Angi Inc. Shuffles Legal Leadership, CEO Gets New Contract

Ticker: ANGI · Form: 8-K · Filed: 2024-04-09T00:00:00.000Z

Sentiment: neutral

Topics: executive-change, legal, employment-agreement

Related Tickers: ANGI

TL;DR

Angi's CLO is out, new one in, CEO got a new deal.

AI Summary

Angi Inc. announced on April 5, 2024, the departure of its Chief Legal Officer, Sarah Simmons, effective April 8, 2024. The company also appointed Michael Tolleson as the new Chief Legal Officer. Additionally, Angi Inc. entered into a new employment agreement with its Chief Executive Officer, William L. Anstis, effective April 5, 2024.

Why It Matters

Changes in key executive positions, especially the Chief Legal Officer and CEO, can signal shifts in company strategy or internal stability.

Risk Assessment

Risk Level: medium — Executive departures and new employment agreements can indicate internal changes that may affect future performance.

Key Players & Entities

FAQ

Who is the new Chief Legal Officer at Angi Inc.?

Michael Tolleson has been appointed as the new Chief Legal Officer of Angi Inc.

When did Sarah Simmons' departure from Angi Inc. become effective?

Sarah Simmons' departure as Chief Legal Officer was effective April 8, 2024.

Has Angi Inc. entered into a new employment agreement with its CEO?

Yes, Angi Inc. entered into a new employment agreement with its Chief Executive Officer, William L. Anstis, effective April 5, 2024.

What was the previous role of Sarah Simmons at Angi Inc.?

Sarah Simmons was the Chief Legal Officer at Angi Inc. before her departure.

What is the effective date of the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing has an effective date of April 5, 2024.

From the Filing

0001104659-24-044820.txt : 20240409 0001104659-24-044820.hdr.sgml : 20240409 20240408175150 ACCESSION NUMBER: 0001104659-24-044820 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240405 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: 20240409 DATE AS OF CHANGE: 20240408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Angi Inc. CENTRAL INDEX KEY: 0001705110 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 821204801 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38220 FILM NUMBER: 24830644 BUSINESS ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 2123147230 MAIL ADDRESS: STREET 1: 555 WEST 18TH STREET CITY: NEW YORK STATE: NY ZIP: 10011 FORMER COMPANY: FORMER CONFORMED NAME: ANGI Homeservices Inc. DATE OF NAME CHANGE: 20170504 FORMER COMPANY: FORMER CONFORMED NAME: Halo TopCo, Inc. DATE OF NAME CHANGE: 20170427 8-K 1 tm2411363d1_8k.htm FORM 8-K false 0001705110 0001705110 2024-04-05 2024-04-05 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       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): April 5, 2024   Angi Inc. (Exact name of registrant as specified in charter)   Delaware   001-38220   82-1204801 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   3601 Walnut Street , Suite 700 Denver , CO   80205 (Address of principal executive offices)   (Zip Code)   Registrant’s telephone number, including area code: ( 303 ) 963-7200   (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, par value $0.001 ANGI The Nasdaq Stock Market LLC (Nasdaq Global Select Market)   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.   CEO Transition   On April 8, 2024, Angi Inc. (the “Registrant” or “Angi”) announced that Jeffrey W. Kip, President of Angi, was a

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