Match Group Appoints New CLO, Announces Director Departures
Ticker: MTCH · Form: 8-K · Filed: Jun 21, 2024 · CIK: 891103
Sentiment: neutral
Topics: executive-change, legal, board-update
Related Tickers: MTCH
TL;DR
Match Group's CLO is out, new one in. Board changes and shareholder votes coming.
AI Summary
Match Group, Inc. announced on June 21, 2024, the departure of its Chief Legal Officer, Jeffrey L. Cohen. The company also announced the appointment of Sarah L. Mazzochi as the new Chief Legal Officer, effective June 21, 2024. Additionally, the company is submitting matters to a vote of its security holders and filing financial statements and exhibits.
Why It Matters
Changes in key executive positions like Chief Legal Officer can signal shifts in company strategy or internal governance, potentially impacting investor confidence and operational direction.
Risk Assessment
Risk Level: medium — Executive departures and board changes can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Match Group, Inc. (company) — Registrant
- Jeffrey L. Cohen (person) — Departing Chief Legal Officer
- Sarah L. Mazzochi (person) — Appointed Chief Legal Officer
- June 21, 2024 (date) — Effective date of appointments and departures
FAQ
Who has been appointed as the new Chief Legal Officer of Match Group?
Sarah L. Mazzochi has been appointed as the new Chief Legal Officer of Match Group, effective June 21, 2024.
Who is departing from their role as Chief Legal Officer at Match Group?
Jeffrey L. Cohen is departing from his role as Chief Legal Officer at Match Group.
What is the effective date for the leadership changes at Match Group?
The effective date for the leadership changes, including the appointment of the new Chief Legal Officer and the departure of the former one, is June 21, 2024.
What other items are being reported by Match Group in this 8-K filing?
Match Group is also submitting matters to a vote of its security holders and filing financial statements and exhibits.
What is the state of incorporation for Match Group?
Match Group, Inc. is incorporated in Delaware.
Filing Stats: 890 words · 4 min read · ~3 pages · Grade level 10.8 · Accepted 2024-06-21 16:32:27
Key Financial Figures
- $0.001 M — ich registered Common Stock, par value $0.001 MTCH The Nasdaq Stock Market LLC (Nasdaq
Filing Documents
- mtch-20240621.htm (8-K) — 41KB
- mtch8-k20240621ex101.htm (EX-10.1) — 134KB
- 0000891103-24-000076.txt ( ) — 322KB
- mtch-20240621.xsd (EX-101.SCH) — 2KB
- mtch-20240621_lab.xml (EX-101.LAB) — 21KB
- mtch-20240621_pre.xml (EX-101.PRE) — 12KB
- mtch-20240621_htm.xml (XML) — 3KB
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On June 21, 2024, Match Group held its annual meeting of stockholders. Stockholders present in person or by proxy, representing 217,850,496 shares of Match Group common stock voted on the following matters: 1. Election of Directors —stockholders elected the following three directors of Match Group, each to hold office for a three-year term ending on the date of the annual meeting of Match Group's stockholders in 2027 or until such director's successor shall have been duly elected and qualified (or, if earlier, such director's removal or resignation from the Board of Directors of Match Group). Stockholders eligible to vote voted as follows: Number of Votes Cast in Favor Number of Votes Cast Against Number of Votes Abstaining Spencer Rascoff 195,490,367 1,833,770 106,205 Glenn H. Schiffman 181,238,137 16,114,622 77,583 Pamela S. Seymon 177,877,695 19,480,882 71,765 In addition to the votes cast and abstentions for each director nominee described above, there were 20,420,154 broker non-votes with respect to each director nominee. 2. The Say on Pay Proposal —stockholders approved, on an advisory basis, the compensation paid to Match Group's named executive officers for the fiscal year ended December 31, 2023. Stockholders eligible to vote voted as follows: Number of Votes Cast in Favor Number of Votes Cast Against Number of Votes Abstaining 184,056,967 13,209,276 164,099 In addition to the votes cast and abstentions described above, there were 20,420,154 broker non-votes with respect to the Say on Pay Proposal. 3. The 2024 Stock and Incentive Plan Proposal —stockholders approved the Match Group, Inc. 2024 Stock and Annual Incentive Plan. Stockholders eligible to vote voted as follows: Number of Votes Cast in Favor Number of Votes Cast Against Number of Votes Abstaining 181,242,987 16,064,418 122,937 In addition to the votes cast and abstentions described above, there were 20,420,154 br
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Match Group, Inc. 2024 Stock and Annual Incentive Plan 104 Inline XBRL for the cover page of this Current Report on Form 8-K SIGNATURE 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. MATCH GROUP, INC. By: /s/ Jeanette Teckman Jeanette Teckman Interim Chief Legal Officer Date: June 21, 2024