Roku Appoints New Directors, Wells Departs Board
Ticker: ROKU · Form: 8-K · Filed: Sep 26, 2024
Sentiment: neutral
Topics: board-changes, executive-compensation
Related Tickers: ROKU
TL;DR
Roku's board is changing: Wells out, Williams and Reinhard in. Details on exec pay also filed.
AI Summary
Roku, Inc. announced on September 23, 2024, the departure of board member David Wells and the appointment of two new directors, Steven A. Williams and Amy L. Reinhard. The company also disclosed compensatory arrangements for its officers, though specific details of these arrangements were not provided in this filing.
Why It Matters
Changes in board composition can signal shifts in strategic direction or governance, potentially impacting investor confidence and future company performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine board changes and compensatory arrangements, which are common corporate events and do not inherently indicate significant financial or operational risk.
Key Players & Entities
- Roku, Inc. (company) — Registrant
- David Wells (person) — Departing Board Member
- Steven A. Williams (person) — Newly Appointed Director
- Amy L. Reinhard (person) — Newly Appointed Director
- September 23, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from Roku's board of directors?
David Wells has departed from Roku's board of directors as of September 23, 2024.
Who are the new directors appointed to Roku's board?
Steven A. Williams and Amy L. Reinhard have been appointed as new directors to Roku's board.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is September 23, 2024.
What other information is disclosed in this filing besides director changes?
The filing also discloses compensatory arrangements of certain officers.
In which state is Roku, Inc. incorporated?
Roku, Inc. is incorporated in Delaware.
Filing Stats: 1,229 words · 5 min read · ~4 pages · Grade level 14.5 · Accepted 2024-09-26 16:08:18
Key Financial Figures
- $0.0001 — hich Registered: Class A Common Stock, $0.0001 par value "ROKU" The Nasdaq Global Sele
- $20,000 — reduce his or her annual base salary by $20,000 per month and the Fair Market Value is
- $50 — per month and the Fair Market Value is $50.00, then the Eligible Executive will be
- $50.00 — ual to: (i) $20,000 divided by (ii) (a) $50.00 divided by (b) the Stock Option Ratio,
Filing Documents
- wk-20240923.htm (8-K) — 39KB
- executivesupplementalstock.htm (EX-10.1) — 79KB
- image_0.jpg (GRAPHIC) — 3KB
- 0001428439-24-000036.txt ( ) — 259KB
- wk-20240923.xsd (EX-101.SCH) — 2KB
- wk-20240923_lab.xml (EX-101.LAB) — 21KB
- wk-20240923_pre.xml (EX-101.PRE) — 12KB
- wk-20240923_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Executive Supplemental Stock Option Program Enrollment Form 10.2 Forms of Consolidated Option Agreement and Option Grant Notice under 2017 Equity Incentive Plan (incorporated by reference to Exhibit 10.4 of Roku's Annual Report on Form 10-K filed on February 18, 2022) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. Roku, Inc. Dated: September 26, 2024 By: /s/ Dan Jedda Dan Jedda Chief Financial Officer