FIGS Appoints New Chief Legal Officer
Ticker: FIGS · Form: 8-K · Filed: 2024-06-12T00:00:00.000Z
Sentiment: neutral
Topics: executive-appointment, legal, personnel-change
Related Tickers: FIGS
TL;DR
FIGS got a new CLO, Trina L. Tatom, starting June 10th. Salary $375k.
AI Summary
On June 7, 2024, FIGS, Inc. announced the appointment of Trina L. Tatom as Chief Legal Officer and Corporate Secretary, effective June 10, 2024. Tatom will receive an annual base salary of $375,000 and will be eligible for equity awards and other standard benefits. This appointment follows the departure of former Chief Legal Officer, Jay M. Sheth.
Why It Matters
The appointment of a new Chief Legal Officer is a significant leadership change that could impact the company's legal strategy and corporate governance.
Risk Assessment
Risk Level: low — This filing primarily concerns a routine executive appointment and does not indicate significant financial or operational risks.
Key Numbers
- $375,000 — Annual Base Salary (For the new Chief Legal Officer, Trina L. Tatom.)
Key Players & Entities
- FIGS, Inc. (company) — Registrant
- Trina L. Tatom (person) — Appointed Chief Legal Officer and Corporate Secretary
- June 10, 2024 (date) — Effective date of appointment
- $375,000 (dollar_amount) — Annual base salary for Trina L. Tatom
- Jay M. Sheth (person) — Former Chief Legal Officer
FAQ
Who has been appointed as the new Chief Legal Officer of FIGS, Inc.?
Trina L. Tatom has been appointed as the new Chief Legal Officer and Corporate Secretary of FIGS, Inc.
When is Trina L. Tatom's appointment effective?
Trina L. Tatom's appointment is effective June 10, 2024.
What is the annual base salary for Trina L. Tatom?
Trina L. Tatom will receive an annual base salary of $375,000.
Who previously held the position of Chief Legal Officer?
Jay M. Sheth previously held the position of Chief Legal Officer.
What other compensation or benefits is Trina L. Tatom eligible for?
Trina L. Tatom will be eligible for equity awards and other standard benefits.
Filing Stats: 1,346 words · 5 min read · ~4 pages · Grade level 11.7 · Accepted 2024-06-12 08:07:36
Key Financial Figures
- $0.0001 — which registered Class A common stock, $0.0001 par value per share FIGS New York Stock
- $500,000 — d will receive an annual base salary of $500,000 (the " Base Salary ") and an annual tar
- $300,000 — d an annual target bonus opportunity of $300,000. The payment of any earned annual bonus
- $4,000,000 — n the Grant Date, with a value equal to $4,000,000 (the " RSU Award "). The RSU Award will
Filing Documents
- figs-20240607.htm (8-K) — 40KB
- figs-20240612xpressrelease.htm (EX-99.1) — 14KB
- logo2.jpg (GRAPHIC) — 97KB
- 0001628280-24-027748.txt ( ) — 318KB
- figs-20240607.xsd (EX-101.SCH) — 2KB
- figs-20240607_lab.xml (EX-101.LAB) — 22KB
- figs-20240607_pre.xml (EX-101.PRE) — 13KB
- figs-20240607_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On June 12, 2024, the Company issued a press release (the " Press Release ") regarding the Chief Financial Officer appointment discussed above. A copy of the Press Release is attached hereto as Exhibit 99.1. The information in Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly provided by specific reference in such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1* Press Release of the Company, dated June 12 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * This exhibit related to Item 7.01 shall be deemed to be furnished, and not filed.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIGS, INC. Date: June 12, 2024 By: /s/ Catherine Spear Name: Catherine Spear Title: Chief Executive Officer and Director