Duolingo Appoints New Chief Product Officer from Google

TL;DR

Duolingo swaps CPO, brings in Google product exec Palmore.

AI Summary

On December 5, 2024, Duolingo, Inc. announced the appointment of M.K. Palmore as Chief Product Officer, effective December 9, 2024. Palmore previously served as Senior Vice President of Product at Google. The company also announced the departure of Tim MacGougan as Chief Product Officer, effective December 6, 2024.

Why It Matters

The appointment of a new Chief Product Officer from a major tech company like Google could signal a strategic shift or renewed focus on product development and innovation for Duolingo.

Risk Assessment

Risk Level: medium — Changes in key executive positions, especially in product leadership, can introduce uncertainty regarding future strategy and execution.

Key Players & Entities

• Duolingo, Inc. (company) — Registrant
• M.K. Palmore (person) — Appointed Chief Product Officer
• Google (company) — Previous employer of M.K. Palmore
• Tim MacGougan (person) — Departing Chief Product Officer
• December 5, 2024 (date) — Date of report
• December 9, 2024 (date) — Effective date for M.K. Palmore
• December 6, 2024 (date) — Effective date for Tim MacGougan's departure

FAQ

Key Financial Figures

• $0.0001 — which registered Class A common stock, $0.0001 par value per share DUOL The Nasdaq Sto
• $35,000 — receive: (i) an annual cash retainer of $35,000 for serving on the Board, paid quarterl
• $7,500 — year); (ii) an annual cash retainer of $7,500 for serving on the Compensation Committ
• $4,000 — year), (iii) an annual cash retainer of $4,000 for serving on the Mergers and Acquisit
• $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-20241205.htm (8-K) — 31KB
• bonnierossboardappointment.htm (EX-99.1) — 6KB
• 0001562088-24-000276.txt ( ) — 157KB
• duol-20241205.xsd (EX-101.SCH) — 2KB
• duol-20241205_lab.xml (EX-101.LAB) — 20KB
• duol-20241205_pre.xml (EX-101.PRE) — 12KB
• duol-20241205_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On December 9, 2024, the Company issued a press release announcing the appointment of Ms. Ross. A copy of the press release is furnished as Exhibits 99.1 to this Current Report on Form 8-K and is incorporated in this Item 7.01 by reference. The information in this Item 7.01 of this Current Report on Form 8-K (including Exhibit 99.1 attached hereto) of this Form 8-K is being furnished and 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 to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated December 9, 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. DUOLINGO, INC. Date: December 9, 2024 By: /s/ Matthew Skaruppa Matthew Skaruppa Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)