Etsy, Inc. (NASDAQ:ETSY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Gary S. Briggs and Edith W. Cooper have been appointed to the Board of Directors of Etsy, Inc. ("Etsy") as Class III directors, effective April 5, 2018. With their appointments, the Board of Directors will increase to eight members. Mr. Briggs and Ms. Cooper will serve on the Compensation Committee of the Board of Directors. As independent non-employee directors, they will be compensated for their services to Etsy's Amended and Restated Director Compensation Program for Non-Employee Directors, effective January 1, 2018, filed as Exhibit 10.19.3 to Etsy's Annual Report on Form 10-K for the year-ended December 31, 2017 (the “Annual Report”). Etsy also expects to enter into its standard indemnification agreement for directors with each of Mr. Briggs or Ms. Cooper, the form of which is filed as Exhibit 10.1 to the Annual Report.
Mr. Briggs has served as the Vice President and Chief Marketing Officer of Facebook, Inc. since August 2013. In 2017, he announced that he planned to leave Facebook in 2018. Prior to Facebook, in 2013, Mr. Briggs served as an Adviser to the Chief Executive Officer of Motorola Mobility, a Google LLC company,and prior to that, in various executive roles at Motorola Mobility and Google from 2010 to 2013. Prior to that, from 2008 to 2010, he was the Chief Executive Officer of Plastic Jungle, Inc., an e-commerce company focused on the unspent gift card market. He has also served in various executive and marketing roles at Ebay, Inc. and other e-commerce and consumer goods companies. Mr. Briggs serves on the advisory boards of LendingClub Corporation, Lagunitas Brewing Company and ISDI Digital University. Previously, he served on the board of directors of LifeLock Inc. (sold: Symantec).
Ms. Cooper served as Executive Vice President, Global Head, Human Capital Management of Goldman Sachs Group, Inc. from March 2008 to December 2017, and, prior to that, she held various leadership positions in Goldman Sachs' Securities Division from 1996 to 2008. Ms. Cooper began her career in derivative sales at Bankers Trust and Morgan Stanley. She currently serves on the board of directors of Slack Technologies, Inc., the Museum of Modern Art and Mt. Sinai Hospital.
Item 5.02. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Index
ETSY INC ExhibitEX-99.1 2 ex991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Etsy Announces Edith Cooper Joining Board of DirectorsBROOKLYN,…To view the full exhibit click here
About Etsy, Inc. (NASDAQ:ETSY)
Etsy, Inc. (Etsy) operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees. The Company’s platform includes marketplace, Seller Services, technology and community, both online and offline. The Company offers a range of services to help Etsy sellers build their personal brands, engage customers and complete transactions. The Company has over three seller services: Promoted Listings, Direct Checkout and Shipping Labels. Its Promoted Listings offering enables an Etsy seller to pay a cost-per-click-based fee to feature and promote her goods in search results generated by Etsy buyers on its platform. Its Direct Checkout offering allows Etsy sellers to accept various forms of payment, such as credit cards, debit cards, PayPal and Etsy gift cards.
