PLBY Group CFO Departs; Interim Appointed
Ticker: PLBY · Form: 8-K · Filed: Dec 26, 2024 · CIK: 1803914
Sentiment: neutral
Topics: management-change, cfo-departure, executive-compensation
Related Tickers: PLBY
TL;DR
CFO Travis Lee out at PLBY, Christopher Peterson steps in as interim. Peterson gets $400k salary + stock.
AI Summary
On December 23, 2024, PLBY Group, Inc. announced the departure of Chief Financial Officer, Travis Lee, effective December 27, 2024. The company also appointed Christopher R. Peterson as interim CFO. Peterson, who has served as a director since February 2023, will receive an annual salary of $400,000 and a grant of 50,000 restricted stock units.
Why It Matters
The sudden departure of a CFO and the appointment of an interim can signal internal changes or financial scrutiny, potentially impacting investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: medium — A CFO departure and interim appointment can indicate underlying issues or a transition period that introduces uncertainty.
Key Numbers
- $400,000 — Interim CFO Salary (Annual compensation for Christopher R. Peterson.)
- 50,000 — RSU Grant (Stock award to the new interim CFO.)
Key Players & Entities
- PLBY Group, Inc. (company) — Registrant
- Travis Lee (person) — Departing Chief Financial Officer
- December 27, 2024 (date) — Effective date of Travis Lee's departure
- Christopher R. Peterson (person) — Appointed Interim Chief Financial Officer
- $400,000 (dollar_amount) — Annual salary for interim CFO
- 50,000 (dollar_amount) — Restricted stock units granted to interim CFO
- February 2023 (date) — Date Christopher Peterson joined the board
FAQ
Why did Travis Lee depart as CFO?
The filing does not provide a specific reason for Travis Lee's departure, only stating it is effective December 27, 2024.
What is Christopher R. Peterson's background with PLBY Group?
Christopher R. Peterson has served as a director of PLBY Group since February 2023.
What is the compensation package for the interim CFO?
Christopher R. Peterson will receive an annual salary of $400,000 and a grant of 50,000 restricted stock units.
When is the effective date of the CFO change?
Travis Lee's departure is effective December 27, 2024.
Is Christopher R. Peterson's appointment permanent?
The filing states Christopher R. Peterson is appointed as interim CFO, implying the position is not permanent at this time.
Filing Stats: 801 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2024-12-26 16:18:01
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share PLBY Nasdaq Global Market I
Filing Documents
- ply-20241223.htm (8-K) — 28KB
- ex101formofplbygroup2024ex.htm (EX-10.1) — 21KB
- 0001803914-24-000113.txt ( ) — 179KB
- ply-20241223.xsd (EX-101.SCH) — 2KB
- ply-20241223_lab.xml (EX-101.LAB) — 22KB
- ply-20241223_pre.xml (EX-101.PRE) — 13KB
- ply-20241223_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Form of Retention Agreement of PLBY Group, Inc., dated as of December 23, 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. Dated: December 26, 2024 PLBY GROUP, INC. By: /s/ Chris Riley Name: Chris Riley Title: General Counsel & Secretary