Vtex 6-K, filed May 27, 2022
Vtex (VTEX)
6-K
2022-05-27
For: 2022-05-27
View Original
Added on
April 08, 2026
About this 6-K
Vtex filed this 6-K on May 27, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2022.
Commission File Number 001-40626
VTEX
(Exact name of registrant as specified in its charter)
N/A
(Translation of registrant’s name into English)
125 Kingsway, Wc2B 6NH
London, United Kingdom
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☐ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
VTEX
FORM 6-K
VTEX General Communication
VTEX (NYSE: VTEX), the enterprise digital commerce platform for premier brands and retailers, the leader in accelerating the digital commerce transformation in Latin America and now expanding
globally, announced a new step towards its efficiency-driven expansion. This step comes with hard decisions that directly impacted 193 professionals.
VTEX highly values its exceptional team and deeply appreciate and thank everyone for their commitment and hard work. The desired outcome was and will always be to handle every initiative,
including any workforce reduction and restructuring, with transparency, respect, and responsibility.
VTEX is committed to help the impacted employees along the way with resources to support the transition.
Below, as Exhibit 99.1, VTEX attached the letter sent from Geraldo Thomaz Jr. and Mariano Gomide de Faria, founders and co-CEOs, to all employees on May 26, 2022.
Forward-looking Statements
This announcement contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange of 1934, as amended.
Statements contained herein that are not clearly historical in nature, including statements about the VTEX strategies and business plans, are forward-looking, and the words “anticipate,” “believe,” “continues,” “expect,” “estimate,” “intend,”
”strategy,” “project,” “target” and similar expressions and future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “can,” “may,” or similar expressions are generally intended to identify forward-looking statements.
VTEX may also make forward-looking statements in its periodic reports filed with the U.S. Securities and Exchange Commission, or the SEC, in press releases and other written materials and in oral
statements made by its officers and directors. These forward-looking statements speak only as of the date they are made and are based on the VTEX’s current plans and expectations and are subject to a number of known and unknown uncertainties
and risks, many of which are beyond VTEX’s control. A number of factors and risks could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is
included in VTEX filings with the SEC.
As a consequence, current plans, anticipated actions and future financial position and results of operations may differ significantly from those expressed in any forward-looking statements in this
announcement. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented as there is no guarantee that expected events, trends or results will actually occur. We undertake no obligation to
update or revise any forward looking statements, whether as a result of new information or future events or for any other reason.
This announcement may also contain estimates and other information concerning our industry that are based on industry publications, surveys and forecasts. This information involves a number of
assumptions and limitations, and we have not independently verified the accuracy or completeness of the information.
About VTEX
VTEX (NYSE: VTEX) is the enterprise digital commerce platform where global brands and retailers run their world of commerce. VTEX puts its customers’ business on a fast path to growth with a complete Commerce, Marketplace, and OMS solution. VTEX helps global companies build, manage and deliver native and advanced B2B, B2C, and Marketplace commerce experiences with unprecedented time-to-market and without complexity.
VTEX (NYSE: VTEX) is the enterprise digital commerce platform where global brands and retailers run their world of commerce. VTEX puts its customers’ business on a fast path to growth with a complete Commerce, Marketplace, and OMS solution. VTEX helps global companies build, manage and deliver native and advanced B2B, B2C, and Marketplace commerce experiences with unprecedented time-to-market and without complexity.
As a leader in digital commerce platforms, VTEX is trusted by more than 2,400 customers, including AbInbev, Carrefour, Colgate, Motorola, and Whirlpool, having over 3,200 active online
stores across 38 countries (as of FY ended on December 31st, 2021). For more information, visit www.vtex.com.
VTEX IR Contact
Julia Vater Fernández
Investor Relations Director
investors@vtex.com
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, thereto duly authorized.
Date: May 27, 2022
|
|
VTEX
|
|
|
|
|
|
|
|
By: |
/s/ André Spolidoro Ferreira Gomes |
|
|
Name: | André Spolidoro Ferreira Gomes |
|
|
Title: |
Chief Executive Officer |
| Exhibit 99.1 |
Dear VTEXers,
Today we announced a new step in our efficiency-driven expansion. This step comes with hard decisions. Decisions that
impact dozens of our team members.
In addition to what we discussed in the past few weeks, we are laying off 193 talented people who participated in
building our company. Our employees' dedication and commitment are our most valuable assets, and the precise and clear conversations among us are what make our culture. That was what has brought us this far.
We are proud of and really thankful for everyone who has contributed to VTEX.
Our desired outcome is and will always be to handle this team restructuring with transparency, respect and
responsibility.
Overall, the decision to let people go was not specifically about each individual's potential or performance. The
people who are leaving us today are highly-skilled, incredibly talented professionals who demonstrated commitment toward our shared future and made extraordinary contributions to VTEX.
It is definitely not an easy decision. The world changes fast and we need to adapt. The decision to reduce our
workforce was taken as a strategic judgment around what organizational structure can deliver our adjusted priorities. We are confident that people who are leaving will be able to apply their talents in other great places. And, we as a company will
do our best to help them along the way.
We'd like to invite you to invest some time assisting our colleagues in finding new opportunities. Here [internal
link] you can find a list of dismissed people who opted-in for this relocating initiative (this list will be populated as people submit their information). In this other link [internal link], you’ll also find a recommendation letter template.
Please, let’s use our networks and the power of our ecosystem to create opportunities for people that we admire. Making referrals is always a great way to help people get hired faster.
There are some things left to say for all of us who stay.
First, at this point of time, we have no plans for another wave of layoffs. We are confident in the unique
contributions you can bring to VTEX, and together, we will strive to build amazing results.
Second, we will not cut investments in the development and growth of our talent. In a high-efficiency mindset, it's
even more important to recognize the talents we need to build our future. As we said, it is a matter of adjusting our sails to the upcoming strong winds, and we will surf an extraordinary wave.
Finally, this is an emotional moment for all of us. So let’s all take a deep breath. We understand that today is not
the day for a message that speaks about what awaits us after the layoffs, so conversations about the next steps and practical actions are likely to happen next week. We will host Ask Me Anything (AMA) sessions, and you are all invited to join us
and bring your questions.
We are confident that, a year from now, we will look back on this moment and know that our decision was correct.
There is a bright future ahead of us, and we are excited to see it become our present.
Geraldo and Mariano
May 2022