Meta Platforms, Inc 8-K, filed Apr 11, 2025
Meta Platforms, Inc. (META)
8-K
2025-04-11
For: 2025-04-11
View Original
Added on
April 01, 2026
About this 8-K
Meta Platforms, Inc filed this 8-K on April 11, 2025.
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): April 11, 2025
(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 and Zip Code)
(650 ) 543-4800
(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:
| 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 | ||||||||||||
| 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 April 11, 2025, the Board of Directors (the "Board") of Meta Platforms, Inc. (the "Company") approved an increase in the size of the Board to fifteen (15) members and elected Dina Powell McCormick and Patrick Collison as members of the Board, effective April 15, 2025. A copy of the press release announcing the election is attached as Exhibit 99.1 to this report. The Board has determined that each of Ms. Powell McCormick and Mr. Collison qualifies as an independent director under the corporate governance standards of the Nasdaq Stock Market LLC. As of the time of this filing, the Board has not made a determination regarding the committees of the Board, if any, to which Ms. Powell McCormick and Mr. Collison will be appointed. Each of Ms. Powell McCormick and Mr. Collison will receive compensation for their service as a non-employee member of the Board as set forth in the Company's Director Compensation Policy.
There are no arrangements or understandings between any of Ms. Powell McCormick and Mr. Collison and any other person pursuant to which any of Ms. Powell McCormick and Mr. Collison was selected as a director, and there are no transactions in which the Company is a party and in which any of Ms. Powell McCormick and Mr. Collison has a material interest subject to disclosure under Item 404(a) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number | Exhibit Title or Description | |||||||
99.1 | ||||||||
104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) | |||||||
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 hereunto duly authorized.
META PLATFORMS, INC. | |||||||||||
| Date: | April 11, 2025 | By: | /s/ Katherine R. Kelly | ||||||||
| Name: | Katherine R. Kelly | ||||||||||
| Title: | Vice President and Corporate Secretary | ||||||||||
Exhibit 99.1
Patrick Collison and Dina Powell McCormick to Join Meta Board of Directors
MENLO PARK, Calif., April 11, 2025 - Meta today announced that Patrick Collison and Dina Powell McCormick have been elected to the company’s board of directors, effective April 15.
Mark Zuckerberg, Founder and CEO of Meta, said, “Patrick and Dina bring a lot of experience supporting businesses and entrepreneurs to our board. Patrick is deeply committed to expanding economic opportunity, and Dina has a long career advocating for economic development and supporting entrepreneurs. Their perspective will be extremely valuable to businesses that rely on our services to grow.”
“Between WhatsApp, Instagram and Facebook, Meta is one of the internet's most important platforms for businesses. I look forward to helping them navigate the abundant opportunities of the coming years,” said Patrick Collison, Co-Founder and CEO of Stripe.
“I’m excited to bring my experience in finance, government and economic development to support the people and entrepreneurs who use Meta’s services,” said Dina Powell McCormick, Vice Chair, President & Head of Global Client Services at BDT & MSD Partners.
Patrick Collison is the Co-Founder and CEO of Stripe, a technology company that builds programmable financial services, which he started with his brother John Collison in 2010. Mr. Collison is also a co-founder of the Arc Institute, a biomedical research institute that is pioneering a new model for basic research.
Dina Powell McCormick is currently Vice Chair, President & Head of Global Client Services at BDT & MSD Partners. For over 25 years she has served at the highest levels of finance and in the U.S. government. Dina spent 16 years in senior leadership roles as a partner at Goldman Sachs including serving on the management committee, running the firm’s Global Sovereign investment banking business and leading some of the largest and most successful economic development programs, including 10,000 Women, 10,000 Small Businesses and One Million Black Women. She also has served two presidents, as Deputy National Security Advisor to President Donald J. Trump and Assistant to the President for Presidential Personnel and Senior White House Advisor and as Assistant Secretary of State for Secretary of State Condoleezza Rice under President George W. Bush. Dina is a New York Times best-selling author for Who Believed in You, the Power of Transformative Mentorship, a book she authored with her husband, United States Senator from Pennsylvania David McCormick.
Meta's current board members are: Mark Zuckerberg; Peggy Alford, former Executive Vice President, Global Sales, PayPal Holdings, Inc.; Marc L. Andreessen, Co-founder and General Partner, Andreessen Horowitz; John Arnold, Co-Founder and Co-chair, Arnold Ventures; Patrick Collison, Co-Founder and CEO, Stripe, Inc. (effective April 15); John Elkann, CEO, Exor N.V.; Drew Houston, Co-Founder and CEO, Dropbox, Inc.; Nancy Killefer, retired Senior Partner, McKinsey & Company; Robert M. Kimmitt, Meta’s Lead Independent Director and Senior International Counsel, WilmerHale LLP; Dina Powell McCormick, Vice Chair, President & Head of Global Client Services, BDT & MSD Partners (effective April 15); Charlie Songhurst, Technology Investor; Hock E. Tan, President and CEO, Broadcom Inc.; Tracey T. Travis, Executive Vice President and Senior Advisor to the CEO, The Estée Lauder Companies, Inc.; Dana White, President and CEO, Ultimate Fighting Championship; and Tony Xu, Co-Founder and CEO, DoorDash, Inc.
About Meta
Meta is building the future of human connection, powered by artificial intelligence and immersive technologies. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward experiences that foster deeper connections and unlock new possibilities.
Contacts
Investors:
Kenneth Dorell
investor@meta.com / investor.atmeta.com
Press:
Ashley Zandy
press@meta.com / meta.com/news