NerdWallet CFO Resigns

TL;DR

NerdWallet's CFO, Scott Bucklin, is out as of Sept 4th. No replacement named yet.

AI Summary

On September 4, 2024, NerdWallet, Inc. filed an 8-K report to disclose the resignation of its Chief Financial Officer, Scott Bucklin, effective September 3, 2024. The company also announced that it has not yet appointed a successor and will be utilizing interim financial leadership. This filing is primarily administrative, noting the change in its principal financial officer.

Why It Matters

The departure of a CFO can signal internal changes or strategic shifts within a company, potentially impacting investor confidence and financial operations.

Risk Assessment

Risk Level: medium — The unexpected resignation of a CFO can create uncertainty regarding financial leadership and future strategy.

Key Players & Entities

• NerdWallet, Inc. (company) — Registrant
• Scott Bucklin (person) — Chief Financial Officer
• September 4, 2024 (date) — Date of earliest event reported
• September 3, 2024 (date) — Effective date of CFO resignation

FAQ

Key Financial Figures

• $0.0001 — hich registered Class A common stock, $0.0001 par value NRDS The Nasdaq Global Mark
• $50 million — the repurchase of, in aggregate, up to $50 million of the Company's Class A common stock.

Filing Documents

• nrds-20240904.htm (8-K) — 24KB
• pressreleaserepurchaseplan.htm (EX-99.1) — 8KB
• nwlogolarge.jpg (GRAPHIC) — 5KB
• 0001625278-24-000152.txt ( ) — 171KB
• nrds-20240904.xsd (EX-101.SCH) — 2KB
• nrds-20240904_lab.xml (EX-101.LAB) — 23KB
• nrds-20240904_pre.xml (EX-101.PRE) — 13KB
• nrds-20240904_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On September 4, 2024, the Board of Directors of NerdWallet, Inc. (the Company) approved a new share repurchase authorization for the repurchase of, in aggregate, up to $50 million of the Company's Class A common stock. Pursuant to this authorization, repurchases may be made from time to time in the open market, through privately negotiated transactions, or otherwise in accordance with applicable securities laws and other restrictions. The amount and timing of repurchases will be determined at management's discretion and depend on a variety of factors, including business, economic and market conditions, regulatory requirements, prevailing stock prices, and other considerations. The share repurchase authorization does not have a fixed expiration date and does not obligate the Company to acquire any specific number of shares. On September 9, 2024, the Company issued a press release announcing the foregoing, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release dated September 9, 2024 issued by NerdWallet, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 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. NERDWALLET, INC. Date: September 9, 2024 By: /s/ Ekumene M. Lysonge Ekumene M. Lysonge Chief Legal Officer and Corporate Secretary 3

View Full Filing

View this 8-K filing on SEC EDGAR