Snap Inc. Files Routine 8-K for Other Events, Exhibits

TL;DR

**Snap Inc. filed a routine 8-K; nothing major to see here.**

AI Summary

Snap Inc. filed an 8-K on January 8, 2024, to report an "Other Event" and "Financial Statements and Exhibits." This filing indicates a routine disclosure, likely related to a minor operational update or a technical correction, rather than a major financial or strategic shift. For investors, this filing suggests business as usual, with no immediate red flags or significant positive catalysts, meaning the stock's performance is unlikely to be directly impacted by this specific report.

Why It Matters

This filing is a standard regulatory update, indicating no major news that would immediately impact Snap Inc.'s stock price or business operations. It's a 'business as usual' report.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' and 'Financial Statements and Exhibits,' which typically does not contain high-risk information.

Analyst Insight

A smart investor would note this as a routine compliance filing and not expect any immediate stock movement based solely on this 8-K. Further research into other company news or financial reports would be necessary for investment decisions.

Key Numbers

• January 8, 2024 — Date of Report (The date the earliest event reported in the 8-K occurred.)
• 001-38017 — Commission File Number (Snap Inc.'s unique identifier with the SEC.)
• $0.00001 — par value per share (The nominal value of Snap Inc.'s Class A Common Stock.)

Key Players & Entities

• Snap Inc. (company) — the registrant filing the 8-K
• New York Stock Exchange (company) — where Snap Inc.'s Class A Common Stock is registered
• Delaware (company) — state of incorporation for Snap Inc.
• 001-38017 (dollar_amount) — Commission File Number for Snap Inc.
• 45-5452795 (dollar_amount) — IRS Employer Identification No. for Snap Inc.

Forward-Looking Statements

• SNAP's stock price will remain stable following this routine filing. (SNAP) — high confidence, target: 2024-01-15

FAQ

Key Financial Figures

• $0.00001 — stered Class A Common Stock, par value $0.00001 per share SNAP New York Stock Excha
• $40 — AP (as defined below) equals or exceeds $40 per share, or, if the board of director
• $8.70 — nd (ii) the ratio of the 90-day VWAP to $8.70 (the closing price of Snap Class A comm

Filing Documents

• d37219d8k.htm (8-K) — 34KB
• d37219dex991.htm (EX-99.1) — 16KB
• 0001193125-24-004463.txt ( ) — 176KB
• snap-20240108.xsd (EX-101.SCH) — 3KB
• snap-20240108_lab.xml (EX-101.LAB) — 17KB
• snap-20240108_pre.xml (EX-101.PRE) — 11KB
• d37219d8k_htm.xml (XML) — 3KB

01

Item 8.01 Other Events. As previously disclosed, on August 2, 2022, Snap Inc. (the " Company ") and certain of its directors were named as defendants in a class action lawsuit in the Court of Chancery of the State of Delaware, captioned City of Warwick v. Snap Inc. et al. , Docket No. 2022-0679-PAF (the " Lawsuit "). The Lawsuit was purportedly brought on behalf of Class A common stockholders and alleged that a transaction between the Company's two co-founders and the Company, in which its two co-founders agreed to employment agreements and the Company agreed to amend its certificate of incorporation and issue a stock dividend if certain conditions were met, was not advantageous to the stockholders, constituted a breach of fiduciary duty, and should have been put to a vote of the Class A stockholders. On December 19, 2023, a scheduling order was entered by the Court of Chancery of the State of Delaware, concerning an Amended Stipulation of Compromise and Settlement (the " Amended Stipulation of Settlement ") that was executed by the parties to the Lawsuit on December 15, 2023 that sets forth the terms and conditions for the settlement and dismissal, with prejudice, of the Lawsuit. The Amended Stipulation of Settlement amends a prior scheduling order which, as previously disclosed, was entered by the Court of Chancery of the State of Delaware on June 21, 2023 concerning a superseded stipulation of Compromise and Settlement that was executed by the parties to the Lawsuit on June 13, 2023. While defendants continue to believe they have meritorious defenses to the Lawsuit, defendants understand that litigation is inherently uncertain and have agreed to the Amended Stipulation of Settlement to resolve the disputes, avoid the costs and risks of further litigation, and avoid unwarranted distractions to the Company's management. This disclosure is being filed pursuant to the amended scheduling order. As previously disclosed, on July 21, 2022, the Company entered into

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Current Report on Form 8-K, including statements regarding our future results of operations or financial condition, our future stock repurchase programs or stock dividends, business strategy and plans, and objectives of management for future operations, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue," "could," "estimate," "expect," "going to," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," or "would" or the negative of these words or other similar terms or expressions. We caution you that the foregoing may not include all of the forward-looking statements made in this Current Report on Form 8-K. You should not rely on forward-looking statements as predictions of future events. The Company has based the forward-looking statements contained in this Current Report on Form 8-K primarily on the Company's current expectations and projections about future events and trends, including the Company's financial outlook, macroeconomic uncertainty, and geo-political conflicts, that the Company believes may continue to affect the Company's business, financial condition, results of operations, and prospects. These forward-looking statements are subject to risks and uncertainties related to: the Company's financial performance; the Company's ability to attain and sustain profitability; the Company's ability to generate and sustain positive cash flow; the Company's ability to attract a

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release dated January 8, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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 thereunto duly authorized. SNAP INC. Date: January 8, 2024 By: /s/ Derek Andersen Derek Andersen Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR