SoFi Technologies Announces Board and Executive Compensation Changes
Ticker: SOFI · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1818874
| Field | Detail |
|---|---|
| Company | Sofi Technologies, INC. (SOFI) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation
TL;DR
SoFi shakes up board, adjusts exec pay. Big changes coming?
AI Summary
SoFi Technologies, Inc. announced on January 8, 2025, changes in its board and executive compensation. The filing details the departure of a director, the election of a new director, and updates to compensatory arrangements for certain officers. Specific names of departing and newly elected directors, along with details of the compensation adjustments, are provided within the document.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — Board and executive changes can indicate internal shifts that may affect future company performance and strategy, warranting investor attention.
Key Numbers
- 001-39606 — SEC File Number (Identifies the company's filing history with the SEC.)
- 98-1547291 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- SoFi Technologies, Inc. (company) — Registrant
- January 8, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- San Francisco, California (location) — Principal executive offices
- Social Capital Hedosophia Holdings Corp. V (company) — Former company name
FAQ
Who is the director that has departed from SoFi Technologies, Inc.?
The filing indicates the departure of a director, but the specific name is not provided in the provided text snippet. Further details would be in the full document.
Who is the newly elected director at SoFi Technologies, Inc.?
The filing states the election of a new director, but the specific name is not mentioned in the provided text snippet. The full document would contain this information.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is January 8, 2025.
What is the principal executive office address for SoFi Technologies, Inc.?
The principal executive offices are located at 234 1st Street, San Francisco, California 94105.
What was SoFi Technologies, Inc.'s former company name?
SoFi Technologies, Inc.'s former company name was Social Capital Hedosophia Holdings Corp. V.
Filing Stats: 442 words · 2 min read · ~1 pages · Grade level 11.7 · Accepted 2025-01-10 16:06:34
Key Financial Figures
- $0.0001 — ange on which registered Common stock, $0.0001 par value per share SOFI The Nasdaq Glo
Filing Documents
- sofi-20250108.htm (8-K) — 23KB
- 0001818874-25-000002.txt ( ) — 142KB
- sofi-20250108.xsd (EX-101.SCH) — 2KB
- sofi-20250108_lab.xml (EX-101.LAB) — 21KB
- sofi-20250108_pre.xml (EX-101.PRE) — 12KB
- sofi-20250108_htm.xml (XML) — 3KB
From the Filing
sofi-20250108 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 8-K __________________________________ CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): January 8, 2025 SoFi Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 001-39606 (Commission File Number) 98-1547291 (I.R.S. Employer Identification No.) 234 1st Street San Francisco , California 94105 (Address of principal executive offices) (Zip Code) ( 855 ) 456-7634 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.0001 par value per share SOFI The Nasdaq Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Director Resignation On January 8, 2025, Mr. Michael Bingle notified the Board of Directors of the Company of his resignation from service as a director of the Company, effective January 13, 2025. The decision to resign for Mr. Bingle is not the result of any disagreement with the Company on any matter relating to the operations, policies or practices of the Company. The Company and the Board thank Mr. Bingle for his valuable insights, perspective and commitment during his tenure. 1 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. SoFi Technologies, Inc. Date: January 10, 2025 By: /s/ Christopher Lapointe Name: Christopher Lapointe Title: Chief Financial Officer