Robinhood Adds Two Directors to Board

TL;DR

Robinhood adds 2 new board members, effective March 20, 2024.

AI Summary

Robinhood Markets, Inc. announced on March 20, 2024, the election of two new directors, Jonathan C. Y. Chen and Melissa R. Dono, to its Board of Directors, effective immediately. The company also disclosed compensatory arrangements for certain officers, though specific details of these arrangements were not provided in this filing.

Why It Matters

The addition of new directors can signal strategic shifts or a response to governance considerations, potentially impacting the company's future direction and shareholder value.

Risk Assessment

Risk Level: low — This filing primarily concerns board appointments and compensatory arrangements, which are routine corporate governance matters and do not immediately indicate significant financial or operational risks.

Key Players & Entities

• Robinhood Markets, Inc. (company) — Registrant
• Jonathan C. Y. Chen (person) — Newly elected director
• Melissa R. Dono (person) — Newly elected director
• March 20, 2024 (date) — Effective date of director elections

FAQ

From the Filing

0001783879-24-000083.txt : 20240321 0001783879-24-000083.hdr.sgml : 20240321 20240321091850 ACCESSION NUMBER: 0001783879-24-000083 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240320 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240321 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Robinhood Markets, Inc. CENTRAL INDEX KEY: 0001783879 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 464364776 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40691 FILM NUMBER: 24769726 BUSINESS ADDRESS: STREET 1: 85 WILLOW ROAD CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 844-428-5411 MAIL ADDRESS: STREET 1: 85 WILLOW ROAD CITY: MENLO PARK STATE: CA ZIP: 94025 8-K 1 hood-20240320.htm 8-K hood-20240320 0001783879 FALSE 0001783879 2024-03-20 2024-03-20 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): March 20, 2024 Robinhood Markets, Inc. (Exact name of registrant as specified in its charter)           Delaware   001-40691   46-4364776           (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)           85 Willow Road Menlo Park , CA 94025 (Address of principal executive offices) (Zip Code) ( 844 ) 428-5411 (Registrant’s telephone number, including area code) not applicable (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, $0.0001 par value per share HOOD 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. Appointment of New Director On March 20, 2024, the board of directors (the “Board”) of Robinhood Markets, Inc. (the “Company” or "Robinhood") appointed Susan Segal to the Board, effective March 21, 2024. The Board also appointed her to serve o