Shopify Inc. Reports Board and Executive Compensation Changes

TL;DR

Shopify's board and exec pay got a shake-up on Oct 9, 2025.

AI Summary

On October 9, 2025, Shopify Inc. filed an 8-K to report changes in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and the election of new directors, alongside updates to compensatory plans for key executives.

Why It Matters

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

Risk Assessment

Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation updates, not significant financial events.

Key Players & Entities

• Shopify Inc. (company) — Registrant
• October 9, 2025 (date) — Date of earliest event reported

FAQ

From the Filing

0001594805-25-000083.txt : 20251009 0001594805-25-000083.hdr.sgml : 20251009 20251009160123 ACCESSION NUMBER: 0001594805-25-000083 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20251009 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20251009 DATE AS OF CHANGE: 20251009 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHOPIFY INC. CENTRAL INDEX KEY: 0001594805 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37400 FILM NUMBER: 251385094 BUSINESS ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 BUSINESS PHONE: 613-241-2828 MAIL ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 8-K 1 shop-20251009.htm 8-K shop-20251009 FALSE 0001594805 0001594805 2025-10-09 2025-10-09 0001594805 dei:OtherAddressMember 2025-10-09 2025-10-09 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): October 9, 2025 ________________________________________________ Shopify Inc. (Exact name of registrant as specified in its charter) ________________________________________________ Canada 001-37400 98-0486686 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 151 O'Connor Street, Ground Floor 85 10th Ave, Suite 800 Ottawa, Ontario New York, New York Canada K2P 2L8 USA 10011 (Address of Principal Executive Offices) (Zip Code) Registrant’s Telephone Number, Including Area Code: ( 613 ) 241-2828 x 1045   ________________________________________________ Check the appropriate box below if the Form 8-K 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 Name of each exchange on which registered Class A Subordinate Voting Shares SHOP Nasdaq Global Select Market 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 October 9, 2025, Shopify Inc. (the “Company” or “Shopify”), a founder-led commerce company, announced the appointment of Jessica Hertz as the Chief Operating Officer (“COO”) of the Company, effective October 9, 2025. Prior to her appointment as COO, Ms. Hertz, age 43, served as Shopify’s General Counsel and has been