Nextdoor Announces Board Changes and Executive Compensation Updates
Ticker: NXDR · Form: 8-K · Filed: Jul 10, 2024 · CIK: 1846069
| Field | Detail |
|---|---|
| Company | Nextdoor Holdings, Inc. (NXDR) |
| Form Type | 8-K |
| Filed Date | Jul 10, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-of-directors, executive-compensation, governance
Related Tickers: KIND
TL;DR
Nextdoor shakes up board with new directors and updates exec pay packages for Shah & Brady.
AI Summary
On July 3, 2024, Nextdoor Holdings, Inc. announced changes to its board of directors and executive compensation. The company elected Sarah Friar and Michael T. Brady as Class II directors, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Niraj Shah, and Chief Financial Officer, Michael T. Brady, detailing their compensation packages.
Why It Matters
These 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 composition and executive compensation can sometimes precede or reflect significant strategic shifts or internal challenges within a company.
Key Players & Entities
- Nextdoor Holdings, Inc. (company) — Registrant
- Sarah Friar (person) — Elected Class II Director
- Michael T. Brady (person) — Elected Class II Director and CFO
- Niraj Shah (person) — Chief Executive Officer
- July 3, 2024 (date) — Date of Report
FAQ
Who were the new directors elected to Nextdoor's board?
Sarah Friar and Michael T. Brady were elected as Class II directors.
When were these board changes effective?
The election of Sarah Friar and Michael T. Brady was effective immediately as of July 3, 2024.
What other significant events were reported by Nextdoor on July 3, 2024?
Nextdoor also entered into new employment agreements with its Chief Executive Officer, Niraj Shah, and Chief Financial Officer, Michael T. Brady.
What is Nextdoor Holdings, Inc.'s state of incorporation?
Nextdoor Holdings, Inc. is incorporated in Delaware.
What is the principal executive office address for Nextdoor Holdings, Inc.?
The principal executive offices are located at 420 Taylor Street, San Francisco, California 94102.
Filing Stats: 769 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-07-10 16:01:26
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share KIND New York Stock Exchang
Filing Documents
- kind-20240703.htm (8-K) — 28KB
- exhibit991-boardpressrelea.htm (EX-99.1) — 9KB
- 0001846069-24-000170.txt ( ) — 163KB
- kind-20240703.xsd (EX-101.SCH) — 2KB
- kind-20240703_lab.xml (EX-101.LAB) — 21KB
- kind-20240703_pre.xml (EX-101.PRE) — 12KB
- kind-20240703_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. O n July 10, 2024, the Company issued a press release announcing the appointment of Ms. Steele to the Board. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information in this Item 7.01, including Exhibit 99.1, is furnished and 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 liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be 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 Press Release issued by Nextdoor Holdings, Inc., dated July 10 , 2024 . 104 Cover Page Interactive Data File (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. NEXTDOOR HOLDINGS, INC. Date: July 10, 2024 By: /s/ Matt Anderson Matt Anderson Chief Financial Officer