Ziff Davis, Inc 8-K, filed Dec 9, 2021
Ziff Davis, Inc. (ZD)
8-K
2021-12-09
For: 2021-12-09
View Original
Added on
April 09, 2026
About this 8-K
Ziff Davis, Inc filed this 8-K on December 9, 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) December 9, 2021
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||||||||
(Address of principal executive offices)
(212 ) 503-3500
(Registrant's telephone number, including area code)
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 (see General Instruction A.2. below):
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. o
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Ziff Davis, Inc. (the “Company”) today announced that the Company has appointed Bret Richter to serve as the Company’s Chief Financial Officer, effective January 3, 2022.
Mr. Richter, age 51, served as Executive Vice President, Chief Financial Officer and Treasurer of MSG Networks Inc. (“MSG Networks”) from April 2016 through the July 2021 acquisition of MSG Networks by Madison Square Garden Entertainment Corp. (“MSG Entertainment). After the closing of the acquisition, Mr. Richter has served MSG Networks as EVP Finance. Mr. Richter also served as Executive Vice President and Chief Financial Officer of MSG Networks from September 2015 to March 2016. Prior to this, Mr. Richter served as Cablevision Systems Corporation’s Executive Vice President of Corporate Finance and Development and, previously, Senior Vice President of Financial Strategy and Development. Mr. Richter holds a Bachelor of Science degree from Cornell University, where he studied applied economics and business management.
There are no transactions or relationships involving Mr. Richter that are reportable under Item 404(a) of Regulation S-K.
Under the terms of a letter agreement between Mr. Richter and the Company, Mr. Richter will receive an annual base salary of $625,000 and is eligible for a target annual incentive bonus of $625,000 for 2022 payable in 2023 conditioned on the Company achieving certain financial targets. Additionally, in keeping with the Company’s commitment to diversity and inclusion, Mr. Richter will be eligible to receive a hiring, retention and leadership bonus up to 15% of Mr. Richter’s 2022 bonus target amount based on the achievement of the Company’s diversity and inclusion objectives. Subject to the approval of the Company Board or Compensation Committee, Mr. Richter will also receive a grant of time-based restricted stock units with a value of $2.25 million at the time of grant, and performance-based restricted stock units with a value of $1.0 million at the time of grant. Finally, Mr. Richter will be eligible to participate in a variety of standard benefits, including, medical, dental, vision and life insurance and the Company’s Employee Stock Purchase Program and 401(k) plans.
The Company issued a press release dated December 9, 2021 announcing the appointment of Mr. Richter, which is furnished herewith and incorporated herein.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit Number | Description | |||||||
| 104 | Cover Page Interactive Data File (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.
Ziff Davis, Inc. (Registrant) | |||||||||||
| Date: | December 9, 2021 | By: | /s/ Jeremy Rossen | ||||||||
| Jeremy Rossen Executive Vice President, General Counsel | |||||||||||
Ziff Davis Appoints Bret Richter as Chief Financial Officer
Company release - 12/9/2021, 7:00am ET
NEW YORK--(BUSINESS WIRE)--Ziff Davis, Inc. (formerly known as J2 Global, Inc.) (NASDAQ: ZD), announced the appointment of Bret Richter as Chief Financial Officer. He will report to Vivek Shah, Chief Executive Officer of Ziff Davis, and will be part of Ziff Davis’ executive leadership team, leading Ziff Davis' worldwide finance and accounting organization. His first day at Ziff Davis will be January 3, 2022.
Richter comes to Ziff Davis from MSG Networks, where he served as Executive Vice President, Chief Financial Officer and Treasurer. Previously, Richter served as the Executive Vice President, Corporate Finance and Development, of Cablevision Systems Corporation. In this role, Richter was responsible for overseeing Cablevision’s financial strategy and development, corporate financial planning, business planning and mergers and acquisitions. Richter also served as Cablevision’s Senior Vice President, Financial Strategy and Development, during which time he was responsible for mergers and acquisitions, investor relations, corporate development and other corporate initiatives.
Before joining Cablevision, Richter served as President of The Richter Consulting Group, Inc., a privately held advisory firm that provided consulting services to early-stage media companies. Prior to that, Richter held various roles at NTL Incorporated (a predecessor of Virgin Media), including Senior Vice President of Finance, and was also a member of the media investment banking advisory team at Salomon Brothers Inc.
Richter is a member of the Cornell University Council, a member of Cornell’s College of Agriculture and Life Sciences Advisory Council
and is a Past-President of Cornell’s College of Agriculture and Life Sciences Alumni Association Board. He holds a Bachelor of Science degree from Cornell University, where he studied applied economics and business management.
“Bret is a highly regarded and seasoned financial executive with deep experience in the media industry,” said Vivek Shah, CEO of Ziff Davis. “His impressive background, experience, and skill-set are a terrific match for the Company and its long-term growth plans.”
About Ziff Davis
Ziff Davis (NASDAQ: ZD) is a vertically focused digital media and internet company whose portfolio includes leading brands in technology, entertainment, shopping, health, cybersecurity, and martech. For more information, visit www.ziffdavis.com.
Rebecca Wright
Ziff Davis, Inc.
(212) 503-5247
press@ziffdavis.com
Source: Ziff Davis, Inc.