Grove Collaborative Holdings Announces Board and Compensation Changes
Ticker: GROVW · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1841761
Sentiment: neutral
Topics: board-changes, executive-compensation, filing
Related Tickers: GROV
TL;DR
Grove Collaborative (GROV) shakes up board and exec pay; filing includes financials.
AI Summary
Grove Collaborative Holdings, Inc. announced on December 19, 2024, changes in its board of directors and executive compensation. Specifically, the company elected new directors and approved new compensatory arrangements for certain officers. The filing also includes financial statements and exhibits.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can sometimes precede or reflect significant strategic shifts or financial performance issues.
Key Numbers
- 001-40263 — SEC File Number (Identifies the company's filings with the SEC.)
- 88-2840659 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Grove Collaborative Holdings, Inc. (company) — Registrant
- December 19, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Virgin Group Acquisition Corp. II (company) — Former company name
- 1301 Sansome Street, San Francisco, California 94111 (address) — Principal executive offices
FAQ
Who were the new directors elected to the board of Grove Collaborative Holdings, Inc.?
The filing does not specify the names of the newly elected directors, only that new directors were elected.
What specific compensatory arrangements were approved for certain officers?
The filing indicates that compensatory arrangements were approved but does not detail the specific terms or amounts within this 8-K.
What is the primary reason for this 8-K filing?
This 8-K is filed to report the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
When was Grove Collaborative Holdings, Inc. formerly known as Virgin Group Acquisition Corp. II?
The company's name change from Virgin Group Acquisition Corp. II to Grove Collaborative Holdings, Inc. occurred on January 22, 2021.
What is the fiscal year end for Grove Collaborative Holdings, Inc.?
The fiscal year end for Grove Collaborative Holdings, Inc. is December 31.
Filing Stats: 898 words · 4 min read · ~3 pages · Grade level 12.6 · Accepted 2024-12-26 16:01:21
Key Financial Figures
- $0.0001 — tered Class A common stock, par value $0.0001 GROV New York Stock Exchange Indicate
Filing Documents
- grov-20241219.htm (8-K) — 37KB
- 0001628280-24-052428.txt ( ) — 165KB
- grov-20241219.xsd (EX-101.SCH) — 2KB
- grov-20241219_lab.xml (EX-101.LAB) — 23KB
- grov-20241219_pre.xml (EX-101.PRE) — 13KB
- grov-20241219_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (formatted as Inline XBRL)
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. GROVE COLLABORATIVE HOLDINGS, INC. By: /s/ Sergio Cervantes Name: Sergio Cervantes Title: Chief Financial Officer Dated: December 26, 2024