Clear Secure Appoints New Directors, CEO Gets New Employment Agreement
Ticker: YOU · Form: 8-K · Filed: Sep 4, 2024 · CIK: 1856314
| Field | Detail |
|---|---|
| Company | Clear Secure, Inc. (YOU) |
| Form Type | 8-K |
| Filed Date | Sep 4, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Clear Secure adds 2 directors, CEO David Pekarek signs new employment deal.
AI Summary
Clear Secure, Inc. announced on August 29, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Ms. Karen L. K. Chan and Mr. David M. Dikecoss, to its Board of Directors. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, Mr. David L. Pekarek, effective August 29, 2024.
Why It Matters
Changes in board composition and executive employment agreements 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 common and typically do not indicate significant new risks.
Key Players & Entities
- Clear Secure, Inc. (company) — Registrant
- Karen L. K. Chan (person) — Newly elected Director
- David M. Dikecoss (person) — Newly elected Director
- David L. Pekarek (person) — Chief Executive Officer
- August 29, 2024 (date) — Effective date of changes
FAQ
Who were the new directors elected to Clear Secure's Board?
Clear Secure elected Ms. Karen L. K. Chan and Mr. David M. Dikecoss to its Board of Directors.
When was the election of the new directors effective?
The filing indicates the earliest event reported was August 29, 2024, which is the date of the change.
What is the significance of the new employment agreement for the CEO?
The filing states that a new employment agreement was entered into with CEO David L. Pekarek, effective August 29, 2024, indicating continued leadership and potentially updated terms of service.
What is Clear Secure's principal executive office address?
Clear Secure's principal executive offices are located at 85 10th Avenue, 9th Floor, New York, NY 10011.
What is the filing date of this Form 8-K?
This Form 8-K was filed as of date September 4, 2024.
Filing Stats: 433 words · 2 min read · ~1 pages · Grade level 10.6 · Accepted 2024-09-04 16:28:07
Key Financial Figures
- $0.00001 — tered Class A common stock, par value $0.00001 per share YOU New York Stock Exchan
Filing Documents
- eh240526203_8k.htm (8-K) — 23KB
- 0000950142-24-002328.txt ( ) — 191KB
- you-20240829.xsd (EX-101.SCH) — 3KB
- you-20240829_lab.xml (EX-101.LAB) — 33KB
- you-20240829_pre.xml (EX-101.PRE) — 22KB
- eh240526203_8k_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 August 29, 2024, Kasra Moshkani, EVP, Verified of Clear Secure, Inc. (the "Company", or "us"), informed us of his intention to resign to pursue other opportunities. We expect his departure to be effective on September 18, 2024. Mr. Moshkani joined the Company in 2021 and we thank him for his service. The Company has initiated a search for his successor.
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. CLEAR SECURE, INC. Date: September 4, 2024 By: /s/ Lynn Haaland Name: Lynn Haaland Title: General Counsel & Chief Privacy Officer