Opendoor Technologies Files 8-K on Board Changes and Compensation
Ticker: OPENZ · Form: 8-K · Filed: Oct 1, 2024 · CIK: 1801169
| Field | Detail |
|---|---|
| Company | Opendoor Technologies Inc. (OPENZ) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001, $500,000, $750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, filing
TL;DR
Opendoor filed an 8-K on 9/30/24 covering board and exec comp changes.
AI Summary
On September 30, 2024, Opendoor Technologies Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing also includes information on other events and financial statements, with the company's fiscal year ending on December 31.
Why It Matters
This filing provides insight into the governance and executive compensation structure of Opendoor Technologies, which can influence investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate governance and compensation matters, not indicating immediate financial distress or significant operational shifts.
Key Numbers
- 001-39253 — SEC File Number (Identifies the company's filing history with the SEC.)
- 30-1318214 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Opendoor Technologies Inc. (company) — Registrant
- Social Capital Hedosophia Holdings Corp. II (company) — Former Company Name
- September 30, 2024 (date) — Date of earliest event reported
- 20241001 (date) — Filing Date
FAQ
What specific changes were made to the board of directors?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers', but the specific details of these changes are not provided in the excerpt.
What are the key aspects of the compensatory arrangements mentioned?
The filing notes 'Compensatory Arrangements of Certain Officers' as an item information, suggesting updates or disclosures regarding executive pay, but specific details are not in the provided text.
When was the company formerly known as Social Capital Hedosophia Holdings Corp. II?
The date of the name change from Social Capital Hedosophia Holdings Corp. II to Opendoor Technologies Inc. was January 24, 2020.
What is Opendoor Technologies Inc.'s principal executive office address?
The principal executive offices are located at 410 N. Scottsdale Road, Suite 1600, Tempe, AZ 85288.
What is the SIC code for Opendoor Technologies Inc.?
The Standard Industrial Classification (SIC) code for Opendoor Technologies Inc. is 6531, categorized under 'REAL ESTATE AGENTS & MANAGERS (FOR OTHERS)'.
Filing Stats: 1,198 words · 5 min read · ~4 pages · Grade level 10.2 · Accepted 2024-10-01 16:15:00
Key Financial Figures
- $0.0001 — nge on which registered Common stock, $0.0001 par value per share OPEN The Nasdaq
- $500,000 — is entitled to an annual base salary of $500,000 and is eligible to participate in an an
- $750,000 — receive a guaranteed, one-time bonus of $750,000 (the "Sign-on Payment") which will be p
Filing Documents
- d844934d8k.htm (8-K) — 32KB
- d844934dex991.htm (EX-99.1) — 7KB
- 0001193125-24-230175.txt ( ) — 163KB
- open-20240930.xsd (EX-101.SCH) — 3KB
- open-20240930_lab.xml (EX-101.LAB) — 18KB
- open-20240930_pre.xml (EX-101.PRE) — 11KB
- d844934d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. Exhibit No. Description 99.1 Press Release, dated October 1, 2024 104 Cover Page Interactive Data File (Cover page XBRL tags are embedded within the Inline XBRL document) The information contained Exhibits 99.1 attached hereto 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 in any filing 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. 3
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. Opendoor Technologies Inc. Date: October 1, 2024 By: /s/ Carrie Wheeler Name: Carrie Wheeler Title: Chief Executive Officer 4