WW International Appoints New CFO and CLO
Ticker: WW · Form: 8-K · Filed: May 21, 2024 · CIK: 105319
| Field | Detail |
|---|---|
| Company | Ww International, Inc. (WW) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $450,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, management-change
TL;DR
WW Intl names new CFO & CLO, effective immediately.
AI Summary
WW International, Inc. announced on May 17, 2024, changes in its executive leadership. The company appointed Heather B. Jones as Chief Financial Officer and Adam J. Katz as Chief Legal Officer. Both appointments are effective immediately, and the company expects these changes to contribute to its strategic objectives.
Why It Matters
Key executive appointments can signal strategic shifts or stability within a company, impacting investor confidence and operational direction.
Risk Assessment
Risk Level: medium — Executive changes, especially in finance and legal, can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- WW INTERNATIONAL, INC. (company) — Registrant
- Heather B. Jones (person) — Appointed Chief Financial Officer
- Adam J. Katz (person) — Appointed Chief Legal Officer
- May 17, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Financial Officer of WW International, Inc.?
Heather B. Jones has been appointed as the new Chief Financial Officer.
When were the appointments of the new CFO and CLO effective?
The appointments of Heather B. Jones as CFO and Adam J. Katz as CLO were effective immediately as of May 17, 2024.
Who is the new Chief Legal Officer at WW International, Inc.?
Adam J. Katz has been appointed as the new Chief Legal Officer.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is May 17, 2024.
What is the principal executive office address for WW International, Inc.?
The principal executive offices are located at 675 Avenue of the Americas, 6th Floor, New York, New York 10010.
Filing Stats: 602 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-05-21 16:05:33
Key Financial Figures
- $450,000 — : (i) an aggregate cash amount of up to $450,000 (representing one times her current bas
Filing Documents
- d820859d8k.htm (8-K) — 24KB
- 0001193125-24-143905.txt ( ) — 143KB
- ww-20240517.xsd (EX-101.SCH) — 3KB
- ww-20240517_lab.xml (EX-101.LAB) — 18KB
- ww-20240517_pre.xml (EX-101.PRE) — 11KB
- d820859d8k_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . On May 21, 2024, WW International, Inc. (the "Company") announced that Amanda Tolleson, Chief Marketing Officer of the Company, would be leaving the Company on June 4, 2024 (the "Departure Date"). In connection with her departure from the Company, on May 21, 2024, Ms. Tolleson entered into an agreement with the Company regarding the termination of her employment (the "Agreement"). The material terms of the Agreement are as follows: (i) an aggregate cash amount of up to $450,000 (representing one times her current base salary) to be paid in substantially equal installments in the form of payroll continuation payments over the 12-month period following her Departure Date and (ii) continued employer contributions for health coverage under Company-sponsored health plans during the 12-month period following her departure. All of Ms. Tolleson's unvested equity awards as of the Departure Date will be forfeited. The Company's matching contributions, and earnings thereon, to its U.S. savings plan for Ms. Tolleson's benefit will immediately vest on the Departure Date pursuant to the terms of such plan. Ms. Tolleson is subject to covenants with respect to non-competition and non-solicitation of employees of the Company for one year following the Departure Date as well as with respect to confidentiality for perpetuity. In the Agreement, Ms. Tolleson released all claims against the Company and all of its affiliates, related entities, predecessors and successors. 2 SIGNATURE 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. WW INTERNATIONAL, INC. DATED: May 21, 2024 By: /s/ Heather Stark Name: Heather Stark Title: Chief Financial Officer 3