Meta Platforms Reports Officer Changes & Compensation Arrangements

Ticker: META · Form: 8-K · Filed: 2024-02-14T00:00:00.000Z

Sentiment: neutral

Topics: personnel-change, executive-compensation, corporate-governance

Related Tickers: META

TL;DR

Meta just filed an 8-K about **executive changes and compensation**, details to follow!

AI Summary

Meta Platforms, Inc. filed an 8-K on February 14, 2024, reporting events that occurred on February 13, 2024. The filing indicates the reporting of Item 5.02, concerning the departure, election, or appointment of certain officers or directors, and compensatory arrangements for certain officers. Additionally, Item 9.01 regarding Financial Statements and Exhibits was reported. Specific names, dollar amounts, or detailed event descriptions were not included in this initial filing snippet.

Why It Matters

This filing signals potential shifts in Meta's leadership or executive compensation structure, which can influence company strategy and investor confidence. While details are pending, such changes are closely watched by the market.

Risk Assessment

Risk Level: medium — Personnel changes and compensation adjustments can significantly impact a company's direction and financial health, though the specific details are not yet available in this snippet.

Key Players & Entities

FAQ

What company filed this 8-K?

Meta Platforms, Inc. filed this 8-K.

What was the date of the earliest event reported in this filing?

The date of the earliest event reported was February 13, 2024.

What specific items are being reported in this 8-K?

This 8-K reports on Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) and Item 9.01 (Financial Statements and Exhibits).

What is the Central Index Key (CIK) for Meta Platforms, Inc.?

The Central Index Key (CIK) for Meta Platforms, Inc. is 0001326801.

What is the business phone number for Meta Platforms, Inc. as listed in the filing?

The business phone number for Meta Platforms, Inc. is (650) 543-4800.

From the Filing

0001326801-24-000019.txt : 20240214 0001326801-24-000019.hdr.sgml : 20240214 20240214162803 ACCESSION NUMBER: 0001326801-24-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240213 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240214 DATE AS OF CHANGE: 20240214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Meta Platforms, Inc. CENTRAL INDEX KEY: 0001326801 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 201665019 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35551 FILM NUMBER: 24638978 BUSINESS ADDRESS: STREET 1: 1 META WAY CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 650-543-4800 MAIL ADDRESS: STREET 1: 1 META WAY CITY: MENLO PARK STATE: CA ZIP: 94025 FORMER COMPANY: FORMER CONFORMED NAME: Facebook Inc DATE OF NAME CHANGE: 20050511 8-K 1 meta-20240213.htm 8-K meta-20240213 0001326801 false 0001326801 2024-02-13 2024-02-13 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): February 13, 2024 Meta Platforms, Inc. (Exact name of registrant as specified in its charter) Delaware 001-35551 20-1665019 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 1 Meta Way , Menlo Park , California 94025 (Address of principal executive offices and Zip Code) ( 650 ) 543-4800 (Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.000006 par value META The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 13, 2024, the Board of Directors (the "Board") of Meta Platforms, Inc. (the "Company") elected John Arnold and Hock Tan as members of the Board, effective immediately. The Board also appointed Messrs. Arnold and Tan as members of the Audit & Risk Oversight Committee of the Board, effective immediately. A copy of the press release announcing the elections is attached as Exhibit 99.1 to this report. The Board has determined that each of Messrs. Arnold and Tan qualifies as an independent director under the corporate governance s

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