Pinterest Board Changes and Executive Compensation Update

Ticker: PINS · Form: 8-K · Filed: 2025-01-10T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

Related Tickers: PINS

TL;DR

Pinterest board shakeup: Evan Sharp out, J. William McNamara in. Executive pay details also filed.

AI Summary

Pinterest, Inc. announced on January 6, 2025, changes in its board of directors and executive compensation. Specifically, the company reported the departure of director Evan Sharp and the election of new director, J. William McNamara. Additionally, the filing details compensatory arrangements for certain officers.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial distress or significant operational changes indicated.

Key Players & Entities

FAQ

Who has departed from Pinterest's board of directors?

Evan Sharp has departed from Pinterest's board of directors as of January 6, 2025.

Who has been elected as a new director to Pinterest's board?

J. William McNamara has been elected as a new director to Pinterest's board.

What is the exact date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is January 6, 2025.

What are the main items covered in this 8-K filing?

This 8-K filing covers the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.

What is the principal executive office address for Pinterest, Inc.?

The address of Pinterest, Inc.'s principal executive offices is 651 Brannan Street, San Francisco, California 94107.

From the Filing

0001506293-25-000003.txt : 20250110 0001506293-25-000003.hdr.sgml : 20250110 20250110171755 ACCESSION NUMBER: 0001506293-25-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250106 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250110 DATE AS OF CHANGE: 20250110 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PINTEREST, INC. CENTRAL INDEX KEY: 0001506293 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 263607129 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38872 FILM NUMBER: 25523949 BUSINESS ADDRESS: STREET 1: 651 BRANNAN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 4157627100 MAIL ADDRESS: STREET 1: 651 BRANNAN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: Pinterest, Inc. DATE OF NAME CHANGE: 20120808 FORMER COMPANY: FORMER CONFORMED NAME: Cold Brew Labs Inc. DATE OF NAME CHANGE: 20101122 8-K 1 pins-20250106.htm 8-K pins-20250106 0001506293 false 0001506293 2025-01-06 2025-01-06 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________ FORM 8-K ________________________   CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934   Date of Report (Date of Earliest Event Reported): January 6, 2025 _________________________ Pinterest, Inc. (Exact Name of Registrant as Specified in its Charter)  _________________________ Delaware 001-38872 26-3607129 (State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.) 651 Brannan Street San Francisco , California 94107 (Address of principal executive offices, including zip code) ( 415 ) 762-7100 (Registrant’s telephone number, including area code)   Not Applicable (Former name or former address, if changed since last report)   _________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class Trading Symbol Name of each exchange on which registered Class A Common Stock, $0.00001 par value   PINS New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ((§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐   Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Approval of Performance-Based Restricted Stock Unit Awards On January 6, 2025, the Talent Development and Compensation Committee of the Board of Directors (the “Committee”) of Pin

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