Grindr Inc. Reports Board and Executive Compensation Changes
Ticker: GRND · Form: 8-K · Filed: Nov 15, 2024 · CIK: 1820144
| Field | Detail |
|---|---|
| Company | Grindr INC. (GRND) |
| Form Type | 8-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $350,000, $1,100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation
TL;DR
Grindr board shakeup and exec pay adjustments announced.
AI Summary
Grindr Inc. announced on November 11, 2024, changes in its board of directors and executive compensation. Specifically, the company reported the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for its officers. The filing details these changes as required by SEC regulations.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect company strategy and performance.
Key Players & Entities
- Grindr Inc. (company) — Registrant
- Tiga Acquisition Corp. (company) — Former Company Name
FAQ
What specific roles have been affected by the departure of officers or directors?
The filing indicates departures of certain officers and directors but does not specify the exact roles in this summary.
When were the new directors elected?
The filing reports on the election of directors as of November 11, 2024.
What are the key changes in compensatory arrangements for officers?
The filing mentions adjustments to compensatory arrangements for certain officers, but the specific details of these arrangements are not provided in this summary.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is November 11, 2024.
What was Grindr Inc.'s former company name?
Grindr Inc.'s former company name was Tiga Acquisition Corp.
Filing Stats: 807 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-11-15 16:09:14
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share GRND New York Stock
- $11.50 — of Common Stock at an exercise price of $11.50 per share GRND.WS New York Stock Exchan
- $350,000 — is entitled to an annual base salary of $350,000 and an annual target bonus equal to 35%
- $1,100,000 — of the Company's common stock valued at $1,100,000, with 25% vesting on the first annivers
Filing Documents
- grnd-20241111.htm (8-K) — 31KB
- 0001820144-24-000059.txt ( ) — 203KB
- grnd-20241111.xsd (EX-101.SCH) — 2KB
- grnd-20241111_def.xml (EX-101.DEF) — 17KB
- grnd-20241111_lab.xml (EX-101.LAB) — 29KB
- grnd-20241111_pre.xml (EX-101.PRE) — 17KB
- grnd-20241111_htm.xml (XML) — 4KB
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. Date: November 15, 2024 GRINDR INC. By: /s/ Vandana Mehta-Krantz Vandana Mehta-Krantz Chief Financial Officer