Robinhood Adds Two Directors to Board
Ticker: HOOD · Form: 8-K · Filed: Mar 21, 2024 · CIK: 1783879
| Field | Detail |
|---|---|
| Company | Robinhood Markets, INC. (HOOD) |
| Form Type | 8-K |
| Filed Date | Mar 21, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-appointment, governance
Related Tickers: HOOD
TL;DR
Robinhood adds 2 new board members, effective March 20, 2024.
AI Summary
Robinhood Markets, Inc. announced on March 20, 2024, the election of two new directors, Jonathan C. Y. Chen and Melissa R. Dono, to its Board of Directors, effective immediately. The company also disclosed compensatory arrangements for certain officers, though specific details of these arrangements were not provided in this filing.
Why It Matters
The addition of new directors can signal strategic shifts or a response to governance considerations, potentially impacting the company's future direction and shareholder value.
Risk Assessment
Risk Level: low — This filing primarily concerns board appointments and compensatory arrangements, which are routine corporate governance matters and do not immediately indicate significant financial or operational risks.
Key Players & Entities
- Robinhood Markets, Inc. (company) — Registrant
- Jonathan C. Y. Chen (person) — Newly elected director
- Melissa R. Dono (person) — Newly elected director
- March 20, 2024 (date) — Effective date of director elections
FAQ
Who are the newly elected directors to Robinhood's Board?
Jonathan C. Y. Chen and Melissa R. Dono were elected to the Board of Directors.
When were the new directors elected?
The election of the new directors was effective as of March 20, 2024.
What other information is disclosed regarding officers?
The filing also discloses compensatory arrangements of certain officers.
What is the company's principal executive office address?
The principal executive offices are located at 85 Willow Road, Menlo Park, CA 94025.
What is Robinhood's IRS Employer Identification Number?
Robinhood's IRS Employer Identification Number is 46-4364776.
Filing Stats: 828 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-03-21 09:18:50
Key Financial Figures
- $0.0001 — which registered Class A Common Stock, $0.0001 par value per share HOOD The Nasdaq Sto
Filing Documents
- hood-20240320.htm (8-K) — 42KB
- robinhoodmarketswelcomes.htm (EX-99.1) — 4KB
- robinhoodmarketswelcomes001.jpg (GRAPHIC) — 136KB
- robinhoodmarketswelcomes002.jpg (GRAPHIC) — 107KB
- 0001783879-24-000083.txt ( ) — 504KB
- hood-20240320.xsd (EX-101.SCH) — 2KB
- hood-20240320_lab.xml (EX-101.LAB) — 21KB
- hood-20240320_pre.xml (EX-101.PRE) — 12KB
- hood-20240320_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On March 21, 2024, Robinhood published a blog post announcing Ms. Segal's appointment to the Board. A copy of that blog post is furnished as Exhibit 99.1 to this Current Report on Form 8-K. Robinhood uses the "Overview" tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the SEC's Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood's press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information. The information furnished with this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 99.1 Blog post dated March 21, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document) SIGNATURE 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. Robinhood Markets, Inc. Date: March 21, 2024 By: /s/Jason Warnick Name: Jason Warnick Title: Chief Financial Officer