Outbrain Reports Financials and Officer Compensation Changes
Ticker: TEAD · Form: 8-K · Filed: Feb 29, 2024 · CIK: 1454938
| Field | Detail |
|---|---|
| Company | Outbrain Inc. (TEAD) |
| Form Type | 8-K |
| Filed Date | Feb 29, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, executive-compensation, corporate-governance
TL;DR
**Outbrain just dropped an 8-K on financials and exec pay, so keep an eye on their stock!**
AI Summary
Outbrain Inc. filed an 8-K on February 29, 2024, reporting on its results of operations and financial condition, as well as changes in compensatory arrangements for certain officers. The filing indicates the company's address as 111 West 19th Street, New York, NY 10011, and its business phone number as (646) 867-0149. This report covers the earliest event reported on February 29, 2024, and is filed under SEC File Number 001-40643.
Why It Matters
This filing provides investors with crucial updates on Outbrain's financial performance and executive compensation, which can influence stock valuation and investor confidence.
Risk Assessment
Risk Level: medium — Changes in financial condition and executive compensation can introduce both opportunities and risks for investors, depending on the specifics of the reported information.
Key Players & Entities
- Outbrain Inc. (company) — Registrant
- February 29, 2024 (date) — Date of earliest event reported and filing date
- 111 West 19th Street, New York, NY 10011 (address) — Principal executive offices
- (646) 867-0149 (phone_number) — Registrant's telephone number
- 001-40643 (other) — SEC File Number
FAQ
What is the purpose of Outbrain Inc.'s 8-K filing on February 29, 2024?
The 8-K filing by Outbrain Inc. on February 29, 2024, reports on its results of operations and financial condition, as well as the departure or election of directors and officers, and compensatory arrangements of certain officers.
What is the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 29, 2024.
What is Outbrain Inc.'s business address and phone number as stated in the filing?
Outbrain Inc.'s business address is 111 West 19th Street, New York, NY 10011, and its telephone number is (646) 867-0149.
Under which SEC Act and File Number was this 8-K filed?
This 8-K was filed under the 1934 Act with SEC File Number 001-40643.
What type of information is included under 'ITEM INFORMATION' in this 8-K?
The 'ITEM INFORMATION' includes 'Results of Operations and Financial Condition', 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers', and 'Financial Statements and Exhibits'.
Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-02-29 07:11:27
Key Financial Figures
- $0.001 — ich registered Common stock, par value $0.001 per share OB The Nasdaq Stock Market LL
Filing Documents
- outbrain-20240229.htm (8-K) — 28KB
- q42023er-exhibit991.htm (EX-99.1) — 355KB
- q42023pr-exhibit992.htm (EX-99.2) — 9KB
- image.jpg (GRAPHIC) — 15KB
- 0001628280-24-007796.txt ( ) — 572KB
- outbrain-20240229.xsd (EX-101.SCH) — 2KB
- outbrain-20240229_lab.xml (EX-101.LAB) — 24KB
- outbrain-20240229_pre.xml (EX-101.PRE) — 13KB
- outbrain-20240229_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition On February 29, 2024, Outbrain Inc. (the "Company") issued a press release announcing its financial results for the quarter and full year ended December 31, 2023. Information furnished with Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. In the press release, the Company references non-GAAP financial measures. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measures is included in the press release filed as Exhibit 99.1 hereto. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 28, 2024, the Company and Yaron Galai, Co-Chief Executive Officer ("CEO"), mutually determined that Mr. Galai will step down from his role as the Company's Co-CEO as of April 1, 2024. Mr. Galai will remain an employee of the Company serving in an advisor role through the end of the year. Mr. Galai will continue to serve as Chairman of the Board of Directors. David Kostman, who currently serves with Mr. Galai as Co-CEO, will remain as CEO of the Company. Mr. Galai's transition was not a result of any disagreement on any matter relating to the Company's operations, policies or procedures. The Company plans to enter into an agreement with Mr. Galai outlining the terms of employment in his role as an advisor. In this role, it is expected that Mr. Galai will continue to receive base salary at his current rate, and will participate in the annual bonus program, provided his target annual bonus wi
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated February 29 , 202 4 99.2 Press Release, dated February 29, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. OUTBRAIN INC. Date: February 29, 2024 By: /s/ David Kostman Name: David Kostman Title: Co-Chief Executive Officer 3