Porch Group Files 8-K/A Amendment on Officer/Director Changes

Ticker: PRCH · Form: 8-K/A · Filed: 2025-06-27T00:00:00.000Z

Sentiment: neutral

Topics: officer-changes, director-changes, amendment, compensation

Related Tickers: PRCH

TL;DR

Porch Group amended its 8-K filing regarding leadership changes and executive pay.

AI Summary

Porch Group, Inc. filed an amendment (8-K/A) on June 27, 2025, to its report originally dated April 4, 2025. This amendment pertains to the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. The filing also includes financial statements and exhibits.

Why It Matters

This amendment provides updated information regarding the company's leadership and executive compensation, which can impact investor confidence and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to 8-K filings concerning officer and director changes can indicate internal shifts that may affect company strategy and performance.

Key Players & Entities

FAQ

What specific officer or director positions were affected by this amendment?

The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' and 'Compensatory Arrangements of Certain Officers', but specific names and roles are not detailed in the provided text.

What is the primary purpose of this 8-K/A filing?

The primary purpose is to amend a previous 8-K filing to provide updated information regarding changes in the company's directors, officers, and their compensation.

When was the original report filed that this amendment relates to?

The original report was dated April 4, 2025.

What is Porch Group, Inc.'s principal executive office address?

The principal executive offices are located at 411 1st Avenue S., Suite 501, Seattle, Washington 98104.

What other items are included in this amended filing besides officer and director information?

The filing also includes 'Financial Statements and Exhibits'.

From the Filing

0001784535-25-000083.txt : 20250627 0001784535-25-000083.hdr.sgml : 20250627 20250627171740 ACCESSION NUMBER: 0001784535-25-000083 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250404 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250627 DATE AS OF CHANGE: 20250627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Porch Group, Inc. CENTRAL INDEX KEY: 0001784535 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 842587663 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-39142 FILM NUMBER: 251087878 BUSINESS ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: (855) 767-2400 MAIL ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 FORMER COMPANY: FORMER CONFORMED NAME: PropTech Acquisition Corp DATE OF NAME CHANGE: 20190805 8-K/A 1 prch-20250404.htm 8-K/A prch-20250404 false 0001784535 0001784535 2025-04-04 2025-04-04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A (Amendment No. 1) CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 4, 2025 PORCH GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 001-39142 84-2587663 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 411 1st Avenue S. , Suite 501 Seattle , Washington 98104 (Address of principal executive offices) (Zip Code) ( 855 ) 767-2400 (Registrant’s telephone number, including area code) (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: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o 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 PRCH The Nasdaq Stock Market LLC 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 o 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. o Explanatory Note This Amendment (defined below) corrects downward the number of performance-based restricted stock units at target (“PRSUs”) and restricted stock units (“RSUs”) issued by Porch Group, Inc. (the “Company”) on April 4, 2025 (the “Original Grant Date”), which results in a reduction of equity awards issued under the 2025 long-term incentive program to each named executive officer of the Company. Subsequent to the Original Grant Date, the Company identified an inadvertent calculation error related to the 60-trading day volume-weighted average price (“VWAP”) of a share of common stock of the Company ending on March 31, 2025, which was used to calculate the number of PRSUs and RSUs issue

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