Weave Communications Announces Board Changes and Executive Compensation Updates
Ticker: WEAV · Form: 8-K · Filed: Mar 26, 2024 · CIK: 1609151
| Field | Detail |
|---|---|
| Company | Weave Communications, Inc. (WEAV) |
| Form Type | 8-K |
| Filed Date | Mar 26, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, management-changes
TL;DR
Weave Communications shakes up its board and exec pay structure.
AI Summary
On March 21, 2024, Weave Communications, Inc. reported changes in its board of directors and executive compensation. The company announced the departure of director Scott W. Arnold and the appointment of new directors, including David A. Jenkins and Scott R. McNealy. Additionally, the company entered into new employment agreements with certain officers, including President and CEO Scott W. Denham.
Why It Matters
This filing indicates significant shifts in leadership and compensation structures at Weave Communications, which could impact the company's strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can signal strategic shifts or internal challenges that may affect the company's future performance.
Key Players & Entities
- Weave Communications, Inc. (company) — Registrant
- Scott W. Arnold (person) — Departing Director
- David A. Jenkins (person) — Appointed Director
- Scott R. McNealy (person) — Appointed Director
- Scott W. Denham (person) — President and CEO
- March 21, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Weave Communications' board of directors?
Scott W. Arnold has departed from Weave Communications' board of directors as of March 21, 2024.
Who are the newly appointed directors at Weave Communications?
David A. Jenkins and Scott R. McNealy have been appointed as new directors to the board of Weave Communications.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on March 21, 2024.
What specific items are being reported under the 8-K filing for Weave Communications?
The filing reports on the Departure of Directors or Certain Officers, Election of Directors, Appointment of Certain Officers, and Compensatory Arrangements of Certain Officers.
What is the principal executive office address for Weave Communications?
The principal executive offices of Weave Communications are located at 1331 W Powell Way, Lehi, Utah 84043.
Filing Stats: 579 words · 2 min read · ~2 pages · Grade level 11 · Accepted 2024-03-26 16:09:13
Key Financial Figures
- $0.00001 — ange on which registered Common Stock, $0.00001 par value WEAV New York Stock Exchange
Filing Documents
- weav-20240321.htm (8-K) — 27KB
- 0001609151-24-000033.txt ( ) — 162KB
- weav-20240321.xsd (EX-101.SCH) — 2KB
- weav-20240321_def.xml (EX-101.DEF) — 3KB
- weav-20240321_lab.xml (EX-101.LAB) — 24KB
- weav-20240321_pre.xml (EX-101.PRE) — 14KB
- weav-20240321_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. WEAVE COMMUNICATIONS, INC. Date: March 26, 2024 By: /s/ Erin Goodsell Name: Erin Goodsell Title: Chief Legal Officer