Amplitude Appoints New CFO, Grants Stock Awards
Ticker: AMPL · Form: 8-K · Filed: 2024-05-24T00:00:00.000Z
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
Amplitude just hired a new CFO, Jonathan Chadwick, and gave him a boatload of stock. Starting May 28th.
AI Summary
Amplitude, Inc. announced on May 23, 2024, the appointment of Jonathan Chadwick as Chief Financial Officer, effective May 28, 2024. Chadwick will receive an annual base salary of $375,000 and will be eligible for a discretionary annual bonus. He will also be granted 150,000 restricted stock units (RSUs) vesting over four years, with 25% vesting after one year and the remainder vesting quarterly thereafter.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The stock grants indicate a commitment to retaining key talent.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $375,000 — CFO Base Salary (Annual compensation for Jonathan Chadwick)
- 150,000 — RSUs Granted (Stock award to new CFO vesting over four years)
Key Players & Entities
- Amplitude, Inc. (company) — Registrant
- Jonathan Chadwick (person) — Appointed Chief Financial Officer
- $375,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Restricted stock units granted to new CFO
- May 23, 2024 (date) — Date of report
- May 28, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of Amplitude, Inc.?
Jonathan Chadwick has been appointed as the new Chief Financial Officer of Amplitude, Inc.
When is the effective date for Jonathan Chadwick's appointment as CFO?
Jonathan Chadwick's appointment as CFO is effective May 28, 2024.
What is the annual base salary for the new CFO?
The annual base salary for the new CFO, Jonathan Chadwick, is $375,000.
How many restricted stock units (RSUs) were granted to the new CFO?
The new CFO, Jonathan Chadwick, was granted 150,000 restricted stock units (RSUs).
What is the vesting schedule for the RSUs granted to the new CFO?
The 150,000 RSUs granted to the new CFO will vest over four years, with 25% vesting after one year and the remainder vesting quarterly thereafter.
Filing Stats: 615 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-05-24 17:04:35
Key Financial Figures
- $0.00001 — which registered Class A Common Stock, $0.00001 par value per share AMPL The Nasdaq
Filing Documents
- d665908d8k.htm (8-K) — 26KB
- d665908dex991.htm (EX-99.1) — 4KB
- 0001193125-24-147163.txt ( ) — 150KB
- ampl-20240523.xsd (EX-101.SCH) — 3KB
- ampl-20240523_lab.xml (EX-101.LAB) — 18KB
- ampl-20240523_pre.xml (EX-101.PRE) — 11KB
- d665908d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated May 24, 2024, issued by Amplitude, Inc. 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. AMPLITUDE, INC. Date: May 24, 2024 By: /s/ Spenser Skates Name: Spenser Skates Title: Chief Executive Officer