Qurate Retail Files 8-K: Director Changes & Financials
Ticker: QVCGB · Form: 8-K · Filed: Dec 27, 2024 · CIK: 1355096
| Field | Detail |
|---|---|
| Company | Qurate Retail, Inc. (QVCGB) |
| Form Type | 8-K |
| Filed Date | Dec 27, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, financial-reporting
TL;DR
Qurate Retail (QRTEA) filed an 8-K on 12/27/24 detailing director/officer changes and financial exhibits.
AI Summary
Qurate Retail, Inc. filed an 8-K on December 27, 2024, reporting on the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. The filing also includes financial statements and exhibits, with the date of report and change as December 27, 2024. The company was formerly known as Liberty Interactive Corp.
Why It Matters
This filing indicates potential shifts in the company's leadership and governance, which could influence strategic direction and operational decisions.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with the filing of financial statements, can signal significant corporate events or strategic realignments that warrant investor attention.
Key Players & Entities
- Qurate Retail, Inc. (company) — Registrant
- Liberty Interactive Corp (company) — Former company name
- December 27, 2024 (date) — Date of report and earliest event
FAQ
What specific items are being reported in this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements of certain officers. It also includes financial statements and exhibits.
What is the exact date of the report for this 8-K filing?
The exact date of the report for this 8-K filing is December 27, 2024.
Has Qurate Retail, Inc. undergone any previous name changes?
Yes, Qurate Retail, Inc. was formerly known as Liberty Interactive Corp, which changed its name on September 23, 2011. It was also formerly known as Liberty Media Corp and Liberty Media Holding Corp.
What is the Standard Industrial Classification (SIC) code for Qurate Retail, Inc.?
The Standard Industrial Classification (SIC) code for Qurate Retail, Inc. is 5961, which corresponds to RETAIL-CATALOG & MAIL-ORDER HOUSES.
Where is Qurate Retail, Inc. headquartered?
Qurate Retail, Inc. is headquartered in Englewood, Colorado, with a business address at 12300 Liberty Boulevard, Englewood, CO 80112.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-12-27 16:05:37
Key Financial Figures
- $1,000,000 — ployment Agreement) shall instead equal $1,000,000. The Employment Agreement was described
Filing Documents
- tm2432148d1_8k.htm (8-K) — 28KB
- tm2432148d1_ex10-1.htm (EX-10.1) — 6KB
- 0001104659-24-132133.txt ( ) — 255KB
- qrtea-20241227.xsd (EX-101.SCH) — 3KB
- qrtea-20241227_def.xml (EX-101.DEF) — 27KB
- qrtea-20241227_lab.xml (EX-101.LAB) — 36KB
- qrtea-20241227_pre.xml (EX-101.PRE) — 25KB
- tm2432148d1_8k_htm.xml (XML) — 6KB
02. Departure of Directors or Certain Officers; Election
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Extension of Employment Arrangement with David Rawlinson II On December 27, 2024, Qurate Retail, Inc. (the "Company") entered into a letter agreement (the "Extension Letter") with David Rawlinson II, President and Chief Executive Officer of the Company, extending the term of his employment with the Company under the Employment Agreement, effective July 12, 2021 (the "Employment Agreement"), through February 28, 2025 (the "Term") (subject to any further extension that may be agreed to by the Company and Mr. Rawlinson) while a new employment arrangement with Mr. Rawlinson is negotiated. Pursuant to the Extension Letter, if Mr. Rawlinson and the Company have not entered into a new employment agreement or mutually agreed to a further extension of the Term on or prior to February 28, 2025, Mr. Rawlinson's employment will terminate at the end of February 28, 2025 and shall be treated as a Protected Termination for purposes of the Employment Agreement, provided that the Severance Payments (as defined in the Employment Agreement) shall instead equal $1,000,000. The Employment Agreement was described in Item 5.02 of the Current Report on Form 8-K filed by the Company on July 13, 2021. The term of Mr. Rawlinson's employment with the Company under the Employment Agreement was scheduled to end on December 31, 2024. The foregoing description of the Extension Letter is qualified in its entirety by reference to the Extension Letter, which is attached hereto as Exhibit 10.1 and is incorporated by reference into this Item 5.02.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Extension Letter, dated December 27, 2024, between the Company and David Rawlinson II 104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 27, 2024 QURATE RETAIL, INC. By: /s/ Katherine C. Jewell Name: Katherine C. Jewell Title: Vice President and Secretary