Duolingo Appoints New Chief Product Officer, Elects Directors
Ticker: DUOL · Form: 8-K · Filed: Jun 21, 2024
Sentiment: neutral
Topics: executive-changes, board-of-directors
Related Tickers: DUOL
TL;DR
Duolingo shakes up leadership with a new CPO and board members.
AI Summary
On June 14, 2024, Duolingo, Inc. announced changes to its executive team. The company appointed M.K. Palmore as Chief Product Officer and also elected new directors to its board. These changes are effective as of June 14, 2024.
Why It Matters
Changes in key executive roles and board composition can signal shifts in company strategy and leadership direction, potentially impacting future performance.
Risk Assessment
Risk Level: low — This filing reports routine executive and board changes, not significant financial or operational events.
Key Players & Entities
- Duolingo, Inc. (company) — Registrant
- M.K. Palmore (person) — Appointed Chief Product Officer
- June 14, 2024 (date) — Effective date of changes
FAQ
Who has been appointed as the new Chief Product Officer at Duolingo?
M.K. Palmore has been appointed as the new Chief Product Officer.
What is the effective date of the reported changes?
The effective date of the reported changes is June 14, 2024.
What other significant event is reported in this 8-K filing?
The filing also reports the election of new directors to Duolingo's board.
What is Duolingo's principal executive office address?
Duolingo's principal executive offices are located at 5900 Penn Avenue, Pittsburgh, Pennsylvania 15206.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 14 · Accepted 2024-06-21 16:06:31
Key Financial Figures
- $0.0001 — which registered Class A common stock, $0.0001 par value per share DUOL The Nasdaq Sto
- $35,000 — des for: (i) an annual cash retainer of $35,000 for serving on the Board, paid quarterl
- $360,000 — estricted stock units ("RSUs") equaling $360,000 divided by the closing price of the Com
- $180,000 — ing such meeting, in an amount equaling $180,000 divided by the closing price of the Com
Filing Documents
- duol-20240614.htm (8-K) — 26KB
- 0001562088-24-000172.txt ( ) — 143KB
- duol-20240614.xsd (EX-101.SCH) — 2KB
- duol-20240614_lab.xml (EX-101.LAB) — 20KB
- duol-20240614_pre.xml (EX-101.PRE) — 12KB
- duol-20240614_htm.xml (XML) — 3KB
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. DUOLINGO, INC. Date: June 21, 2024 By: /s/ Matthew Skaruppa Matthew Skaruppa Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)