Etsy Inc 8-K, filed Sep 21, 2021
Etsy Inc (ETSY)
8-K
2021-09-21
For: 2021-09-20
View Original
Added on
April 09, 2026
About this 8-K
Etsy Inc filed this 8-K on September 21, 2021, reporting on events of September 20, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
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): September 20, 2021
(Exact name of registrant as specified in its charter)
_____________________________________
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices, including zip code)
(718 ) 880-3660
(Registrant's telephone number, including area code)
N/A
(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:
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. □
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
1
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 20, 2021, C. Andrew Ballard was appointed to the Board of Directors of Etsy, Inc. ("Etsy") to serve as a Class I director (for a term expiring at the 2022 annual meeting of stockholders), effective September 30, 2021. No committee assignments have been made yet. As a non-employee director, Mr. Ballard will be compensated for his services pursuant to Etsy's Amended and Restated Director Compensation Program for Non-Employee Directors, effective as of March 5, 2021 and filed as Exhibit 10.2 to Etsy's Quarterly Report on Form 10-Q for the quarter-ended March 31, 2021. Etsy also expects to enter into its standard indemnification agreement for directors with Mr. Ballard, the form of which was filed as Exhibit 10.1 to Etsy's Annual Report on Form 10-K for the year-ended December 31, 2020.
Mr. Ballard was not selected as a director pursuant to any arrangements or understandings with Etsy or with any other person, and there are no related party transactions between Etsy and Mr. Ballard that would require disclosure under Item 404(a) of Regulation S-K.
A copy of the press release announcing Mr. Ballard’s appointment to the Board of Directors has been filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | ||||
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document | ||||
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ETSY, INC.
By: /s/ Jill Simeone
Jill Simeone
Chief Legal Officer
Dated: September 21, 2021
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Etsy Announces the Appointment of Andy Ballard to its Board of Directors
BROOKLYN, N.Y., September 21, 2021 /PRNewswire/ -- Etsy, Inc. (Nasdaq: ETSY), which operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world, today announced that its Board of Directors has appointed Andy Ballard to the company's Board, effective September 30, 2021. Etsy also announced that Edith Cooper has resigned from the Board to focus on other commitments, effective September 14, 2021.
Andy is currently the CEO of Wiser Solutions, which enables brands and retailers to harness the power of data to drive better decisions to serve their customers. Over the course of his nearly three-decade career he has held leadership positions across the technology, media, and finance industries.
Josh Silverman, Etsy’s Chief Executive Officer, commented, "I am delighted to welcome Andy to Etsy’s Board of Directors. Andy is a seasoned leader whose technology and management expertise complements the skillset of our existing board. He is passionate about empowering our community of more than 5 million sellers as well as advancing our efforts to nurture a diverse and inclusive workforce and marketplace.”
Andy Ballard commented, “Etsy’s track record over the past several years speaks for itself, and I am excited to work with the talented team and Board to support the continued growth of a company that has an incredibly powerful mission, beloved brand and vibrant community, and is a known leader when it comes to leveraging business to drive social good.”
Josh added, “I’d also like to extend a heartfelt thank you to Edith. Since joining the Board in 2018, her expert counsel and contributions have helped Etsy navigate a period of transformative growth. We wish her the best in her future endeavors.”
About Andy Ballard
Andy currently serves as the Chief Executive Officer and Co-Founder of Wiser Solutions, Inc., a software and data company. He is the founder and managing partner of Figtree Partners, an investment firm focused on software and technology. Andy was previously a senior advisor and managing director at the private equity firm Hellman & Friedman LLC. Earlier in his career, he worked at Bain Capital, LLC and Bain & Company, Inc. Andy currently serves on the Board of Directors of Domino’s Pizza, Inc., CrossFit, Datacor, Inc., and Zignal Labs. He’s previously served on the board of Activant Solutions Inc., Catalina Marketing Corporation, DoubleClick Inc., Getty Images, Inc., Internet Brands, Inc. and Vertafore, Inc.
About Etsy
Etsy, Inc. operates two-sided online marketplaces that connect millions of passionate and creative buyers and sellers around the world. These marketplaces share a mission to "Keep Commerce Human," and we're committed to using the power of business to strengthen communities and empower people. Our primary marketplace, Etsy.com, is the global destination for unique and creative goods. Buyers come to Etsy to be inspired and delighted by items that are crafted and curated by creative entrepreneurs. For sellers, we offer a range of tools and services that address key business needs.
Etsy, Inc.'s "House of Brands" portfolio also includes fashion resale marketplace Depop, musical instrument marketplace Reverb, and Brazil-based handmade goods marketplace Elo7. Each Etsy, Inc. marketplace operates independently, while benefiting from shared expertise in product, marketing, technology, and customer support.
Etsy was founded in 2005 and is headquartered in Brooklyn, New York.
Etsy has used, and intends to continue using, its Investor Relations website and the Etsy News Blog (blog.etsy.com/news) to disclose material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, you should monitor our investor relations website and the Etsy News Blog in addition to following our press releases, SEC filings, and public conference calls and webcasts.
Investor Relations Contact:
Deb Wasser, Vice President, Investor Relations & ESG Engagement and Gabe Ratcliff, Director of Investor Relations
ir@etsy.com
Media Relations Contact:
Kelly Clausen, Senior Director, Corporate Communications and Partnerships
press@etsy.com