Remitly Global, Inc 8-K, filed Dec 20, 2024
Remitly Global, Inc. (RELY)
8-K
2024-12-20
For: 2024-12-17
View Original
Added on
April 10, 2026
About this 8-K
Remitly Global, Inc filed this 8-K on December 20, 2024, reporting on events of December 17, 2024.
Items reported
- Item 5.02: Director or officer change, or executive pay
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): December 17, 2024
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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).
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 17, 2024, Remitly Global, Inc. (the “Company”) entered into a consulting agreement (the “Consulting Agreement”) with Rene Yoakum, the Company’s EVP, Customer and Culture. The Company previously announced Ms. Yoakum’s retirement from the Company effective December 31, 2024.
Pursuant to the Consulting Agreement, Ms. Yoakum will provide consulting services to the Company beginning January 1, 2025, and ending December 31, 2026, or upon termination by either party (the “Consulting Term”) and receive continued vesting of her 31,250 outstanding stock options, and 262,991 outstanding restricted stock units during the Consulting Term. Additionally, in the event of Ms. Yoakum’s death, any remaining outstanding and unvested equity awards will accelerate and vest in full. During the Consulting Term, the Company will pay for Ms. Yoakum’s monthly healthcare coverage under COBRA for 18 months and will pay Ms. Yoakum a monthly amount of $4,000 for the cost of her health insurance premiums during the remainder of the Consulting Term. The Consulting Agreement also contains a release of claims by Ms. Yoakum against the Company, as well as confidentiality provisions.
SIGNATURE
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.
Remitly Global, Inc. | ||||||||
Date: December 20, 2024 | By: | /s/ Saema Somalya | ||||||
| Saema Somalya | ||||||||
EVP, Legal and Risk | ||||||||