Rent the Runway Appoints New CFO, Board Changes

TL;DR

RTR brings in new CFO Anish Patel, O'Sullivan out, board shakeup.

AI Summary

On May 12, 2025, Rent the Runway, Inc. announced changes in its executive team, including the appointment of a new Chief Financial Officer, Anish J. Patel, and the departure of its previous CFO, Scarlett O'Sullivan. The company also elected new directors, including Anish J. Patel and Jennifer Fleiss, to its Board.

Why It Matters

Changes in key financial and leadership roles can signal strategic shifts or address performance concerns, impacting investor confidence and the company's future direction.

Risk Assessment

Risk Level: medium — Executive and board changes can indicate underlying issues or strategic realignments that may affect the company's performance and stability.

Key Players & Entities

• Rent the Runway, Inc. (company) — Registrant
• Anish J. Patel (person) — Appointed Chief Financial Officer and Director
• Scarlett O'Sullivan (person) — Departing Chief Financial Officer
• Jennifer Fleiss (person) — Elected Director
• May 12, 2025 (date) — Date of earliest event reported

FAQ

From the Filing

0001468327-25-000087.txt : 20250516 0001468327-25-000087.hdr.sgml : 20250516 20250516163156 ACCESSION NUMBER: 0001468327-25-000087 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250512 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250516 DATE AS OF CHANGE: 20250516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Rent the Runway, Inc. CENTRAL INDEX KEY: 0001468327 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990] ORGANIZATION NAME: 07 Trade & Services EIN: 800376379 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40958 FILM NUMBER: 25959820 BUSINESS ADDRESS: STREET 1: 10 JAY ST CITY: BROOKLYN STATE: NY ZIP: 11201 BUSINESS PHONE: 2125246860 MAIL ADDRESS: STREET 1: 10 JAY ST CITY: BROOKLYN STATE: NY ZIP: 11201 8-K 1 wdq-20250512.htm 8-K wdq-20250512 0001468327 false 0001468327 2025-05-16 2025-05-16 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): May 12, 2025 Rent the Runway, Inc. (Exact name of registrant as specified in its charter) Delaware   001-40958   80-0376379 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification Number) Rent the Runway, Inc. 10 Jay Street Brooklyn , New York 11201 (Address of principal executive offices, including Zip Code) Registrant’s telephone number, including area code: ( 212 ) 524-6860 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 Class A common stock, $0.001 par value per share   RENT   NASDAQ 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. On May 12, 2025, the Board of Directors (the “Board”) of Rent the Runway, Inc. (the “Company”) elected Daniel Rosensweig to serve as a Class I director, effective May 12, 2025. Mr. Rosensweig previously served on the Board from November 2012 to April 2023. His appointment increases the size of the Board from seven to eight directors. Concurrent with his appointment, Mr. Rosensweig was appointed to the Finance Committee. The Board determined that Mr. Rosensweig qualifies as an independent director under the corporate governance standards of the Nasdaq Stock Market LLC. There are no arrangements or understandings between Mr. Rosensweig