Grid Dynamics Announces Executive and Board Changes
Ticker: GDYN · Form: 8-K · Filed: 2025-01-13T00:00:00.000Z
Sentiment: neutral
Topics: management-change, board-of-directors, executive-appointments
Related Tickers: GDYN
TL;DR
GDYN shakes up exec team and board, effective Jan 12.
AI Summary
On January 12, 2025, Grid Dynamics Holdings, Inc. announced changes in its executive team and board of directors. The company appointed new officers and elected new directors, effective immediately. These changes are part of the company's ongoing efforts to strengthen its leadership and governance.
Why It Matters
Changes in key leadership roles can signal shifts in company strategy or operational focus, potentially impacting future performance and investor confidence.
Risk Assessment
Risk Level: medium — Executive and board changes can introduce uncertainty regarding future strategy and execution, warranting closer monitoring.
Key Players & Entities
- Grid Dynamics Holdings, Inc. (company) — Registrant
- January 12, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-38685 (other) — Commission File Number
- 83-0632724 (other) — I.R.S. Employer Identification No.
- 5000 Executive Parkway, Suite 520 (address) — Address of principal executive offices
- San Ramon, CA 94583 (address) — City, State, Zip of principal executive offices
- ( 650 ) 523-5000 (phone_number) — Registrant's telephone number
FAQ
What specific roles were affected by the executive and board changes?
The filing indicates changes related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' but does not specify the exact roles in this excerpt.
When were these changes effective?
The earliest event reported is dated January 12, 2025, and the 'Date as of change' is also January 13, 2025, indicating immediate effect.
What is the primary business of Grid Dynamics Holdings, Inc. according to the filing?
The filing lists the Standard Industrial Classification as 'SERVICES-PREPACKAGED SOFTWARE [7372]'.
Where is Grid Dynamics Holdings, Inc. incorporated?
The company is incorporated in Delaware.
What was the former name of the company?
The company was formerly known as ChaSerg Technology Acquisition Corp.
From the Filing
0000899140-25-000065.txt : 20250113 0000899140-25-000065.hdr.sgml : 20250113 20250113173057 ACCESSION NUMBER: 0000899140-25-000065 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250112 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250113 DATE AS OF CHANGE: 20250113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRID DYNAMICS HOLDINGS, INC. CENTRAL INDEX KEY: 0001743725 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 830632724 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38685 FILM NUMBER: 25527190 BUSINESS ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 BUSINESS PHONE: (619) 736-6855 MAIL ADDRESS: STREET 1: 7660 FAY AVENUE STREET 2: SUITE H, UNIT 339 CITY: LA JOLLA STATE: CA ZIP: 92037 FORMER COMPANY: FORMER CONFORMED NAME: ChaSerg Technology Acquisition Corp DATE OF NAME CHANGE: 20180615 8-K 1 g83305165.htm FORM 8K false 0001743725 0001743725 2025-01-12 2025-01-12   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 12, 2025   GRID DYNAMICS HOLDINGS, INC. (Exact name of registrant as specified in its charter)   Delaware   001-38685   83-0632724 (State or other jurisdiction   (Commission   (I.R.S. Employer of incorporation)   File Number)   Identification No.)   5000 Executive Parkway, , Suite 520 San Ramon, CA 94583 (Address of principal executive offices)   Registrant’s telephone number, including area code: ( 650 ) 523-5000 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:   ☐ 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(s)   Name of each exchange on which registered Common Stock, par value $0.0001 per share   GDYN   NASDAQ   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.   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.   On January 12, 2025, the Board of Directors (the “Board”) of Grid Dynamics Holdings, Inc. (the “Company”), upon recommendation of the Board’s Compensation Committee, approved the following changes to the Company’s Outside Director Compensation Policy (as so updated, the “Policy”): • increased the annual restricted stock unit (“RSU”) award to the non-executive Chairman of the Board from $20,000 to $30,000; • added annual RSU awar