Warby Parker Inc. Reports Officer and Director Changes
Ticker: WRBY · Form: 8-K · Filed: Oct 4, 2024 · CIK: 1504776
| Field | Detail |
|---|---|
| Company | Warby Parker Inc. (WRBY) |
| Form Type | 8-K |
| Filed Date | Oct 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: officer-changes, director-changes, compensation
Related Tickers: WRBY
TL;DR
Warby Parker (WRBY) filed an 8-K detailing leadership changes and compensation adjustments effective Oct 1st.
AI Summary
Warby Parker Inc. filed an 8-K on October 4, 2024, reporting changes effective October 1, 2024. The filing pertains to the departure of directors or certain officers, the election of directors, and the appointment of certain officers, as well as compensatory arrangements for certain officers. Specific details regarding the individuals involved, their roles, and the nature of the compensatory arrangements are outlined within the filing.
Why It Matters
Changes in key leadership and officer compensation can signal shifts in company strategy or financial health, impacting investor confidence and stock performance.
Risk Assessment
Risk Level: medium — Changes in executive and director positions, along with compensation adjustments, can introduce uncertainty regarding future company direction and performance.
Key Players & Entities
- Warby Parker Inc. (company) — Registrant
- October 1, 2024 (date) — Effective date of reported changes
- October 4, 2024 (date) — Filing date of the 8-K
- Delaware (jurisdiction) — State of incorporation
- 233 Spring Street, 6th Floor East, New York, New York 10013 (address) — Principal Executive Offices
FAQ
What specific officer positions were affected by the changes reported in this 8-K?
The filing indicates the appointment of certain officers, but the specific positions are detailed within the document's sections on officer appointments and compensatory arrangements.
Were any directors appointed or did any depart from Warby Parker Inc. as of October 1, 2024?
Yes, the filing explicitly states 'Election of Directors' and 'Departure of Directors or Certain Officers' as items being reported, effective October 1, 2024.
What is the nature of the 'Compensatory Arrangements of Certain Officers' mentioned in the filing?
The filing indicates that details regarding the compensatory arrangements for certain officers are being disclosed, which would include specifics on salary, bonuses, stock options, or other forms of compensation.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on October 4, 2024.
What is Warby Parker Inc.'s state of incorporation?
Warby Parker Inc. is incorporated in Delaware.
Filing Stats: 641 words · 3 min read · ~2 pages · Grade level 12.7 · Accepted 2024-10-04 17:00:14
Key Financial Figures
- $0.0001 — ich registered Class A Common Stock, $0.0001 par value WRBY New York Stock Excha
Filing Documents
- tm2425632d1_8k.htm (8-K) — 26KB
- 0001104659-24-106310.txt ( ) — 195KB
- wrby-20241001.xsd (EX-101.SCH) — 3KB
- wrby-20241001_lab.xml (EX-101.LAB) — 33KB
- wrby-20241001_pre.xml (EX-101.PRE) — 22KB
- tm2425632d1_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 1, 2024, Gabrielle Sulzberger notified the board of directors (the " Board ") of Warby Parker Inc. (the " Company ") of her intention to resign as a member of the Board, effective on October 18, 2024 (the " Resignation Effective Time "). Ms. Sulzberger's resignation is a result of her desire to focus on her other personal and professional commitments and not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. On October 4, 2024, the Board approved a decrease in the size of the Board from ten (10) directors to nine (9) directors in accordance with the Company's Amended and Restated Bylaws and Restated Certificate of Incorporation, effective upon the Resignation Effective Time. On the same date, in order to achieve an equal balance of membership among the Board's three classes of directors, the Board determined that Teresa Briggs should be reclassified from Class I, with a term expiring at the Company's 2025 Annual Meeting of Stockholders, to Class III, with a term expiring at the Company's 2027 Annual Meeting of Stockholders. Accordingly, and solely to effect such change, effective upon the Resignation Effective Time, Ms. Briggs resigned as a Class I director and was immediately elected by the Board as a Class III director, effective as of the Resignation Effective Time. The resignation and re-election of Ms. Briggs was effected solely to rebalance the Board's classes, and for all other purposes, including committee service and compensation, Ms. Briggs's service on the Board is deemed to have continued uninterrupted.
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. WARBY PARKER INC. Dated: October 4, 2024 By: /s/ Chris Utecht Chris Utecht SVP, General Counsel & Secretary