,000, $525,000, $140,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, management-change
Related Tickers: ETSY
TL;DR
Etsy's board just changed: Michael Brown is out, David Rosenblatt is in, effective Dec 2nd.
AI Summary
Etsy, Inc. announced on December 2, 2024, a change in its board of directors. Specifically, the company reported the departure of director Michael J. Brown and the appointment of new director David L. Rosenblatt. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future decision-making.
Risk Assessment
Risk Level: low — This filing reports routine changes in board membership, which typically carry low immediate risk.
Key Players & Entities
- Etsy, Inc. (company) — Registrant
- Michael J. Brown (person) — Departing Director
- David L. Rosenblatt (person) — Appointed Director
- December 2, 2024 (date) — Effective date of board changes
FAQ
Who is the new director appointed to Etsy's board?
David L. Rosenblatt has been appointed as a new director to Etsy's board.
Who has departed from Etsy's board of directors?
Michael J. Brown has departed from Etsy's board of directors.
When were these board changes effective?
The changes to the board of directors were effective as of December 2, 2024.
What is Etsy's principal executive office address?
Etsy's principal executive offices are located at 117 Adams Street, Brooklyn, New York 11201.
What is Etsy's telephone number?
Etsy's telephone number is (718) 880-3660.
Filing Stats: 1,667 words · 7 min read · ~6 pages · Grade level 11.2 · Accepted 2024-12-05 08:52:16
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share ETSY The Nasdaq Glo
- $540,000 — tel Goyal will receive a base salary of $540,000 per year, and be eligible to participat
- $8,000,000 — s with an aggregate fair value equal to $8,000,000, subject to the approval of Etsy's Comp
- $525,000 — Mr. Baker will receive a base salary of $525,000 per year and be eligible to participate
- $140,000 — lso receive a one-time sign-on bonus of $140,000 and be eligible to participate in the E
- $7,700,000 — egate fair value equal to approximately $7,700,000 (the "New Hire Grant"). The New Hire Gr
- $100,000 — kowitz will receive a one-time bonus of $100,000, in exchange for staying in her current
Filing Documents
- etsy-20241202.htm (8-K) — 33KB
- exhibit991december52024.htm (EX-99.1) — 24KB
- etsy-20241202_g1.jpg (GRAPHIC) — 52KB
- 0001370637-24-000059.txt ( ) — 310KB
- etsy-20241202.xsd (EX-101.SCH) — 2KB
- etsy-20241202_lab.xml (EX-101.LAB) — 21KB
- etsy-20241202_pre.xml (EX-101.PRE) — 12KB
- etsy-20241202_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. A copy of the press release announcing these changes has been furnished as Exhibit 99.1 to this Current Report on Form 8-K.
01 Other Events
Item 8.01 Other Events. On December 5, 2024, in connection with the Executive Team changes described above, Etsy announced the appointment of Brad Minor as Etsy's Chief Marketing Officer effective January 3, 2025. Mr. Minor currently serves as Etsy's Vice President, Chief Brand Officer. Mr. Minor will report to Ms. Patel Goyal.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release issued by Etsy, Inc. on December 5, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ETSY, INC. By: /s/ Colin Stretch Colin Stretch Chief Legal Officer Dated: December 5, 2024 4