Groupon CFO Departs; Interim CFO Appointed
Ticker: GRPN · Form: 8-K · Filed: Apr 1, 2024 · CIK: 1490281
| Field | Detail |
|---|---|
| Company | Groupon, INC. (GRPN) |
| Form Type | 8-K |
| Filed Date | Apr 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, interim-cfo, employment-agreement
Related Tickers: GRPN
TL;DR
CFO out, interim CFO in at Groupon. New employment deal for Stevens.
AI Summary
Groupon, Inc. announced on March 28, 2024, the departure of its Chief Financial Officer, Damien Hooper-Campbell. The company has appointed Brian Stevens as interim CFO. Additionally, Groupon has entered into a new employment agreement with Mr. Stevens, effective March 28, 2024, outlining his compensation and duties.
Why It Matters
The sudden departure of a CFO can signal internal challenges or strategic shifts, while the appointment of an interim CFO suggests a transition period for financial leadership.
Risk Assessment
Risk Level: medium — A CFO departure and interim appointment can indicate uncertainty regarding the company's financial strategy or performance.
Key Players & Entities
- Groupon, Inc. (company) — Registrant
- Damien Hooper-Campbell (person) — Departing Chief Financial Officer
- Brian Stevens (person) — Interim Chief Financial Officer
- March 28, 2024 (date) — Effective date of departure and appointment
FAQ
What is the effective date of Damien Hooper-Campbell's departure?
Damien Hooper-Campbell's departure was effective March 28, 2024.
Who has been appointed as the interim Chief Financial Officer?
Brian Stevens has been appointed as the interim Chief Financial Officer.
What is the effective date of Brian Stevens' new employment agreement?
Brian Stevens' new employment agreement is effective March 28, 2024.
What jurisdiction is Groupon, Inc. incorporated in?
Groupon, Inc. is incorporated in Delaware.
What is Groupon's principal executive office address?
Groupon's principal executive office is located at 35 West Wacker Drive, 25th Floor, Chicago, Illinois 60601.
Filing Stats: 559 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-04-01 09:00:41
Key Financial Figures
- $0.0001 — ich registered Common stock, par value $0.0001 per share GRPN NASDAQ Global Select Mar
Filing Documents
- grpn-20240328.htm (8-K) — 27KB
- exhibit101-april12024.htm (EX-10.1) — 13KB
- 0001490281-24-000034.txt ( ) — 166KB
- grpn-20240328.xsd (EX-101.SCH) — 2KB
- grpn-20240328_lab.xml (EX-101.LAB) — 22KB
- grpn-20240328_pre.xml (EX-101.PRE) — 13KB
- grpn-20240328_htm.xml (XML) — 3KB
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibit No. Description 10.1 Amendment to Interim CEO Employment Agreement 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. GROUPON, INC. Date: April 1, 2024 By: /s/ Jiri Ponrt Name: Jiri Ponrt Title: Chief Financial Officer