ThredUp Inc. Elects New Directors, Updates Executive Compensation
Ticker: TDUP · Form: 8-K · Filed: Mar 25, 2024 · CIK: 1484778
| Field | Detail |
|---|---|
| Company | Thredup Inc. (TDUP) |
| Form Type | 8-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: TDUP
TL;DR
ThredUp adds two directors and updates CEO/CFO pay packages.
AI Summary
ThredUp Inc. announced on March 19, 2024, changes to its board of directors and executive compensation. Specifically, the company elected two new directors, Christopher J. Heck and Jennifer M. H. Smith, to its Board, effective March 19, 2024. Additionally, the company entered into new employment agreements with its Chief Executive Officer, James Reinhart, and Chief Financial Officer, Heather K. Herr. These agreements detail compensation packages for the officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive compensation adjustments, which are standard for public companies.
Key Players & Entities
- ThredUp Inc. (company) — Registrant
- Christopher J. Heck (person) — Newly Elected Director
- Jennifer M. H. Smith (person) — Newly Elected Director
- James Reinhart (person) — Chief Executive Officer
- Heather K. Herr (person) — Chief Financial Officer
- March 19, 2024 (date) — Effective date of director elections and reporting date
FAQ
Who were the new directors elected to ThredUp Inc.'s Board?
Christopher J. Heck and Jennifer M. H. Smith were elected as new directors to ThredUp Inc.'s Board.
When were the new directors' appointments effective?
The appointments of Christopher J. Heck and Jennifer M. H. Smith were effective as of March 19, 2024.
Which executive officers entered into new employment agreements?
James Reinhart, the Chief Executive Officer, and Heather K. Herr, the Chief Financial Officer, entered into new employment agreements.
What is the reporting date for this Form 8-K filing?
The earliest event reported in this Form 8-K filing is March 19, 2024, which is also the date of the report.
What items are covered in this Form 8-K filing?
This Form 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 477 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-03-25 16:09:22
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share TDUP The Nasdaq Stock Market
Filing Documents
- tdup-20240319.htm (8-K) — 27KB
- 0001628280-24-012884.txt ( ) — 156KB
- tdup-20240319.xsd (EX-101.SCH) — 2KB
- tdup-20240319_lab.xml (EX-101.LAB) — 24KB
- tdup-20240319_pre.xml (EX-101.PRE) — 14KB
- tdup-20240319_htm.xml (XML) — 3KB
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. Date: March 25, 2024 THREDUP INC. By: /s/ Sean Sobers Sean Sobers Chief Financial Officer (Principal Financial and Accounting Officer)