Remitly Global Announces Board and Officer Changes
Ticker: RELY · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1782170
Sentiment: neutral
Topics: governance, executive-compensation, board-changes
Related Tickers: RELY
TL;DR
Remitly's board is shaking up: new director in, one out, plus exec comp details.
AI Summary
Remitly Global, Inc. announced on January 21, 2025, changes related to its board of directors and executive officers. Specifically, the company reported the departure of a director and the election of a new director, along with appointments of certain officers and details regarding compensatory arrangements for these individuals.
Why It Matters
Changes in a company's board and executive team can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing reports routine corporate governance changes and executive compensation details, which typically carry low immediate risk.
Key Players & Entities
- Remitly Global, Inc. (company) — Registrant
- January 21, 2025 (date) — Date of earliest event reported
FAQ
Who is the new director elected to Remitly Global's board?
The filing does not specify the name of the newly elected director.
Which director has departed from Remitly Global's board?
The filing does not name the director who has departed.
What is the primary purpose of this Form 8-K filing?
The primary purpose is to report the departure of a director, election of a director, appointment of certain officers, and compensatory arrangements of certain officers.
When was the earliest event reported in this filing?
The earliest event reported was on January 21, 2025.
What is Remitly Global, Inc.'s principal executive office address?
Remitly Global, Inc.'s principal executive offices are located at 1111 Third Avenue, Suite 2100, Seattle, WA 98101.
Filing Stats: 676 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2025-01-24 16:10:55
Key Financial Figures
- $0.0001 — h registered: Common Stock, par value $0.0001 per share RELY NASDAQ Indicate by
Filing Documents
- dp223814_8k.htm (8-K) — 26KB
- 0000950103-25-000867.txt ( ) — 195KB
- rely-20250121.xsd (EX-101.SCH) — 3KB
- rely-20250121_lab.xml (EX-101.LAB) — 33KB
- rely-20250121_pre.xml (EX-101.PRE) — 22KB
- dp223814_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 21, 2025, Gail Miller, the Chief Accounting Officer of Remitly Global, Inc. (the "Company"), provided notice of her resignation from the Company effective February 28, 2025. Ms. Miller's resignation did not result from any disagreement regarding the Company's financial reporting or accounting policies, procedures, estimates, or judgments. On January 21, 2025, the Board of Directors (the "Board") of the Company approved the appointment of Luke Tavis as Chief Accounting Officer of the Company, effective as of February 28, 2025. Mr. Tavis will report to the Company's Chief Financial Officer in this position. Since December 2023, Mr. Tavis, age 49, has served as Vice President, Controller of the Company. Previously, Mr. Tavis served as the Accounting Director, Devices and Services of Amazon.com, Inc. from 2022 to 2023. Prior to that role, Mr. Tavis held various positions at Trilogy International Partners, Inc. from 2015 to 2022, including Corporate Controller and Vice President and Director of Accounting and Reporting. In connection with his appointment to Chief Accounting Officer, Mr. Tavis will be eligible to receive an equity award of 36,773 restricted stock units ("RSUs"), vesting as follows: (i) 4,830 RSUs will vest in equal tranches on each of May 25, 2025, August 25, 2025, and November 25, 2025, (ii) 3,276 RSUs will vest on February 25, 2026, and (iii) 28,667 RSUs will vest in equal tranches on each of May 25, 2028, August 25, 2028, November 25, 2028, and February 25, 2029. There are no understandings or arrangements with Mr. Tavis in connection with his appointment as Chief Accounting Officer, and Mr. Tavis is not related to any executive officer or director of the Company. Mr. Tavis does not have any direct or indirect material interest in any existing or currently proposed transaction that
SIGNATURES
SIGNATURES 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 thereunto duly authorized. Remitly Global, Inc. Date: January 24, 2025 By: /s/ Saema Somalya Saema Somalya Chief Legal and Corporate Affairs Officer