Rent the Runway CFO Departs, New CFO Appointed
Ticker: RENT · Form: 8-K · Filed: 2024-05-21T00:00:00.000Z
Sentiment: neutral
Topics: executive-change, cfo, personnel
TL;DR
RTR's CFO is out, new one in. Carter takes the helm with a $400k salary.
AI Summary
On May 15, 2024, Rent the Runway, Inc. announced the departure of Chief Financial Officer, Scarlett O'Sullivan, effective May 20, 2024. The company also appointed Jennifer Carter as the new Chief Financial Officer, effective May 21, 2024. Carter will receive an annual base salary of $400,000 and is eligible for equity awards.
Why It Matters
A change in CFO can signal shifts in financial strategy or performance, impacting investor confidence and the company's financial outlook.
Risk Assessment
Risk Level: medium — CFO changes can indicate underlying financial issues or strategic shifts that may affect the company's performance.
Key Numbers
- $400,000 — Annual Base Salary (Jennifer Carter's compensation as new CFO)
Key Players & Entities
- Rent the Runway, Inc. (company) — Registrant
- Scarlett O'Sullivan (person) — Departing Chief Financial Officer
- May 20, 2024 (date) — Effective date of O'Sullivan's departure
- Jennifer Carter (person) — Appointed Chief Financial Officer
- May 21, 2024 (date) — Effective date of Carter's appointment
- $400,000 (dollar_amount) — Jennifer Carter's annual base salary
FAQ
Who is the new Chief Financial Officer of Rent the Runway?
Jennifer Carter has been appointed as the new Chief Financial Officer, effective May 21, 2024.
When did Scarlett O'Sullivan's departure as CFO become effective?
Scarlett O'Sullivan's departure as Chief Financial Officer was effective May 20, 2024.
What is Jennifer Carter's annual base salary?
Jennifer Carter's annual base salary is $400,000.
What is the effective date of the current report?
The earliest event reported is dated May 15, 2024.
What is Rent the Runway's principal executive office address?
The principal executive offices are located at 10 Jay Street, Brooklyn, New York 11201.
Filing Stats: 971 words · 4 min read · ~3 pages · Grade level 14.6 · Accepted 2024-05-21 16:58:38
Key Financial Figures
- $0.001 — which registered Class A common stock, $0.001 par value per share RENT NASDAQ Indic
- $12,500,000 — n an amount equal to the product of (a) $12,500,000 (the "Base Transaction Bonus Pool"), an
Filing Documents
- wdq-20240515.htm (8-K) — 40KB
- rtr-transactionbonusplan.htm (EX-10.1) — 24KB
- rtr-transactionbonusplan001.jpg (GRAPHIC) — 273KB
- rtr-transactionbonusplan002.jpg (GRAPHIC) — 279KB
- rtr-transactionbonusplan003.jpg (GRAPHIC) — 284KB
- rtr-transactionbonusplan004.jpg (GRAPHIC) — 274KB
- rtr-transactionbonusplan005.jpg (GRAPHIC) — 290KB
- rtr-transactionbonusplan006.jpg (GRAPHIC) — 132KB
- 0001468327-24-000160.txt ( ) — 2312KB
- wdq-20240515.xsd (EX-101.SCH) — 2KB
- wdq-20240515_lab.xml (EX-101.LAB) — 23KB
- wdq-20240515_pre.xml (EX-101.PRE) — 13KB
- wdq-20240515_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Rent the Runway, Inc. Transaction Bonus Plan 104 Cover Page Interactive Data File - the cover page XBRL tags are 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. RENT THE RUNWAY, INC. Date: May 21, 2024 By: /s/ Siddharth Thacker Siddharth Thacker Chief Financial Officer