Unity Software Inc. Announces CFO Departure and New Directors
Ticker: U · Form: 8-K · Filed: Jun 20, 2024 · CIK: 1810806
Sentiment: neutral
Topics: executive-change, board-composition, cfo-departure
TL;DR
Unity's CFO is out, interim CFO in, and two new board members join. #ExecChanges
AI Summary
Unity Software Inc. announced on June 18, 2024, the departure of its Chief Financial Officer, Michael Fay, effective immediately. The company has appointed Christopher "Kit" Jeffrey as interim CFO. Unity Software Inc. also announced the appointment of two new independent directors, Amy Morison and Robert "Bob" Pera, to its Board of Directors.
Why It Matters
Changes in key executive positions and board composition can signal shifts in company strategy or financial oversight, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Executive departures and board changes can introduce uncertainty regarding leadership stability and strategic direction.
Key Players & Entities
- Unity Software Inc. (company) — Registrant
- Michael Fay (person) — Departing Chief Financial Officer
- Christopher "Kit" Jeffrey (person) — Interim Chief Financial Officer
- Amy Morison (person) — Appointed Independent Director
- Robert "Bob" Pera (person) — Appointed Independent Director
- June 18, 2024 (date) — Effective date of CFO departure
FAQ
Who has been appointed as the interim Chief Financial Officer of Unity Software Inc.?
Christopher "Kit" Jeffrey has been appointed as the interim Chief Financial Officer.
When was Michael Fay's departure as CFO effective?
Michael Fay's departure as CFO was effective immediately as of June 18, 2024.
How many new independent directors were appointed to Unity's Board?
Two new independent directors, Amy Morison and Robert "Bob" Pera, were appointed.
What is the principal executive office address for Unity Software Inc.?
The principal executive offices are located at 30 3rd Street, San Francisco, California 94103-3104.
What is the filing date for this Form 8-K?
The filing date for this Form 8-K is June 20, 2024.
Filing Stats: 874 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2024-06-20 16:06:05
Key Financial Figures
- $0.000005 — ange on which registered Common stock, $0.000005 par value U The New York Stock Exchange
- $190,000 — lump sum cash payment in the amount of $190,000, less applicable state and federal payr
- $261,250 — lump sum cash payment in the amount of $261,250, less applicable state and federal payr
- $17,000 — payment in the amount of approximately $17,000, less applicable state and federal payr
Filing Documents
- unity-20240618.htm (8-K) — 33KB
- exhibit101-resignationandt.htm (EX-10.1) — 49KB
- 0001810806-24-000164.txt ( ) — 213KB
- unity-20240618.xsd (EX-101.SCH) — 2KB
- unity-20240618_lab.xml (EX-101.LAB) — 21KB
- unity-20240618_pre.xml (EX-101.PRE) — 12KB
- unity-20240618_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 Carol Carpenter and Unity Technologies SF, dated June 18, 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: June 20, 2024 By: /s/ Luis Visoso Luis Visoso Executive Vice President and Chief Financial Officer (Principal Financial Officer)