Sprout Social, Inc 8-K, filed Jun 16, 2021
Sprout Social, Inc. (SPT)
8-K
2021-06-16
For: 2021-06-16
View Original
Added on
April 10, 2026
About this 8-K
Sprout Social, Inc filed this 8-K on June 16, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 7.01: Regulation FD disclosure
- 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): June 16, 2021
(Exact Name of Registrant as Specified in its Charter)
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| , | |||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||||||||
(866 ) 878-3231
(Registrant’s telephone number, including area code)
Not applicable
(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:
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| 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:
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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).
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 June 16, 2021, the Sprout Social, Inc. (the “Company”) board of directors (the "Board") elected William Thomas Stanley to the Board as a Class II director for a term expiring at the 2024 annual meeting of stockholders of the Company. The election of Mr. Stanley expands the size of the Board to seven directors.
Mr. Stanley is expected to receive cash and equity compensation equivalent to that of other non-employee directors pursuant to the Company’s Non-Employee Director Compensation Policy (the “Policy”) as described in the Company's proxy statement filed with the U.S. Securities and Exchange Commission on April 9, 2021.
There are no arrangements or understandings between Mr. Stanley and any other persons pursuant to which he was elected as a director of the Company. With respect to Item 404(a) of Regulation S-K, there are no relationships or related transactions between Mr. Stanley and the Company that would be required to be reported.
Item 7.01. Regulation FD Disclosure.
A copy of the press release announcing the election of Mr. Stanley is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
| Exhibit No. | Description | |||||||
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.
| SPROUT SOCIAL, INC. | |||||
| By: | /s/ Heidi Jonas | ||||
| Name: | Heidi Jonas | ||||
| Title: | General Counsel and Secretary | ||||
Date: June 16, 2021
Sprout Social Announces Appointment of Thomas Stanley to Board of Directors
CHICAGO – JUNE 16, 2021 – Sprout Social, Inc. (“Sprout Social” or the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that Thomas Stanley, Chief Revenue Officer at Tanium, will be joining their board of directors, effective June 16, 2021.
“Thomas has been an exceptional leader in the technology industry for more than two decades and we’re excited for him to bring his deep sales, go-to-market strategy and partnership experience to our board,” said Justyn Howard, CEO of Sprout Social. “As Sprout continues to accelerate our growth, his perspective and expertise will help us continue to capture the opportunity in front of us.”
As the Chief Revenue Officer at Tanium, Stanley is responsible for Tanium’s overall revenue operations, go-to-market strategy, global sales organization, channel and strategic partnerships, and customer engagement. Prior to Tanium, Stanley held senior sales leadership roles at NetApp, SGI and IBM. A passionate advocate for education, youth advancement, and diversity and inclusion, Stanley currently serves on the Industry Advisory Board at North Carolina A&T State University, and the boards of the Omega Uplift Foundation and Boys Hope Girls Hope International.
“Sprout’s deep commitment to the voice of the customer—in both product and practice—is what really energizes me about the company,” said Stanley. “Sprout’s fully-integrated platform enables organizations to tap into the power of social media to better understand their customers, markets and competitors, and shape their business strategy. I’m excited to join Sprout's board and help their leadership team accelerate their growth strategy.”
About Sprout Social
Sprout Social offers deep social media listening and analytics, social management, customer care and advocacy solutions to more than 28,000 brands and agencies worldwide. Sprout’s unified platform integrates the power of social throughout every aspect of a business and enables social leaders at every level to extract valuable data and insights that drive their business forward. Headquartered in Chicago, Sprout operates across major social media networks, including Twitter, Facebook, Instagram, Pinterest, YouTube and LinkedIn. Learn more at sproutsocial.com.
Availability of Information on Sprout Social’s Website and Social Media Profiles
Investors and others should note that Sprout Social routinely announces material information to investors and the marketplace using U.S. Securities and Exchange Commission (SEC) filings, press releases, public conference calls, webcasts and the Sprout Social Investors website. We also intend to use the social media profiles listed below as a means of disclosing information about us to our customers, investors and the public. While not all of the information that the Company posts to the Sprout Social Investors website or to social media profiles is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media, and others interested in Sprout Social to review
the information that it shares at the Investors link located at the bottom of the page on www.sproutsocial.com and to regularly follow our social media profiles. Users may automatically receive email alerts and other information about Sprout Social when enrolling an email address by visiting "Email Alerts" in the "Shareholder Services" section of Sprout Social's Investor website at https://investors.sproutsocial.com/.
Social Media Profiles
www.twitter.com/SproutSocial
www.facebook.com/SproutSocialInc
www.linkedin.com/company/sprout-social-inc-/
www.instagram.com/sproutsocial
Contact
Media:
Kaitlyn Gronek
Sprout Social
Email: pr@sproutsocial.com
Phone: (773) 904-9674
Investors:
Jason Rechel
Sprout Social
Email: jason.rechel@sproutsocial.com
Phone: (773) 570-4892