Unity Software CFO Departs, Interim Appointed
Ticker: U · Form: 8-K · Filed: May 13, 2024 · CIK: 1810806
Sentiment: neutral
Topics: executive-departure, interim-cfo, personnel-change
Related Tickers: U
TL;DR
Unity's CFO is out, Liz Morali steps in as interim. Keep an eye on financial strategy.
AI Summary
Unity Software Inc. announced on May 10, 2024, the departure of Chief Financial Officer, Michael G. Shah, effective May 15, 2024. The company also announced the appointment of Elizabeth "Liz" Morali as interim CFO. Additionally, Unity disclosed compensatory arrangements for certain officers, though specific details of these arrangements were not provided in this excerpt.
Why It Matters
A CFO departure can signal financial strategy shifts or internal challenges, while the appointment of an interim CFO suggests a transition period for the company's financial leadership.
Risk Assessment
Risk Level: medium — The departure of a CFO and the appointment of an interim successor can create uncertainty regarding financial strategy and stability.
Key Players & Entities
- Unity Software Inc. (company) — Registrant
- Michael G. Shah (person) — Departing Chief Financial Officer
- May 10, 2024 (date) — Date of Report
- May 15, 2024 (date) — Effective date of CFO departure
- Elizabeth "Liz" Morali (person) — Appointed Interim Chief Financial Officer
FAQ
Who has been appointed as the interim Chief Financial Officer of Unity Software Inc.?
Elizabeth "Liz" Morali has been appointed as the interim Chief Financial Officer.
When is Michael G. Shah's departure as CFO effective?
Michael G. Shah's departure as CFO is effective May 15, 2024.
What is the date of the report for Unity Software Inc.?
The date of the report is May 10, 2024.
What is Unity Software Inc.'s principal executive office address?
Unity Software Inc.'s principal executive office is located at 30 3rd Street, San Francisco, California 94103-3104.
What is the telephone number for Unity Software Inc.'s principal executive offices?
The telephone number for Unity Software Inc.'s principal executive offices is (415) 638-9950.
Filing Stats: 900 words · 4 min read · ~3 pages · Grade level 11.5 · Accepted 2024-05-13 16:18:42
Key Financial Figures
- $0.000005 — ange on which registered Common stock, $0.000005 par value U The New York Stock Exchange
- $200,000 — lump sum cash payment in the amount of $200,000, less applicable state and federal payr
- $400,000 — lump sum cash payment in the amount of $400,000, less applicable state and federal payr
- $14,801 — payment in the amount of approximately $14,801, less applicable state and federal payr
Filing Documents
- unity-20240510.htm (8-K) — 33KB
- exhibit101resignationandtr.htm (EX-10.1) — 47KB
- 0001810806-24-000102.txt ( ) — 212KB
- unity-20240510.xsd (EX-101.SCH) — 2KB
- unity-20240510_lab.xml (EX-101.LAB) — 21KB
- unity-20240510_pre.xml (EX-101.PRE) — 12KB
- unity-20240510_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 10.1 Resignation and Transition Agreement, by and between Marc Whitten and Unity Technologies SF, dated May 10, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITY SOFTWARE INC. Date: May 13, 2024 By: /s/ Luis Visoso Luis Visoso Executive Vice President and Chief Financial Officer (Principal Financial Officer)